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West Haven Two-Family Home

102 Highland Street West Haven, CT 06516

Claim this Listing
For Sale
$375,000

Well-maintained two-family home in West Haven with rental income.

Type:2 Family
Property size:
1,860 SF
Price / SF:
$201.61/SF
Added:
May 12, 2026
Days on Market:
64
Last Refresh:
Jul 5 at 8:54 pm

Property Features for 102 Highland Street

General Information

Standard status
Active
Size
1,860 SF
Property subtype
2 Family

Building Details

Year Built
1957

Listing office Serhant Connecticut, LLC

Listing date May 12, 2026

Source Lockandkeyre

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 Serhant Connecticut, LLC


Investment Insights

Based on property information with market context.

This well-maintained two-family home is located in West Haven. The property offers an opportunity for both owner-occupants and investors. The first-floor unit features 2 bedrooms and 1 full bathroom and will be delivered unoccupied. Hardwood floors are beneath the carpet in the first floor living room, as well as a wood burning fireplace. The second-floor unit offers 1 bedroom and 1 full bathroom and is currently tenant occupied with a yearly lease in place at $950/month, providing immediate rental income. The property features newer windows, a newer roof (approximately 4 years old), a newer high-efficiency hot water heater, and a newer washer and dryer in the basement with walkout access. Outside, there is a recently redone driveway and a newer garage door installed within the last two years. The property size is 1860 square feet.

Key Highlights

  • Updated two‑family home ideal for owner‑occupants or investors.
  • First‑floor unit is vacant, updated, and spacious with 2 bedrooms and 1 bathroom.
  • Immediate rental income from tenant‑occupied second‑floor unit with a yearly lease.

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 $48.0k $25.80
− Vacancy −$3.3k −$1.75
EGI $44.7k $24.05
− OpEx −$13.4k −$7.21
NOI $31.3k $16.83
1,860 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$447.2K
$391.3K – $521.8K (±1% cap)
NOI $31,307 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$416.2K
$364.2K – $485.6K (±1% cap)
NOI $29,133 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$598.3K
$523.5K – $698.0K (±1% cap)
NOI $41,882 @ 7.0% cap · market cap 11.17%
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

Law Firm Real Estate Agency Parking Lot & Garage Computer & Electronic Repair Acupuncture (Bike/Boat/Book/etc) Store Locksmith Furniture & Home Goods Catering Service HVAC Service

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

FAQs

What type of property is this?
Duplex - Well-maintained two-family home in West Haven with rental income.
Where is this duplex located?
The property is located at 102 Highland Street West 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: Updated two‑family home ideal for owner‑occupants or investors.; First‑floor unit is vacant, updated, and spacious with 2 bedrooms and 1 bathroom.; Immediate rental income from tenant‑occupied second‑floor unit with a yearly lease.
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