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15 Colby Ct
New Haven, CT 06515 Westville

$1,750,000 USD

Apartments For Sale  •  10,000 SF

Property Details

• Property Type Apartments
• Total Building Size 10,000 SF
• Lot Size 0.22 AC
• Building Class B
• Year Built 2026
• Cap Rate 9.14 %
• Zoning R

40 Transit Score

40 Walk Score

Highlights

Core-Plus New construction 4-unit townhome asset totaling approx. 10,000 GSF

Four identical, modern townhome-style units (~2,500 SF each)

Strong rental demand location near Yale, SCSU, and University of New Haven

Future condo conversion potential offering additional exit flexibility

Real estate taxes phased in over 5 years

Projected gross annual income: $204,000–$216,000

Financial Summary (Proforma)

Net Operating Income: $159,900 USD (2026)

Cap Rate:	9.14 %
Total Expenses:	$22,500 USD

Amenities

• 24 Hour Access
• Air Conditioning
• Laundry Facilities
• Tenant Controlled HVAC
• Washer/Dryer Hookup
• Heating
• Gas Range
• Tile Floors
• Oven
• Stainless Steel Appliances
• Storage Space
• Bicycle Storage
• Deck
• Island Kitchen
• Large Bedrooms
• Walk-Up
• Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
New Haven-State Street Station (New Haven Line - Metro-North Commuter Railroad Company (Metro-North))	7 min	-	3.7 mi
	8 min	-	4.3 mi
Airport	Drive	Walk	Distance
Tweed/New Haven	18 min	-	7.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes