48 Kensington St New Haven, CT 06511
Dwight NeighborhoodEstimated payment $4,056/month
Total Views
17,334
9
Beds
4.5
Baths
3,404
Sq Ft
$176
Price per Sq Ft
Highlights
- 0.27 Acre Lot
- Hot Water Circulator
- Hot Water Heating System
- Attic
About This Home
Seize this exceptional investment opportunity in New Haven with a fully occupied 4-unit property strategically located just minutes from downtown, Yale University, major hospitals, highways, and professional medical offices. This property's proximity to Yale New Haven Hospital's St. Raphael campus and its location in an emerging market make it a prime choice for investors seeking steady returns and future appreciation. With stable, long-term tenants, most residing for over 10 years, this property offers a proven track record of consistent rental income. Tenants enjoy the convenience of being steps from major bus lines and the added benefit of off-street parking at the back of the building, a rare and valuable amenity in this area. The property is designed for efficiency and profitability, with separate gas and electric meters for each unit. Recent updates include a fully remodeled first-floor front unit with fresh paint, refinished hardwood floors, new vinyl plank flooring in the kitchen and bathroom, a new refrigerator, range, and private in-unit washer/dryer connections. Additional improvements include two new living room windows and a new water heater. Take advantage of ongoing infrastructure changes and increased demand in this thriving area. With its unbeatable location and strong potential for long-term appreciation and rent growth, 48 Kensington St is the perfect addition to any investor's portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,565
Year Built
- Built in 1900
Lot Details
- 0.27 Acre Lot
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
- Masonry
Interior Spaces
- 3,404 Sq Ft Home
- Attic or Crawl Hatchway Insulated
Bedrooms and Bathrooms
- 9 Bedrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Crawl Space
Utilities
- Air Source Heat Pump
- Hot Water Heating System
- Heating System Uses Natural Gas
- Hot Water Circulator
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 1255245
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,565 | $222,460 | $40,180 | $182,280 |
| 2023 | $8,276 | $222,460 | $40,180 | $182,280 |
| 2022 | $8,843 | $222,460 | $40,180 | $182,280 |
| 2021 | $5,492 | $125,160 | $16,100 | $109,060 |
| 2020 | $5,492 | $125,160 | $16,100 | $109,060 |
| 2019 | $5,379 | $125,160 | $16,100 | $109,060 |
| 2018 | $5,379 | $125,160 | $16,100 | $109,060 |
| 2017 | $4,462 | $115,360 | $16,100 | $99,260 |
| 2016 | $3,842 | $92,470 | $19,250 | $73,220 |
| 2015 | $3,842 | $92,470 | $19,250 | $73,220 |
| 2014 | $3,842 | $92,470 | $19,250 | $73,220 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/13/2025 01/13/25 | For Sale | $599,900 | +26.3% | $176 / Sq Ft |
| 02/20/2024 02/20/24 | Sold | $475,000 | -4.8% | $140 / Sq Ft |
| 01/10/2024 01/10/24 | Pending | -- | -- | -- |
| 11/28/2023 11/28/23 | For Sale | $499,000 | -- | $147 / Sq Ft |
Source: SmartMLS
Similar Homes in New Haven, CT
Source: SmartMLS
MLS Number: 24067971
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