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285 Quinnipiac Ave 12 Unit Apartment Building $3,041,151 CAD ($253,429 CAD/Unit) 6.94% Cap Rate New Haven, CT 06513
Investment Highlights
- Strong in-place return profile with real pro forma upside
- Great location
- Three-building layout with private parking
Executive Summary
This 12-unit multifamily investment consists of three separate buildings with a full unit mix of all two-bedroom apartments, ideally positioned in a desirable New Haven location. The property benefits from a private off-street parking lot and offers investors an attractive combination of strong in-place performance and future upside. The uniform two-bedroom configuration supports broad tenant demand, while the multi-building layout and parking amenity enhance the overall appeal of the asset. At the current pricing, the property is projected to achieve an estimated 6.94% cap rate, with upside to an 8.81% cap rate. With approximately $153,712 in-place NOI and $195,163 pro forma NOI, this is an opportunity to acquire a well-located, efficiently configured multifamily asset with immediate cash flow and continued rental growth potential.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,041,151 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $253,429 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.63 AC |
| Cap Rate | 6.94% | Building Size | 4,582 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1966 |
| Zoning | RM1 | ||
| Price | $3,041,151 CAD |
| Price Per Unit | $253,429 CAD |
| Sale Type | Investment |
| Cap Rate | 6.94% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 4,582 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Zoning | RM1 |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $2,243 CAD | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | NHVN-000085-001298-000900 | Total Assessment | $955,715 CAD |
| Land Assessment | $79,163 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $876,552 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
NHVN-000085-001298-000900
Land Assessment
$79,163 CAD
Improvements Assessment
$876,552 CAD
Total Assessment
$955,715 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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285 Quinnipiac Ave
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