$414,900

About This Property

Introducing 1380 State Street, a high-performing two-family investment property delivering strong rental income in one of New Haven's most convenient and accessible locations. This well-maintained multifamily features a desirable unit mix with a two-bedroom apartment on the first floor and a rare five-bedroom unit on the second floor - ideal for maximizing rental demand in a market where larger apartments are consistently sought after. The property currently brings in approximately $44,000 per year in gross rent, providing immediate cash flow and a reliable return from day one. Both units are tenant-occupied with steady rental history, making this a true turnkey opportunity for any investor looking to expand their portfolio with a low-maintenance, income-producing asset. Located in the growing Mill River/State Street district, the home offers excellent proximity to Downtown New Haven, Yale University, East Rock Park, major employers, dining, shopping, and quick access to I-91.The area continues to show strong rental demand, making 1380 State Street a smart long-term investment. Whether you're a seasoned investor or entering the multifamily market, this property checks all the boxes for stability, location, and income potential.