1435 State Street, New Haven, Connecticut

$4,950,000

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4

Baths

19,860

Square feet

1.40

Acres

About 1435 State Street

Rare opportunity to acquire a beautifully restored 21-unit multifamily asset in New Haven's sought-after East Rock neighborhood. Once home to the YMCA and historic Railroad Boarding House, this timeless brick building blends classic architecture with modern luxury and a true sense of community. The unit mix includes 6 studios, 10 one-bedrooms, and 5 two-bedrooms (some with two baths), all featuring granite countertops, stainless steel appliances, in-unit washer/dryers, and individual heating, hot water, and central air. Four ground-floor units offer private rear entrances for added convenience and privacy. Outdoor amenities include six EV charging stations set on handsome pavers, community garden boxes, and a picnic area that enhances the building's inviting atmosphere. Additional features include secure access, a fitness room, and off-street parking. Ideally located minutes from Yale University, East Rock Park, downtown, and area restaurants and shops. Tenant-paid utilities and an assumable Freddie Mac loan at 3.8% (1% assumption fee) make this a turnkey, efficient investment in one of Connecticut's strongest rental markets.

Features of 1435 State Street

MLS® # 24135654
Price $4,950,000
Bathrooms 4.00
Full Baths 4
Square Footage 19,860
Square Footage Public Records
Acres 1.40
Type Commercial For Sale
Status Active

Community Information

Address 1435 State Street
Area N/A
City New Haven
County New Haven
State Connecticut
Zip Code 06511

Amenities

Utilities Electric, Gas
Is Waterfront No
Has Pool No

Interior

Heating Hot Air, Gas In Street
Cooling Central Air
Fireplace No
# of Stories 3
Has Basement No

Exterior

Lot Description Level Lot
Roof Flat

Additional Information

Date Listed October 24th, 2025
Days on Market 12
Zoning BA
RE / Bank Owned No

Listing Details

OfficeCentury 21 AllPoints Realty

Listing Map

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Listing information last updated on November 5th, 2025 at 10:35am EST.