About 83 James Street
Following strong investor interest and a review of the property's financial performance, the asset has been repositioned to reflect its stabilized income and long-term value. Fully stabilized and well-maintained 5-unit multifamily delivering immediate cash flow and operational stability. The property is 100% occupied with proven tenant history, consistent collections, and strong in-place income exceeding $121,800 annually. Several units feature recent updates and improvements that support tenant retention and continued rent growth. Efficient operating expenses and a solid NOI create a strong overall performance profile. Located in a high-demand rental market in New Haven, this turnkey investment offers both immediate yield and long-term upside. Ideal for investors seeking a stabilized, income-producing asset with reliable performance and DSCR-compatible metrics.
Features of 83 James Street
| MLS® # | 24103991 |
|---|---|
| Price | $975,000 |
| Bedrooms | 15 |
| Bathrooms | 7.00 |
| Full Baths | 7 |
| Square Footage | 5,600 |
| Acres | 0.13 |
| Type | Multi-Family For Sale |
| Sub-Type | 5 Family+ |
| Style | Units on different Floors |
| Status | Active |
Community Information
| Address | 83 James Street |
|---|---|
| Area | Fair Haven |
| City | New Haven |
| County | New Haven |
| State | Connecticut |
| Zip Code | 06513 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Parking | Paved, Parking Lot, Off Street Parking |
| Is Waterfront | No |
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Gas on Gas |
|---|---|
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Partial, Partial With Walk-Out |
Exterior
| Exterior | Vinyl Siding, Aluminum, Wood |
|---|---|
| Lot Description | Corner Lot, Level Lot |
| Roof | Asphalt Shingle |
| Foundation | Concrete, Masonry |
School Information
| Elementary | Per Board of Ed |
|---|---|
| High | Per Board of Ed |
Additional Information
| Date Listed | June 16th, 2025 |
|---|---|
| Days on Market | 389 |
| Zoning | RM2 |
| RE / Bank Owned | No |
Listing Details
| Office | iVision Real Estate |
|---|