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Sara Etienne

sara.etienne@exprealty.com +1(860) 305-1876

$ 1,750,000

Est. payment -/mo

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Active

15 Colby Court New Haven, CT 06515

16 Beds

16 Baths

10,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $175

MLS Listing ID 24176677

Style Units are Side-by-Side

Bedrooms 16

Full Baths 12

Half Baths 4

Year Built 2026

Annual Tax Amount $2,049

Lot Size 8,276 Sqft

Property Sub-Type 4 Family

Property Description

This newly constructed four-unit townhome asset presents a rare opportunity to acquire a core-plus multifamily property in the New Haven market. Built by a reputable local developer, the property is offered as a single investment asset, ideal for investors seeking stable long-term cash flow with future upside. Each of the four townhome-style units is approximately 2,500 square feet and configured with 4 bedrooms and 3.5 bathrooms. Features include hardwood flooring, tiled bathrooms, central air, stainless steel appliances, in-unit laundry, private decks, and one-car garages. Each unit is separately metered for utilities, supporting efficient management and expense control. Guest parking is also included for added convenience. The property will convey as a single asset with no existing condominium association in place. A future condo conversion may offer additional exit flexibility and potential value enhancement. Located within 7-11 minutes of Yale University, Southern Connecticut State University, and the University of New Haven, the property benefits from consistent rental demand driven by nearby universities, faculty, and medical professionals. Projected market rents are $4,500 per unit per month, supporting an estimated gross annual income of approximately $216,000 based on current assumptions.

Location

State CT

County New Haven

Zoning RM1

Rooms

Basement None

Interior

Heating Heat Pump

Cooling Heat Pump

Exterior

Exterior Feature Sidewalk, Deck, Gutters, Lighting

Parking Features Under House Garage, Paved, Off Street Parking, Driveway

Garage Spaces 4.0

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description On Cul-De-Sac

Foundation Concrete

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Michael Bachmann • HomeSmart Homes and Estates

Sara Etienne

15 Colby Court New Haven, CT 06515

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby Locations

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15 Colby Court