SQUARE FEET6,165
MLS#24154449
STATUSActive
PROPERTY TYPECommercial - Multiple
Property Description
Prime Mixed Use Investment Opportunity in the Heart of New Haven! ***Sale is for the Real Estate only not the business*** Welcome to 423 Whalley Avenue, a well maintained 6 unit mixed use property offering exceptional income potential and strong value add upside. Ideally situated on the corner of Whalley Avenue and Ellsworth Avenue, this 6,100+ sq ft asset features 4 residential apartments and 2 commercial units, currently occupied by the long established Damato's Seafood Restaurant. The residential unit mix includes: * Two (2) - 2BR / 1BA units * One (1) - 3BR / 1BA unit * One (1) - 4BR / 2BA unit (vacant, offering immediate owner user or rent up opportunity) All residential units-aside from the top floor 4BR-are fully occupied, with below market rents providing substantial room for revenue growth. The commercial spaces are fully leased and operating as Damato's Restaurant, a long time neighborhood favorite. Damato's will do a lease back on the space they currently occupy. With a pro forma NOI supporting a potential 7% CAP rate, this property offers both stability and future upside for investors. Additional amenities include a 3 car detached garage, plus a fenced in rear parking lot providing secure parking for tenants and commercial patrons. Whether you're expanding your portfolio or seeking a high performing mixed use asset, 423 Whalley Avenue delivers location, scale, and immediate value add potential in one of New Haven's most active corridors.
Property Features
Property Type: Commercial - Multiple
Cooling: Central Air, Window Unit
Fuel Type: Natural Gas
Heating: Hot Water
Lot Size: 0.25 Acres
Roof Type: Asphalt Shingle
Stories: 3.0
Taxes: $18,516
Year Built: 1976
Feature Descriptions
Ceiling Height: 8
Days on Site: 94
Docks: 0
Lot: Corner Lot, Dry, Level Lot
Potential Use: Multi Unit Apartments
Present Use: Mixed Use - Restaurant and Residential
Road Type: State Road, Municipal Street
Sewer: Public Sewer Connected
Units: 6
Utility Features: Electric, Gas, Cable, Fire Suppression System
Water: Public Water Connected
Listed By / Shown By
Listing By
Agency Name: Coldwell Banker Realty
Agent Name: Joe Scarpellino
Agency Phone: (203) 4814571
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) 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. Information on this site was last updated 06/05/2026. The listing information on this page last changed on 06/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 06/05/2026 12:22:19 AM EST) or GSMLS (last updated Thu 06/04/2026 11:54:28 PM EST) or SMART MLS (last updated Thu 06/04/2026 10:58:44 PM EST) or New York State Alliance MLS (last updated Fri 06/05/2026 12:19:08 AM EST) or Hudson Valley Catskill Region MLS (last updated Fri 06/05/2026 12:11:25 AM EST) or My State MLS (last updated Thu 06/04/2026 11:30:24 PM EST) or Berkshire MLS (last updated Thu 06/04/2026 8:13:03 PM EST) or OneKey MLS (last updated Fri 06/05/2026 12:14:36 AM EST). Real estate listings held by brokerage firms other than Coldwell Banker Choice Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. . Copyright 2021 SmartMLS, Inc.
Privacy Policy / DMCA Notice / ADA Accessibility
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. . Copyright 2021 SmartMLS, Inc.
Privacy Policy / DMCA Notice / ADA Accessibility
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423 Whalley | MLS# 24154449
This commercial property located at 423 Whalley, New Haven, CT 06511 is currently listed for sale with an asking price of $1,395,000. Search New Haven real estate on www.coldwellbankerchoice.com today.