Active

48 Dixwell Avenue

New Haven CT, 06511

$2,100,000


$428.57 per sqft

Active

2 Baths

4,900 sqft

Commercial

Built in 1940

Portfolio sale offering a rare investment opportunity at Yale University! Two abutting properties at 48 and 54 Dixwell Avenue, 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 complete. Currently fully occupied by Yale athletes, generating a gross monthly income of $11,000 and annual net income of $100,000+.

24070069

MLS ID

January 22, 2025

Listed

January 23, 2025

Updated

Map

48 Dixwell Avenue
New Haven CT, 06511

Interior Features

Total Bathrooms

2


Full Bathrooms

2


Fireplace

No


Cooling

Yes


Cooling Description

Heat Pump


Heating

Yes


Heating Description

Electric, Heat Pump

Exterior/Building Features

Lot Size

0.12 Acres


Lot Features

Cleared


Roof

Rubber


Sewer

Public Sewer

Other Property Details

Area Name

N/A


Taxes

$16,938


Tax Frequency

Annually


Days on Market

1


Garage

No


View

No


County

New Haven


Water Source

Public


Pool

No


Zoning

RM2

Listed by Joe Scarpellino with Coldwell Banker Realty

Listing Contact: 2036234422 

The IDX display contains information sourced from the  Smart MLS, Inc as of 1/23/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 1/23/2025 at 2:07 PM UTC

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