Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    181 Lombard St New Haven, CT 06513

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $500,000

    Multifamily property suitable for investment or owner-occupancy.

    Lot size:
    0.08 Acres

    Property Features for 181 Lombard St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Michael Stroud
    Michael Stroud
    Source: Elliman

    Listing Agent: Michael Stroud

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

    Learn more

    Property Insight Report

    Overview

    Multifamily Property in New Haven

    This multifamily property presents an opportunity for investment or owner-occupancy. The property is described as strong, sound, and solid.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    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
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8924886
    Latitude
    41.3159817

    Nearby Similar for Sale

    • $995,000
      Pending

      Queen Anne Two-Family Home

      Historic Queen Anne with modern updates and income potential.
      185 Saint Ronan St, New Haven, CT 06511
      View Details
    • $359,000
      Pending

      Two-Unit Multifamily Property in Hamden

      Charming two-unit property with original features and investment potential.
      136 2Nd St, Hamden, CT 06514
      View Details
    • $435,000
      Pending

      Three-Unit Property in Growing Area

      Well-maintained, renovated three-unit property with income potential in New Haven.
      129 Winthrop Ave, New Haven, CT 06519
      View Details
    • $499,999
      Pending

      Three-Family Property in Fair Haven

      Three-family property with spacious layouts in a desirable New Haven neighborhood.
      39 Houston St, New Haven, CT 06513
      View Details
    • New
      $349,995
      1,404 SF

      New Haven Multifamily Investment Opportunity

      Fully rented multifamily property near downtown New Haven, generating $3,300 monthly.
      163 West St, New Haven, CT 06519
      View Details
    • $595,000
      2,368 SF

      Remodeled Two-Story Multi-Family Residence

      Remodeled multi-family home in Fair Haven Heights neighborhood.
      28 Farren Ave, New Haven, CT 06513
      View Details
    • $550,000
      2,226 SF

      West Haven Two-Family Home

      Well-maintained two-family home in West Haven, ideal for investors.
      90 Blohm St, West Haven, CT 06516
      View Details
    • New
      $370,000
      1,080 SF

      New Haven Commercial Building For Sale

      Freestanding commercial building with flexible-use space near Yale and Quinnipiac.
      515 Middletown Ave, New Haven, CT 06513
      View Details
    • $1,790,000
      21,152 SF

      Food Manufacturing Facility For Sale

      19,106 SF food manufacturing facility with FDA approvals in place.
      724 Grand Ave, New Haven, CT 06511
      View Details
    • $439,000
      3,161 SF

      Income-Producing 3-Unit Building

      Solid investment property with reliable cash flow in New Haven.
      36 Shelter St, New Haven, CT 06513
      View Details
    • $435,000
      2,850 SF

      New Haven Three-Family Investment Property

      Reliable investment property with long-term tenants in high-demand rental area.
      115 Clay St, New Haven, CT 06513
      View Details
    • $553,000
      Pending

      Three-Unit Multifamily Investment Opportunity

      Income-producing multifamily property with immediate cash flow potential.
      168 Lloyd St, New Haven, CT 06513
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Multifamily property suitable for investment or owner-occupancy.
    Where is this multifamily property located?
    The property is located at 181 Lombard St New Haven, CT.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Strong, sound, and solid structure; - Investment opportunity; - Owner-occupied opportunity
    (203) 821-1131
    Request Owner's contact information
    181 Lombard St New Haven, CT 06513
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    181 Lombard St
    New Haven, CT 06513
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    181 Lombard St New Haven, CT 06513
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Stroud
    Michael Stroud
    Real Estate License ID: RES.0779447
    (203) 821-1131
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.