38 Bishop Street
New Haven, Connecticut 06511
- Beds
- 18
- Baths
- 6
- SqFt
- 9,072
- Acres
- 0.18
- Year Built
- 1900
- Neighborhood
- East Rock
- Property Type
- 5+ Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
The East Rock Investment property of your dreams! The building features over 9000 SQ FT of living space spread across 6 large three bedroom, 1 bath apartments. The building is currently bringing in over $277,000 of income with a net income of $211,011 with an 8.14 cap rate. The building has a ton of value with added potential with renovations to kitchens and baths. Low maintenance building with no driveway or off street parking and nice rear lot. The building has separate metered gas heating and electric, but hot water is included. Huge basement with washer and dryer for tenant use. Don't miss this great opportunity.
Key Facts
- City/Town
- New Haven
- Neighborhood
- East Rock
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1900
- Days on Market
- 26 days
- Beds
- 18
- Baths
- 6 full
- Living Area
- 9,072 sq ft
- Lot Size
- 0.18 acres
- Property Taxes
- $20,111 / Annually
Market Snapshot
The New Haven Market
Multi-Family · trailing 12 months
Active Listings
61
64 under contract
Median List Price
$599,900
61 active listings
Median Closed Price
$475,000
293 sales
Median Days on Market
41
61 active listings
Median $ / Sq Ft
$212
61 active listings
Sale-to-List Ratio
100.1%
293 sales
How this home compares
List Price
$2.60M
vs $599,900 median
4.3× the median
Price / Sq Ft
$286
vs $212 median
34.9% above median
Days on Market
26 days
vs 41 days median
15 days fresher than median
Based on 61 active and 293 closed sales (trailing 12 mo) of multi-family in New Haven. Source: SmartMLS · As of July 28, 2026.
Location
38 Bishop Street, New Haven, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$13,231
- Property Taxes$1,676
- Insurance$865
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- New Haven
- Neighborhood
- East Rock
- County
- New Haven
Residence
- Property Type
- Multi-Family
- Subtype
- 5 Family+
- Style
- Units on different Floors
- Year Built
- 1900
- New Construction
- No/Resale
- Living Area
- 9,072 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Hot Water
- Heat Fuel
- Natural Gas
- Cooling
- None
- Basement
- FullUnfinished
Exterior & Lot
- Lot Size
- 0.18 acres
- Zoning
- RM2
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Roof
- Flat
- Foundation
- Concrete
- Lot Description
- Level Lot
Listing & Financials
- Property Taxes
- $20,111 / Annually
- Days on Market
- 26
- MLS #
- 24187163
- MLS Status
- Active
Similar Properties
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 7/28/2026 at 4:25 AM UTC.