A 6-unit multifamily offeringstrong in-place income plus immediate upside through lease-up. Current rents: Unit 1-$1,300, Unit 2-$1,550, Unit 3-$1,300, Unit 6-$1,375; Units 4 (1BR) and 5 (2BR) are empty. In-place gross: $5,525/mo with pro-forma potential up to ~$8,925/mo (market rent: Unit 4-$1,550 and Unit 5-$1,850). Located in a Class A neighborhood in the desirable Foxon area, close to I-95 & Route 1, shopping, dining, and minutes to downtown New Haven/Yale and East Haven beaches/parks. With lease-up alone, this can be positioned to achieve an 8-cap, making it an ideal value-add play with strong long-term fundamentals.
Foxon, located between New Haven and Branford, is a residential and commercial East Haven neighborhood with wooded backroads and a busy Route 80 corridor. The character concentrates around the Foxon Boulevard (US-80) stretch near the North Branford Road junction, where bakeries, old-school eateries, and small storefront plazas set a steady, everyday rhythm. Low-slung ranches and split-levels sit behind stone walls and tall trees, while newer infill appears along the main road. Foxon Park’s bottling works and tasting room reads like a local calling card. The Shore Line Trolley Museum adds a hands-on, transport-history note nearby. Farm stands and trail pockets around Lake Saltonstall keep the landscape close at hand.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Partial, partially finished basement
Ramps for accessibility
Total of 25 rooms throughout the building
Bedrooms
Seven bedrooms total
Bathrooms
Six full bathrooms
Kitchen
No kitchen appliance details provided
Laundry & utility
Common laundry area in the basement
Flooring
No flooring details provided
Heating & cooling
Hot air heating
Natural gas hot water with a 40-gallon tank
Exterior features
Level to sloping lot
Private driveway
Parking lot on site
Home design
Multi-family property (5+ units)
Six total units
Parking
Eight total parking spaces
Driveway and parking lot
Security
No security details provided
Construction
Frame construction
Aluminum exterior siding
Brick and concrete foundation
Asphalt shingle roof
Utilities
Public water connected
Public sewer connected
Natural gas service
HOA & community
No HOA details provided
Financial info
Property listed as multi-family for sale
Other
Living area per public record: 2784 (sq ft not shown in sections)
Electricity and solar
View estimated energy costs and solar savings for this home