Three-Unit Triplex with Detached
For Sale
$549,900
Pending
1045 Campbell Avenue, West Haven, CT 06516
Multi-Family For Sale, 3updown - Unit(s) per Floor, West Haven, CT
Property Size3,087 SF
Lot Size0.22 Acres
Days on Market50
Property Features for 1045 Campbell Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NB
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bedroom 1, Basement, Bathroom 2, Bedroom 8, Bedroom 4, Bedroom 7, Bedroom 6, Bathroom 1, Bedroom 2, Bathroom 3
Parking
10
Patio and Porch features
Porch
Exterior features
Sidewalk,Porch,Gutters,Lighting
Basement
Concrete, Full, Unfinished
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Campbell Ave (near UNH)
Standard status
Pending
Size
3,087 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10062
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Amenities
laundry hookups
Building Details
Year built
1920
Architectural style
Other
Listing Agency:
Press/Cuozzo Realtors
(203) 288-1900
Listed By:
Dave Candido
(203) 996-2265
Added: Jul 31
Changed: Sep 14
Last Checked: Sep 18 at 9:06AM
MLS# 24194717
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.
Located at 1045 Campbell Avenue in West Haven, this 3,087-square-foot triplex was built in 1920 and sits on a 0.22-acre lot. The first and second floors each contain five rooms, three bedrooms, and one full bathroom. The third-floor apartment includes four rooms, two bedrooms, and one full bathroom. Separate utilities, a dedicated house electrical meter, and three basement laundry hookups support the multi-unit configuration.
Exterior features include a porch, sidewalks, gutters, lighting, and ample off-street parking. A detached three-car garage provides additional enclosed space. The property is served by public water and public sewer, with hot-water heating. Its West Haven location places it between the VA Hospital and UNH, with access to I-95 and nearby shops, parks, and restaurants.
Exterior features include a porch, sidewalks, gutters, lighting, and ample off-street parking. A detached three-car garage provides additional enclosed space. The property is served by public water and public sewer, with hot-water heating. Its West Haven location places it between the VA Hospital and UNH, with access to I-95 and nearby shops, parks, and restaurants.
Key Highlights
- 3,087‑square‑foot triplex on a 0.22‑acre lot
- First- and second‑floor units each have 5 rooms, 3 bedrooms, and 1 full bath
- Third‑floor unit includes 4 rooms, 2 bedrooms, and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,351
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$967,020
$967.0K
Cap Rate 7%
$690,729
$690.7K
Cap Rate 9%
$537,233
$537.2K
Market Conditions
NOI Build-Up for 3,087 SF
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.
Gross rent
$93.7K $30.36/SF
− Vacancy
−$5.8K −$1.88/SF
EGI
$87.9K $28.48/SF
− OpEx
−$39.6K −$12.81/SF
NOI
$48.4K $15.66/SF
Area
New Haven, CT
Vacancy
6.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$967,020
Cap Rate 7%
$690,729
Cap Rate 9%
$537,233
Alternative Uses
Best Use
Multifamily LT 5
$742.3K
$649.5K – $866.0K
NOI $51,960 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$690.7K
$604.4K – $805.9K
NOI $48,351 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$993.0K
$868.9K – $1.16M
NOI $69,511 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
Explore this area
Business Placement
Demographics for 06516, CT
55,584
Population
21,884
Households
2.5
Avg Household Size
38
Median Age
29%
College-Educated
88%
High-School Grad
10.8 sq mi
ZIP Area
5,147
Density / Sq Mi
$73,566
Median Household Income
$41,123
Median Earnings
$1,389
Median Rent
$265,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Separately serviced apartments offer flexible layouts, basement laundry hookups, off-street parking, and a three-car detached garage.
Where is this triplex located?
The property is located at 1045 Campbell Avenue West Haven, CT.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 3,087‑square‑foot triplex on a 0.22‑acre lot; First- and second‑floor units each have 5 rooms, 3 bedrooms, and 1 full bath; Third‑floor unit includes 4 rooms, 2 bedrooms, and 1 full bath
