2-Unit Duplex with Solar
New
For Sale
$339,900
120 Adeline St, New Haven, CT 06519
Both residences have two bedrooms and one bathroom, with recent interior upgrades and solar power.
Property Size1,456 SF
Days on Market2
Property Features for 120 Adeline St
General Information
Standard status
Active
Size
1,456 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
solar panels
Building Details
Building Size
1,456 SF
Year Built
1900
Listing Agency:
Berkshire Hathaway NE Prop.
Listed By:
Josh Young · License #RES.0809612
(732) 977-5243
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:17PM
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 Berkshire Hathaway NE Prop.
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Investment Insights
Based on property information with market context.
At 120 Adeline Street, this two-unit duplex has a two-bedroom, one-bathroom layout in each residence. Improvements include updated bathrooms in both units, laminate flooring in the first-floor bedrooms, and replacement flooring in some second-floor rooms. The second-floor kitchen also has new cabinets and countertops, and solar panels serve the property. The building dates to 1900.
The property is minutes from a highway and near downtown New Haven. Its reported BikeScore is 66, its WalkScore is 66, and its TransitScore is 55.
The property is minutes from a highway and near downtown New Haven. Its reported BikeScore is 66, its WalkScore is 66, and its TransitScore is 55.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Solar panels
- Bathrooms updated in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,507
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,140
$490.1K
Cap Rate 7%
$350,100
$350.1K
Cap Rate 9%
$272,300
$272.3K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$37.6K $25.80/SF
− Vacancy
−$2.6K −$1.75/SF
EGI
$35.0K $24.05/SF
− OpEx
−$10.5K −$7.21/SF
NOI
$24.5K $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%
$490,140
Cap Rate 7%
$350,100
Cap Rate 9%
$272,300
Alternative Uses
Best Use
Multifamily LT 5
$350.1K
$306.3K – $408.5K
NOI $24,507 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$325.8K
$285.1K – $380.1K
NOI $22,805 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$468.4K
$409.8K – $546.4K
NOI $32,785 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
Explore this area
Business Placement
Demographics for 06519, CT
15,450
Population
6,424
Households
2.4
Avg Household Size
33
Median Age
20%
College-Educated
77%
High-School Grad
1.8 sq mi
ZIP Area
8,583
Density / Sq Mi
$44,394
Median Household Income
$29,745
Median Earnings
$1,356
Median Rent
$247,600
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms and one bathroom, with recent interior upgrades and solar power.
Where is this duplex located?
The property is located at 120 Adeline St New Haven, CT.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Solar panels; Bathrooms updated in both units
