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Excellent opportunity to add an income-producing two-family property to your investment portfolio. This multifamily property offers established tenancy, separate tenant-paid utilities, and the potential for increased income over time. Each unit is equipped with its own Navien heating system, installed in 2025, providing independent heating and added efficiency. Fully occupied with tenant paid utilities, this property offers an appealing investment opportunity with manageable operating expenses and future upside. Even more attractive, 42 N First St can be purchased individually or as a package with the neighboring property at 38 N First St, presenting a unique opportunity to acquire two adjoining multifamily properties and expand your investment portfolio.
| DAYS ON MARKET | 1 | LAST UPDATED | 11/4/2026 |
|---|---|---|---|
| YEAR BUILT | 1890 | COUNTY | New Haven |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Per Board of Ed |
|---|---|
| High School | Per Board of Ed |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| BASEMENT | Full, Yes |
| CONSTRUCTION | Frame, Vinyl Siding |
| HEAT | Hot Water, Natural Gas |
| LOT | 7405 sq ft |
| LOT DESCRIPTION | Level |
| SEWER | Public Sewer |
| STYLE | Units on different Floors |
| TAXES | 4814 |
| WATER | Public |
| ZONING | R-3 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing courtesy of eXp Realty
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This IDX solution is (c) Diverse Solutions 2026.