Two-Unit Duplex with Separate
102 Essex, New Haven, CT 06513
For Sale
New
$485,000
Two three-bedroom apartments offer distinct utility service and updated interiors in a two-family residential property.
Property Size1,965 SF
Price / SF$240.58
Days on Market4
Property Features for 102 Essex
General Information
Standard status
Size
Property subtype
Occupancy
Lease Term
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Seabury Hill REALTORS
(203) 562-1220
Listed By:
Carlos Wells · License #RES.0815866
(203) 314-8344
Source:
Iverty
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seabury Hill REALTORS
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Investment Insights
Based on property information with market context.
This 1965 duplex contains two apartments, each configured with three bedrooms, for 2,016 square feet of combined living area. Both units have new flooring and updated bathrooms. Separate utilities serve the apartments, and the property is zoned RM1.
A water heater was installed in 2022, and the roof was replaced in 2016. Both apartments are currently leased; one unit is scheduled to become available in January 2027.
A water heater was installed in 2022, and the roof was replaced in 2016. Both apartments are currently leased; one unit is scheduled to become available in January 2027.
Key Highlights
- Two 3‑bedroom apartments totaling 2,016 square feet
- Separate utilities for each apartment
- Both units feature new flooring and updated bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,933
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,660
$678.7K
Cap Rate 7%
$484,757
$484.8K
Cap Rate 9%
$377,033
$377.0K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$52.0K $25.80/SF
− Vacancy
−$3.5K −$1.75/SF
EGI
$48.5K $24.05/SF
− OpEx
−$14.5K −$7.21/SF
NOI
$33.9K $16.83/SF
Area
New Haven, CT
Vacancy
6.80%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,660
Cap Rate 7%
$484,757
Cap Rate 9%
$377,033
Alternative Uses
Best Use
Multifamily LT 5
$484.8K
$424.2K – $565.6K
NOI $33,933 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$451.1K
$394.7K – $526.3K
NOI $31,576 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$648.5K
$567.4K – $756.6K
NOI $45,395 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
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Business Placement
Demographics for 06513, CT
38,618
Population
17,006
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
7.2 sq mi
ZIP Area
5,364
Density / Sq Mi
$46,520
Median Household Income
$38,369
Median Earnings
$1,208
Median Rent
$226,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Haven, CT
Properties on Market for Duplexes in New Haven
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom apartments offer distinct utility service and updated interiors in a two-family residential property.
Where is this duplex located?
The property is located at 102 Essex New Haven, CT.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two 3‑bedroom apartments totaling 2,016 square feet; Separate utilities for each apartment; Both units feature new flooring and updated bathrooms
