1379 Chapel StNew Haven, CT 06511

This exceptional 7-unit mixed-use investment property in New Haven, CT, presents a compelling opportunity for discerning investors. Located at 1379 Chapel St, this 4,411 square foot building, constructed in 1900, sits on a 4,720 square foot lot and boasts a current 100% occupancy rate, generating a strong net operating income (NOI) of $105,540. The property features a gross lease structure with a remaining lease term of 3 years for a long-term retail tenant. Zoned for business use (BA), this well-maintained building offers a proven track record of consistent tenancy, making it a solid income-generating asset. The asking price is $1,200,000, representing a price per square foot of $272.05 and an attractive 8.80% cap rate. Situated in a vibrant area near Yale University, Elm City Market, and the Chapel Street shopping district, this property benefits from a desirable location and high demand for rental units. The building's prime location, across from Yale New Haven Hospital, ensures consistent tenant interest and strong rental income potential. This is a turnkey investment opportunity in a thriving commercial real estate market.