Mixed-Use Commercial
94 Kimberly Avenue New Haven, CT 06519
For Sale
$449,000
Pending
MULTI_FAMILY - New Haven, CT
Property Size2,584 SF
Lot Size0.11 Acres
Days on Market102
Property Features for 94 Kimberly Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- BA
- Bedrooms
- 3
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 3
- Parking
- 2
- Patio and Porch features
- Porch
- Exterior features
- Sidewalk,Porch,Gutters
- Standard status
- Pending
- Size
- 2,584 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7003
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Architectural style
- Other
Listing Agency:
Keller Williams Realty Prtnrs.
(203) 459-4663
Listed By:
Valerie King
(203) 449-9846
Added: Apr 14
Changed: Jul 15
Last Checked: Jul 24 at 3:06PM
MLS# 24167189
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 mixed-use commercial building offers a main level with two separate retail spaces and a second and third floor residential layout. The main level includes two half-bath setups, shared access to a laundry room with two washer/dryer hook-ups, and prior use as a beauty salon/barber shop and training center. The second-floor apartment provides just under 900 square feet with two bedrooms, one full bathroom, a living room, and an eat-in kitchen, along with a bonus alcove off one bedroom suitable as an office or sitting room. The third-floor apartment features just under 600 square feet with one bedroom, a split bathroom, a living room, and a spacious eat-in kitchen.
The property is situated on a corner lot adjacent to Galvin Park, with easy access to Downtown New Haven and Yale University. Additional amenities include off-street parking and a fenced backyard. Owner updates mentioned include plumbing, roofing, flooring, smart locks, and Ring cameras, and the units are described as ready for new occupancy. Zoning is listed as BA.
The property is situated on a corner lot adjacent to Galvin Park, with easy access to Downtown New Haven and Yale University. Additional amenities include off-street parking and a fenced backyard. Owner updates mentioned include plumbing, roofing, flooring, smart locks, and Ring cameras, and the units are described as ready for new occupancy. Zoning is listed as BA.
Key Highlights
- Mixed‑use corner lot property adjacent to Galvin Park with off‑street parking and fenced backyard
- Main level includes 2 retail spaces, each with a half bathroom and access to a shared laundry room with 2 washer/dryer hook‑ups
- Second‑floor apartment is just under 900 SF with 2 bedrooms, 1 full bathroom, living room, and eat‑in kitchen plus bonus alcove
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 | $78.5k | $30.36 |
| − Vacancy | −$4.9k | −$1.88 |
| EGI | $73.6k | $28.48 |
| − OpEx | −$33.1k | −$12.81 |
| NOI | $40.5k | $15.66 |
2,584 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$621.3K
$543.7K – $724.9K
NOI $43,494 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$578.2K
$505.9K – $674.5K
NOI $40,472 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$831.2K
$727.3K – $969.8K
NOI $58,185 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hair & Nail Bar
Hair Salon
Clary Nails
Nail Salon
FAQs
What type of property is this?
Duplex - Updated mixed-use building with two retail spaces and two apartments plus off-street parking and fenced backyard.
Where is this duplex located?
The property is located at 94 Kimberly Avenue New Haven, CT.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Mixed‑use corner lot property adjacent to Galvin Park with off‑street parking and fenced backyard; Main level includes 2 retail spaces, each with a half bathroom and access to a shared laundry room with 2 washer/dryer hook‑ups; Second‑floor apartment is just under 900 SF with 2 bedrooms, 1 full bathroom, living room, and eat‑in kitchen plus bonus alcove
