Martin & Main Street Apartments

  • Title

    Multifamily Property

  • City

    West Haven, CT

  • Price

    $1,900,000

  • Cap Rate

    5.7%

  • Gross Leasable Area

    15,771 SF

  • No. Units

    19

  • Price/SF

    $120.47

  • Price/Unit

    $100,000

  • No. Stories

    3

  • Year Built

    1940

  • Lot Size

    .30 AC

Not found amenities.

Northeast Private Client Group is pleased to present Martin & Main Street Apartments, located at 254 Main Street, West Haven.

Martin & Main Street Apartments is a nineteen (19) unit brick multifamily building comprised of three (3) studio units, thirteen (13) one bedroom units, and three (3) one bedroom with dining room units. The units include hardwood flooring throughout and are separately metered for electric.

The location provides immediate access to transit including I-95 and both West Haven and New Haven Metro North train stations. The property is conveniently located near local amenities including West Haven Beaches & Downtown New Haven & West Haven shopping and dining options. The property is 1 mile to the University of New Haven, 2 1/2 miles to Yale New Haven Hospital. As well as within walking distance to “The Haven,” a proposed 26 acre luxury waterfront Outlet Mall that will bring over 1,000 full- and part-time jobs to the immediate area.

Martin & Main Street Apartments presents a new owner with an ideal value add opportunity. Low cost upgrades to unit finishes and conversion of dining rooms to bedrooms may yield an average $250/month or more in rent increases, supported by comps in the immediate vicinity. A new owner will have the opportunity to leverage the property’s ideal location and attractive architecture to capture desirable tenants moving into the West Haven market including Grad Students, young professionals, Yale Hospital Staff and local university faculty.

Martin & Main Street Offering Memo