15 Colby Court,New Haven, CT 06515
New Haven, CT 06515
Description
This newly constructed four-unit townhome asset presents a rare opportunity to acquire a core-plus multifamily property in the New Haven market. Built by a reputable local developer, the property is offered as a single investment asset, ideal for investors seeking stable long-term cash flow with future upside. Each of the four townhome-style units is approximately 2,500 square feet and configured with 4 bedrooms and 3.5 bathrooms. Features include hardwood flooring, tiled bathrooms, central air, stainless steel appliances, in-unit laundry, private decks, and one-car garages. Each unit is separately metered for utilities, supporting efficient management and expense control. Guest parking is also included for added convenience. The property will convey as a single asset with no existing condominium association in place. A future condo conversion may offer additional exit flexibility and potential value enhancement. Located within 7-11 minutes of Yale University, Southern Connecticut State University, and the University of New Haven, the property benefits from consistent rental demand driven by nearby universities, faculty, and medical professionals. Projected market rents are $4,500 per unit per month, supporting an estimated gross annual income of approximately $216,000 based on current assumptions.
Details
| MLS # | 24176677 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2026 |
| Days On Site | 140 |
| Listing Provided By | HomeSmart Homes and Estates | Michael Bachmann |
Features
| Bed(s) | 16 |
|---|---|
| Bath(s) | 16 Total |
| SQ Feet | 10,000 |
| Garage | 4 |
| Units | 4 |
| Zoning | RM1 |
| Acreage | 0.19 |
Interior
| Total Rooms | 28 |
|---|---|
| Cooling System | Heat Pump |
| Laundry Room Info | All Units Have Hook-Ups |
Exterior
| Exterior Features | Sidewalk, Deck, Gutters, Lighting |
|---|---|
| Roof Information | Asphalt Shingle |
| Foundation Type | Concrete |
Parking
| Garage & Parking | Under House Garage, Paved, Off Street Parking, Driveway |
|---|---|
| Garages Number | 4 |
| Parking Total Spaces | 16 |
Utilities
| Sewage System | Public Sewer Connected |
|---|
Taxes
| Tax Year | July 2026-June 2027 |
|---|---|
| Property Tax | 12529 |
Area Information
| State | CT |
|---|---|
| County | New Haven |
| City | New Haven |
| Zip Code | 06515 |
| Area | Westville |
| School District | Per Board of Ed |
| Elementary School | Per Board of Ed |
| High School | Per Board of Ed |
| Listing VS Median (in 06515) | |
Price: $1,750,000 low | high Med: $2,850 sqft: 10,000 low | high Med: 1,337 $ / sqft: $175 low | high Med: $2 On site: 140 low | high Med: 12 | |
Market Activity 06515
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Learn More About This Property
| State | CT |
|---|---|
| County | New Haven |
| City | New Haven |
| Zip Code | 06515 |
| Area | Westville |
| School District | Per Board of Ed |
| Elementary School | Per Board of Ed |
| High School | Per Board of Ed |
| Listing VS Median (in 06515) | |
Price: $1,750,000 low | high Med: $2,850 sqft: 10,000 low | high Med: 1,337 $ / sqft: $175 low | high Med: $2 On site: 140 low | high Med: 12 | |