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    118 Union Ave West Haven, CT 06516

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    For Sale
    $499,900

    Three-family property with long-term tenants and below-market rents.

    Lot size:
    0.15 Acres

    Property Features for 118 Union Ave

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1900

    Source: Blue Ribbon Realty, LLC Agent Debra Giordano-Nardini

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Tenant-Occupied Multifamily Investment Opportunity

    This is an investment opportunity featuring a fully tenant-occupied three-family property. The tenants are long-term, and the rents are below market value. Each of the three units includes two bedrooms. The property benefits from new vinyl siding, installed approximately four years ago. All windows have been replaced with thermal windows, and the basement windows are only one year old. A large parking area is located in the rear of the property, accommodating up to six cars.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    West Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.944219
    Latitude
    41.2718847

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    FAQs

    What type of property is this?
    Triplex - Three-family property with long-term tenants and below-market rents.
    Where is this triplex located?
    The property is located at 118 Union Ave West Haven, CT.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Fully tenant occupied 3-family property.; - Large parking area in the rear for 6 cars.; - New vinyl siding (approx. 4 years old).
    (203) 530-9379
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    118 Union Ave West Haven, CT 06516
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    West Haven, CT 06516
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 Union Ave West Haven, CT 06516
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