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Fully Rented Two-Family Duplex

19 Morris Street New Haven, CT 06519

19 Morris Street, New Haven, CT, 06519
$390,000
For Sale
Claim this Listing
$390,000

MULTI_FAMILY - New Haven, CT

Property Size2,122 SF
Lot Size0.14 Acres
Price / SF$183.79
AddedMay 10
Days on Market67
Last RefreshJul 15 at 6:06 pm

Property Features for 19 Morris Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
5
Bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 4, Basement
Parking
10
Basement
Full
Standard status
Active
Size
2,122 SF
Lot size
0.14 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
5274

Utilities

Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public

Building Details

Year built
1930
Architectural style
Other

Listing agent Xiaoming Li

Listing office Real Broker CT, LLC 100 Pearl Street, 14th Floor, Hartford, CT

Listing date May 10, 2026

MLS# 24174368 Listing URL

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 fully rented two-family duplex includes a newly remodeled downstairs 2-bedroom unit with an in-unit washer/dryer and basement access. The upstairs unit offers a larger 3-bedroom layout. For heating and hot water, the property is equipped with efficient natural gas heating and individual electric water heaters for each unit. The building also features a generous 3-car garage that is currently rented, providing additional parking and storage.

The property is located on a dead-end road at 19 Morris Street in New Haven, CT. It is described as being conveniently near public transportation lines and offering easy access to I-95.

For buyers and investors seeking a tenant-occupied asset, this configuration provides two separate residential units with practical in-unit convenience on the lower level and dedicated water-heating equipment for each unit. The additional rented garage space can also support tenant parking needs and improve day-to-day functionality for the overall property.

Key Highlights

  • Fully rented two‑family with downstairs newly remodeled 2‑bedroom unit and upstairs 3‑bedroom unit
  • Each unit has individual electric water heaters; efficient natural gas heating
  • Washer/dryer included in the downstairs unit; basement access

Local Financial Insights For Multifamily LT 5

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 $54.7k $25.80
− Vacancy −$3.7k −$1.75
EGI $51.0k $24.05
− OpEx −$15.3k −$7.21
NOI $35.7k $16.83
2,122 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$510.2K
$446.5K – $595.3K (±1% cap)
NOI $35,717 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$474.8K
$415.5K – $553.9K (±1% cap)
NOI $33,236 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$682.6K
$597.3K – $796.4K (±1% cap)
NOI $47,782 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Plumbing Service Accounting Firm Storage Facility (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Florist Acupuncture Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two income units with a newly remodeled lower 2-bedroom and larger upstairs 3-bedroom layout; separate utilities for each unit.
Where is this duplex located?
The property is located at 19 Morris Street New Haven, CT.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Fully rented two‑family with downstairs newly remodeled 2‑bedroom unit and upstairs 3‑bedroom unit; Each unit has individual electric water heaters; efficient natural gas heating; Washer/dryer included in the downstairs unit; basement access
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