West Haven Two-Family
102 Highland Street West Haven, CT 06516
102 Highland Street, West Haven, CT, 06516
$375,000
Pending
For Sale
$375,000
Pending
Well-maintained two-family home in West Haven with rental income.
Property Size1,860 SF
Days on Market73
Property Features for 102 Highland Street
General Information
- Standard status
- Pending
- Size
- 1,860 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1957
Listing agency
Serhant Connecticut, LLC
(860) 810-3237
Listed by
Dawn Gagliardi
(860) 810-3237
Source
Lockandkeyre
Added: May 12 Updated: Jul 10 at 1:38PM Checked: Jul 22 at 5:09AM
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
NOI $31,307 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$416.2K
$364.2K – $485.6K
NOI $29,133 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$598.3K
$523.5K – $698.0K
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
Similar For Sale Nearby
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.
