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Investment Highlights

  • Prime Location
  • Off-street Parking
  • Lots of Natural Light

Executive Summary

Prime opportunity to acquire a 6-unit multifamily property in a highly desirable New Haven location. This income-producing building features six residential units with strong rental appeal and consistent demand. The property includes separate utilities and convenient access to public transportation, Yale University, downtown New Haven, shops, restaurants, and major highways. Ideal for investors seeking stable cash flow with long-term growth potential.
The current rent roll is approximately $9,300/month, with pro forma rents projected around $10,800/month, creating a meaningful opportunity for the next owner to increase income through lease-up and continued stabilization.

Data Room Click Here to Access

Property Facts

Price $1,394,500 CAD
Price Per Unit $232,417 CAD
Sale Type Investment
Cap Rate 6.36%
No. Units 6
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Low-Rise
Lot Size 0.15 AC
Building Size 9,156 SF
No. Stories 2
Year Built 1910
Parking Ratio 1.09/1,000 SF
Opportunity Zone Yes
Zoning RM1

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 $2,161 CAD 800 - 950
3+1 2 $2,161 CAD 950 - 1,100
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100
  • Listing ID: 40044278

  • Date on Market: 2026-04-06

  • Last Updated:

  • Address: 76 Ridge St, New Haven, CT 06511

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