Two-Family Duplex
For Sale
$599,000
12 Bishop Street, New Haven, CT 06511
Two-unit property with off-street parking, flexible layouts, and a renovated kitchen in one residence.
Property Size1,890 SF
Price / SF$316.93
Days on Market24
Property Features for 12 Bishop Street
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Multi-Family
Units
Unit Mix
3 bedrooms, 2 full baths, 3+ bedroom/1 bath
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty
Listed By:
Melanie Gunn · License #GUNNME
(203) 562-1220
Source:
Foreverhomesrealestate
Added: Sep 12
Changed: Oct 3
Last Checked: Oct 4 at 6:55AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1900, this 1,890-square-foot two-family property includes two duplex residences with distinct layouts. The first-floor unit extends into the lower level and provides 3 bedrooms and 2 full baths, with updates needed. The upper residence offers 3+ bedrooms and 1 bath, along with a renovated kitchen, an office or dressing room, and additional living space on the third floor.
Both units benefit from off-street parking. The property is located in New Haven’s East Rock area, near the State and Orange Street corridors, parks, shops, restaurants, Yale, and Downtown New Haven.
Both units benefit from off-street parking. The property is located in New Haven’s East Rock area, near the State and Orange Street corridors, parks, shops, restaurants, Yale, and Downtown New Haven.
Key Highlights
- Two‑family duplex property with 1,890 square feet
- First residence offers 3 bedrooms, 2 full baths, and a lower‑level walkout
- Second residence includes 3+ bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,812
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,240
$636.2K
Cap Rate 7%
$454,457
$454.5K
Cap Rate 9%
$353,467
$353.5K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$48.8K $25.80/SF
− Vacancy
−$3.3K −$1.75/SF
EGI
$45.4K $24.05/SF
− OpEx
−$13.6K −$7.21/SF
NOI
$31.8K $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%
$636,240
Cap Rate 7%
$454,457
Cap Rate 9%
$353,467
Alternative Uses
Best Use
Multifamily LT 5
$454.5K
$397.7K – $530.2K
NOI $31,812 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$422.9K
$370.0K – $493.4K
NOI $29,603 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$608.0K
$532.0K – $709.3K
NOI $42,558 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,287
Businesses Nearby
Explore this area
Business Placement
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with off-street parking, flexible layouts, and a renovated kitchen in one residence.
Where is this duplex located?
The property is located at 12 Bishop Street New Haven, CT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑family duplex property with 1,890 square feet; First residence offers 3 bedrooms, 2 full baths, and a lower‑level walkout; Second residence includes 3+ bedrooms and 1 bath
