An amazing opportunity in the Fair Haven neighborhood of New Haven for ANY investor! This location is surrounded by the Mill/Quinnipiac River, Grand Avenue, and various local restaurants. This 3-unit asset is 1908 SF & has tenant paid utilities. Unit 1 has 2 bedrooms/ 1 bathroom rented for $800 with a lease expiration date of 7/31/23! Unit 2 has 2 bedrooms/1 bathroom rented for $1000 that is currently M2M. There is a rear unit also occupied by a tenant that currently pays $1550 with a lease expiration of 8/31/23. This asset features off street parking with a long driveway! AGENTS PLEASE READ AGENT to AGENT REMARKS!
Sold for $420,000 on 10/26/23
$420,000
40 Exchange Street, New Haven, CT 06513
4beds
1,908sqft
Multi Family
Built in 1900
-- sqft lot
$484,300 Zestimate®
$220/sqft
$2,594 Estimated rent
Home value
$484,300
$455,000 - $513,000
$2,594/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 26, 2023 at 11:45am
Listed by:
Lisa Cozzi Team,
Lisa Cozzi 860-215-3634,
Berkshire Hathaway NE Prop. 860-633-3674,
Co-Listing Agent: Colin McCarroll 860-707-0146,
Berkshire Hathaway NE Prop.
Bought with:
Monica Osorio, RES.0788735
Realty ONE Group Connect
Source: Smart MLS,MLS#: 170584093
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas, Oil
Cooling
- None
Appliances
- Included: Gas Water Heater, Water Heater
Features
- Basement: Full
Interior area
- Total structure area: 1,908
- Total interior livable area: 1,908 sqft
- Finished area above ground: 1,908
Property
Parking
- Parking features: Driveway, Off Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
- Exterior features: Rain Gutters, Lighting, Sidewalk
Lot
- Size: 0.31 Acres
- Features: Level
Details
- Parcel number: 1242637
- Zoning: RM1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt,Gable
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Medical Facilities, Park, Near Public Transport, Shopping/Mall
Location
- Region: New Haven
Price history
| Date | Event | Price |
|---|---|---|
| 10/26/2023 | Sold | $420,000$220/sqft |
Source:  Smart MLS #170584093 | ||
| 8/8/2023 | Pending sale | $420,000$220/sqft |
Source: Smart MLS #170584093 | ||
| 7/24/2023 | Contingent | $420,000$220/sqft |
Source: Smart MLS #170584093 | ||
| 7/14/2023 | Listed for sale | $420,000+68%$220/sqft |
Source: Smart MLS #170584093 | ||
| 4/19/2021 | Sold | $250,000$131/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,636 +2.3% | $244,580 |
| 2024 | $9,416 +3.5% | $244,580 |
| 2023 | $9,098 -6.4% | $244,580 |
Find assessor info on the county website
Neighborhood: Fair Haven
Nearby schools
GreatSchools rating
- 3/10Fair Haven SchoolGrades: PK-8Distance: 0.1 mi
- 1/10Wilbur Cross High SchoolGrades: 9-12Distance: 1.5 mi
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$484,300
2% more+ $9,686
With Zillow Showcase(estimated)
$493,986