Smart MLS #24069014
48 Dixwell Ave,
New Haven, CT 06511
☆
For Sale
Multi-Family Home$1,750,000
2 Units · 5973 Sqft
****price reduction is for 48 dixwell ave only now*** 48 dixwell is located within a 2-minute walk to yale's payne whitney gym, a 3-minute walk to yale's broadway shopping district and the apple store, and a 4-minute walk to the upcoming dixwell plaza - new haven's newest shopping and entertainment district (see picture). when fully developed consolidated site capable of generating $1 million+ in annual gross income. opportunity is ideal for investors seeking high returns, long-term capital appreciation, and an opportunity to engage in ground-up development in one of new haven's most strategically positioned areas. serious buyers are required to provide proof of funds (pof) before scheduling property viewings. a fully reconstructed four-story, two-family complex, with a ground-up renovation completed in 2021. each unit features four bedrooms and two full bathrooms. high-end finishes include walk-in tiled showers, wall-hung toilets, and stainless steel appliances. top-of-the-line lg red mini split heating and cooling systems. two levels white-box finished, offering easy-to-convert space to commercial or additional residential units. 48 dixwell phase 1 completed. currently fully occupied by yale athletes, generating a gross monthly income of $11,000 and annual net income of $113,500 bringing the cap rate to over 6.5%.
Map
Listing
Market Stats
- List $1,750,000
- Original $2,100,000
- 65 Days on Market
Real Estate Agent
Details
Building
- Built 1910
- 2 Units
- 8 Beds
- 4.00 Baths
- 0 Fireplaces
- Full Basement, Fully Finished Basement
Sqft
- 5973 Total Sqft
Lot / Land
- 0.12 Acres
- 900 Neighborhood
- Level Lot
Other
- 0 Garages
Utilities
- Heap Pump
- Electric
- Public Water
- Natural Gas Hot Water, Tankless Hot Water
- Public Sewer Avail
Financials
- $126,000 Gross Income
- $98,000 Net Income
- $28,000 Expenses
Taxes
- Assessment $439,950
- Mill Rate 38.50
- Taxes $16,938
- Parcel Num 1253378
Schools
Elementary
- Per Board of Ed
Middle
- Per Board of Ed
Intermediate
- Per Board of Ed
High
- Per Board of Ed
Mortgage Calculator
- 30yr Fixed-Rate Loan
- 6.83% Interest
- Purchase Price $1,750,000
- Down Payment $350,000 (20.00%)
Estimated Payment with
30yr Fixed Rate Mortgage
30yr Fixed Rate Mortgage
Monthly
$10,566
$10,566
Monthly Est. $10,566
Yearly Est. $126,797
30yr Est. $3,803,921
Share this Listing ..
This real estate listing for sale at 48 Dixwell Ave has 8 bedrooms, 4.00 bathrooms, and was built in 1910. It is located in the New Haven, Connecticut area with the 06511 zip code. For more info about the property at 48 Dixwell Ave, New Haven, CT 06511 United States or if you would like to schedule a showing, please contact the listing agent above.
Disclaimer: This data was sourced from Smart MLS and was last updated 2025-03-28 12:00:41. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.
Disclaimer: This data was sourced from Smart MLS and was last updated 2025-03-28 12:00:41. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.