Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28 Terrace Ave West Haven, CT 06516

    Sponsored
    For Sale
    $408,500

    MULTI_FAMILY - West Haven, CT

    Property size:
    1,459 SF
    Lot size:
    0.19 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 18 at 5:06 pm

    Property Features for 28 Terrace Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R3
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 2, Basement, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 5
    Bedrooms
    6
    Bathrooms
    2
    Parking
    6
    Basement
    Full
    Size
    1,459 SF
    Lot size
    0.19 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1920

    We can help!

    Listing Contact
    Regina Sauer

    Wareck D'Ostilio Real Estate LLC (203) 787-7800

    Listing agent Regina Sauer (203) 701-4848

    Listing date Feb 18, 2026

    MLS# 24141800

    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.

    Learn more

    Property Insight Report

    Overview

    West Haven Multifamily Near UNH

    This two-family property is located steps from the University of New Haven. The first floor features a living room, kitchen, one ensuite bedroom, two additional bedrooms, a full bath, and a laundry room. The second floor includes a kitchen, three bedrooms, and a full bath. The finished walk-out basement provides additional living space. The roof is approximately 6 years old, and the HVAC system is approximately 7 years old. A new driveway has been installed. The property is zoned R3 and situated on a lot of 0.19 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    West Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.959576
    Latitude
    41.28719

    Nearby Similar for Sale

    • New
      $405,000
      3,098 SF

      West Haven Multifamily Property

      Two-family home with hardwood floors and separate utilities.
      126 Richards Pl, West Haven, CT 06516
      View Details
    • $550,000
      2,226 SF

      West Haven Two-Family Home

      Well-maintained two-family home in West Haven, perfect for investors.
      90 Blohm St, West Haven, CT 06516
      View Details
    • New
      $540,900
      3,328 SF

      West Haven Multifamily Investment Opportunity

      Fully rented two-unit property near University of New Haven.
      155 Lamson St, West Haven, CT 06516
      View Details
    • $6,500,000
      54,448 SF

      West Haven Commercial Opportunity

      Commercial property with multiple buildings and potential for various uses.
      315 Morgan Ln, West Haven, CT 06516
      View Details
    • $849,900
      5,852 SF

      West Haven Mixed-Use Opportunity

      High-potential TOD zone mixed-use property in busy downtown West Haven.
      17 Wagner Pl, West Haven, CT 06516
      View Details
    • $2,400,000
      18,675 SF

      West Haven Medical/Professional Office Building

      Medical/Professional office building for sale in West Haven, CT.
      687-689 Campbell Ave, West Haven, CT 06516
      View Details
    • $2,450,000
      Pending

      West Haven Industrial Investment Opportunity

      26,500 SF industrial space with multi-tenant potential near I-95.
      755 1St Ave, West Haven, CT 06516
      View Details
    • Contact for pricing

      Take 5 Oil Change Investment

      NNN leaseback property with strong national tenant in West Haven.
      1083 Orange Ave, West Haven, CT 06516
      View Details
    • Contact for pricing

      Hampton Inn & Suites Opportunity

      98-room Hampton Inn & Suites in West Haven, Connecticut.
      510 Saw Mill Rd, West Haven, CT 06516
      View Details
    • $1,250,000

      Banquet Facility For Sale

      8,100 sqft banquet facility, fully equipped, renovated in 2010.
      37 Orlando St, West Haven, CT 06516
      View Details
    • $439,900

      West Haven Triplex Investment Opportunity

      Triplex in West Haven near beaches and town center.
      88 William St, West Haven, CT 06516
      View Details
    • $475,000

      Downtown Triplex Investment Opportunity

      Prime downtown triplex near hospital and university with strong income.
      941 Campbell Ave, West Haven, CT 06516
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family property near UNH with finished basement.
    Where is this duplex located?
    The property is located at 28 Terrace Ave West Haven, CT.
    What is the asking price?
    The asking price for this property is $408,500.
    What are key features of this property?
    This property features: - Steps to UNH (University of New Haven); - Two-family property; - Finished walk-out basement offers additional living space
    (203) 701-4848
    Request Owner's contact information
    28 Terrace Ave West Haven, CT 06516
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    28 Terrace Ave
    West Haven, CT 06516
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    28 Terrace Ave West Haven, CT 06516
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Regina Sauer
    (203) 701-4848 (203) 494-3421
    Learn more
    Google sign-in failed. Please try again or use another login method.