Baldwin Pearson & Co., Inc. is pleased to present 171 Chestnut Street, New Haven, CT to the market. This well-located multifamily asset is situated on a quiet, tree-lined side street in New Haven’s highly sought-after Wooster Square neighborhood, offering investors a stable, income-producing property with strong long-term appreciation potential.

The property is comprised of four spacious two-bedroom apartments along with a rare and highly valuable private four-car rear garage, a true differentiator in this submarket. 171 Chestnut Street delivers stable cash flow with immediate, meaningful upside potential in a neighborhood that has experienced substantial residential rent growth over the past several years. Select lease expirations and flexible tenancy also create the opportunity for owner-user occupancy of one or more units, while maintaining strong in-place income.

Opportunities to acquire multifamily assets in Wooster Square are increasingly scarce, making 171 Chestnut Street an exceptional offering in one of Connecticut’s strongest and most desirable rental markets.

Select Property Highlights:

• Significant upside potential across all residential units
• The building is in excellent condition and is separately metered for all utilities
• Premier Wooster Square location offering a quiet residential setting within walking distance to renowned dining, nightlife, and the neighborhood park
• Rare private rear four-car garage, providing added income potential and tenant appeal
• Basement laundry and storage lockers on site