550 Whitney Avenue, New Haven, Connecticut

$4,200,000

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9

Beds

16

Baths

8,269

Square feet

0.55

Acres

About 550 Whitney Avenue

550 Whitney Avenue is a 16-unit multifamily property located in the sought-after East Rock neighborhood of New Haven, CT. The property features 9 one-bedroom units and 7 studios. 2 of the studios are located on the top-floor with private roof decks. The property features off-street parking and a common laundry room. The property features strong value-add potentials. Renovations may significantly boost net income, energy efficiency, and property performance. The property already boasts brick exterior and private parking spaces. The property has great access to Yale campus, including the School of Management, Physics and Computer Science Department, as well as the planned Yale Science Building on Whitney and Edwards. Construction on the state-of-the-art Yale Science Building is already underway, presenting a potential boon for area multifamily properties, as demand for housing may grow with the campus expansion, and such expansion's potential impact on job growth. Its prime location boasts easy access to East Rock's vibrant boutique cafes and restaurants, as well as easy transport to nearby neighborhoods and towns. Tenants responsible for electricity. Ownership responsible for oil heating, water, and sewage.

Features of 550 Whitney Avenue

MLS® # 24067840
Price $4,200,000
Bedrooms 9
Bathrooms 16.00
Full Baths 16
Square Footage 8,269
Acres 0.55
Year Built 1960
Type Multi-Family For Sale
Sub-Type 5 Family+
Style Other
Status Active

Community Information

Address 550 Whitney Avenue
Area East Rock
City New Haven
County New Haven
State Connecticut
Zip Code 06511

Amenities

Parking None
Is Waterfront No
Waterfront Not Applicable
Has Pool No

Interior

Heating Hot Water, Oil
Cooling None
Fireplace No
Has Basement Yes
Basement Partial

Exterior

Exterior Brick
Lot Description N/A
Roof Flat
Foundation Block

School Information

Elementary Per Board of Ed
High Per Board of Ed

Additional Information

Date Listed January 15th, 2025
Days on Market 16
Zoning RH1
RE / Bank Owned No

Listing Details

OfficeFarnam Realty Group

Listing Map

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