Updated Two-Unit Duplex with Finished
For Sale
$375,000
Pending
188 Hazel Street, New Haven, CT 06511
MULTI_FAMILY - New Haven, CT
Property Size2,108 SF
Lot Size0.11 Acres
Days on Market47
Property Features for 188 Hazel Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Basement, Bathroom 1, Bedroom 4
Parking
2
Patio and Porch features
Porch
Exterior features
Porch
Basement
Full, Unfinished
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Dixwell Ave to Hazel St
Subdivision
Newhallville
Standard status
Pending
Size
2,108 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
5514
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating)
Water source
Public
Amenities
basement with laundry
Building Details
Year built
1900
Architectural style
Other
Listing Agency:
Higgins Group Real Estate
(203) 301-4844
Listed By:
Paola Dominguez
(203) 561-8824
Added: Jun 16
Changed: Jul 31
Last Checked: Aug 1 at 12:06PM
MLS# 24184239
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated two-unit duplex is set up for flexible living or rental use, with each apartment offering two bedrooms and a full bath. The top unit includes access to a fully finished attic, which provides a 5th bedroom plus a flexible open area that can serve as a home office, media room, or additional living space.
The property sits on a 0.11-acre lot and includes a porch and a two-car driveway. A basement with laundry supports day-to-day convenience. Public utilities are available with public water and public sewer, and the home was built in 1900.
With a total of 2,108 square feet of space, this residence offers a straightforward two-family layout and a usable finished-attic area that can add versatility to either unit’s footprint.
The property sits on a 0.11-acre lot and includes a porch and a two-car driveway. A basement with laundry supports day-to-day convenience. Public utilities are available with public water and public sewer, and the home was built in 1900.
With a total of 2,108 square feet of space, this residence offers a straightforward two-family layout and a usable finished-attic area that can add versatility to either unit’s footprint.
Key Highlights
- 0.11‑acre lot with 2,108 square feet in a two‑unit duplex
- RM2 zoning with public water and public sewer
- Each unit has two bedrooms and a full bath
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.0k | $30.36 |
| − Vacancy | −$4.0k | −$1.88 |
| EGI | $60.0k | $28.48 |
| − OpEx | −$27.0k | −$12.81 |
| NOI | $33.0k | $15.66 |
2,108 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$506.9K
$443.5K – $591.4K
NOI $35,482 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$471.7K
$412.7K – $550.3K
NOI $33,017 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$678.1K
$593.3K – $791.1K
NOI $47,466 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
Explore this area
Business Placement
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - RM2 zoned duplex with two bedrooms and full bath per unit, plus porch, basement laundry, and finished-attic expansion space.
Where is this duplex located?
The property is located at 188 Hazel Street New Haven, CT.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 0.11‑acre lot with 2,108 square feet in a two‑unit duplex; RM2 zoning with public water and public sewer; Each unit has two bedrooms and a full bath
