1380 State St

3,101 Sq. Ft.
$134 / Sq. Ft.
3,101
Sq. Ft.
$134
per Sq. Ft.

Description

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...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.
  1. Listed by Javyn Roundtree • Roundtree Realty LLC
    P: (475)-227-4312 C: (475)-227-4312 roundtree098@gmail.com
  2. Listed by Aharon Cowen • Roundtree Realty LLC
    P: (475)-227-4312 C: (747)-252-3955 aharonzelig@gmail.com

Property Details for 1380 State Street

Basement Description
Full, Unfinished
Direct Waterfront
No
Neighborhood
Fair Haven
Style
Units on different Floors
Swimming Pool
No
LISTING UPDATED: 01/20/2026 08:33 PM

Property Details for 1380 State Street

StatusActive
MLS #24142805
Days on Market86
Taxes$6,445 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 2 Family
Year Built1900
Lot Size0.10 AC / 4,356 SF
CountyNew Haven County

Location

Listing Courtesy of Roundtree Realty LLC, Javyn Roundtree; Roundtree Realty LLC, Aharon Cowen
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Building Information for 1380 State Street

Stories-Residences2Year Built1900Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

$2,559 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,022

Property Taxes

$537

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1380 State Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Knock on tenants door
  • Elementary School: Lincoln Bassett
  • Flood Zone: No
  • High School: James Hillhouse
  • Intermediate School: Per Board of Ed
  • Latitude: 41.320807
  • Longitude: -72.897729
  • Middle Jr High School: Per Board of Ed
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $6,445
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Finished, Walk-up
  • Cooling System: None
  • Heat Type: Hot Air
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Rooms Total: 14
Property
Property and Assessments
  • Color: Biege
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 3101
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 1243934
  • Sq Ft Est Heated Above Grade: 3101.0
  • Sq Ft Total: 3101.0
  • Zoning: BA
Utilities
  • Heat Fuel Type: Natural Gas, Oil
  • Hot Water Description: Natural Gas, Domestic
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Income: 44100
  • Occupied By: Tenant
  • Total Number of Units: 2
  • Total Rooms Multi Family: 14
Unit 1
  • Lease: Monthly
  • Lease Expires: 09-30-2025
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 12-01-2025
  • Unit Monthly Rent: $1,450
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 08-31-2026
  • Unit Entry Order: 2
  • Unit Full Baths: 2
  • Unit Modified Date: 12-01-2025
  • Unit Monthly Rent: $2,225
  • Unit Num Bedrms: 5
  • Unit Num Rooms: 9
  • Unit Occupied By: Tenant

Property History for 1380 State Street

DateEvent & SourcePriceAppreciation
Jun 23, 2021

Closed (Public Record)

Public Record #1465584318

$227,000

+6.2% / yr

Jan 5, 1995

Closed (Public Record)

Public Record #92348352

$46,000—
DateEvent & SourcePrice
06/23/2021

Closed (Public Record)

Public Record #1465584318

$227,000

+6.2% / yr

01/05/1995

Closed (Public Record)

Public Record #92348352

$46,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1380 State Street

Taxable ValueLand$26,740Additions$136,850Total$163,590
Tax Record2024$6,445 ($537 / month)
Home Facts
Baths3Total Finished SqFt3,101 SqFtAbove Grade Finished SqFt3,101 SqFtUnfinished Basement SqFt1,170 SqFtStories3Lot Size4,140 SqFtStyleDuplexYear Built1900ZoningBACountyNEW HAVENAPNNHVN M:170 B:0476 L:00800

Schools near 1380 State Street

This home is within New Haven School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 6 to 12
Public - PK to 4
Rating
School
Distance
East Rock Community Magnet School
PublicPK to 8

Hyde Leadership School
Public9 to 12

West Rock Author's Academy
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1380 State Street is a multi-family home for sale in New Haven, CT 06511. This property was listed for sale on November 13, 2025 by Roundtree Realty LLC, it's currently listed at $414,900. It has been on the market for a total of 86 days and was last sold on June 23, 2021. This listing's school district is New Haven School District. Nearby schools include East Rock Community Magnet School, Hyde Leadership School and Engineering and Science University Magnet School. 1380 State Street is a 7-bed, 3-bath, 3,101 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Roundtree Realty LLC, Javyn Roundtree; Roundtree Realty LLC, Aharon Cowen

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.