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718 Winchester Ave

3 Unit Apartment Building $385,000 ($128,333/Unit) New Haven, CT 06511

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Executive Summary

Discover this 3-family property on Winchester Ave, perfect for both owner-occupants and savvy investors. The home features a fenced front yard, durable vinyl siding, and separate utilities, with 3-bedroom units on the 1st and 2nd floors, and a 1-bedroom unit on the 3rd floor. With one tenant currently on a month-to-month lease and below-market rent, you have the potential to increase income, with market rates around $1,700+/month for the remaining units.
Comparable closed sales nearby include: Enjoy the Sweat Equity/Appreciation or pull Equity Out and build our investment portfolio.
- 270 Huntington St: $605,000 (above-average finishes)
- 264 Huntington St: $592,500 (above-average finishes)
- 263 Highland St: $457,500 (average condition)
- 258 Highland St: $439,000 (below-average condition)
- 252 Sheffield Ave: $435,000 (below-average condition)

This is a rare opportunity in a high-demand area!

Property Facts

Price	$385,000	Apartment Style	Low Rise
Price Per Unit	$128,333	Lot Size	0.09 AC
Sale Type	Investment	Building Size	2,767 SF
No. Units	3	No. Stories	3
Property Type	Multifamily	Year Built	1920
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$385,000
Price Per Unit	$128,333
Sale Type	Investment
No. Units	3
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Lot Size	0.09 AC
Building Size	2,767 SF
No. Stories	3
Year Built	1920
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.