1351 State Street, New Haven, CT 06511
Local realty services provided by:Better Homes and Gardens Real Estate Shore & Country Properties
1351 State Street,New Haven, CT 06511
$2,350,000
- 13 Beds
- - Baths
- 3,965 sq. ft.
- Multi-family
- Active
Listed by:latasha eaddy
Office:eaddy associates
MLS#:24121846
Source:CT
Price summary
- Price:$2,350,000
- Price per sq. ft.:$592.69
About this home
House #1- 1014-1016 Noble Ave Bridgeport. Incredible income-generating opportunity with this 18-room legal rooming house, fully compliant and positioned for maximum return. Projected annual income at full capacity $168,300. One room occupied rent-free by on-site property manager. Ideal for investors seeking steady cash flow and minimal vacancies features 16 private rooms 2 efficiency units and 2 shared bathrooms. Average room size: 14' x 15' some bigger. House #2- 1351 State St New Haven: Rare opportunity to acquire a fully legal, income-producing rooming house for over 30 years with strong cash flow and long-term stability. Features 12 rentable rooms + 1 efficiency unit and a separate commercial space with State Street frontage. 2 shared bathrooms, shared kitchen, plus coin-op laundry setup potential. On-site manager's apartment (1 bed, 1 bath, kitchen, living space) Small room on lower level for an office. Commercial Space features separate entrance with 1 bath, ideal for restaurant, office, or retail. Gross income potential: approx. $168,000/year. Key Investor Features: Turnkey operation with decades-long rental history, well-maintained: 7 yr old roof, newer siding, and windows, dry full basement with potential for storage or laundry income, average room size 12x10 or bigger. These are 2 stable, cash-flowing assets in a prime Bridgeport & New Haven location. Ideal for seasoned or new investors seeking a high-cap rate property with upside in commercial revenue.
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Home facts
- Year built:1900
- Listing ID #:24121846
- Added:30 day(s) ago
- Updated:September 20, 2025 at 11:29 AM
Rooms and interior
- Bedrooms:13
- Living area:3,965 sq. ft.
Heating and cooling
- Heating:Hot Water
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1900
- Building area:3,965 sq. ft.
- Lot area:0.12 Acres
Schools
- High school:Per Board of Ed
- Elementary school:Per Board of Ed
Utilities
- Water:Public Water Connected
Finances and disclosures
- Price:$2,350,000
- Price per sq. ft.:$592.69
- Tax amount:$10,676 (July 2025-June 2026)
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