Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    562 Amity Rd, Unit D Bethany, CT 06524

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Pending
    $1,600 /Mo

    Charming, updated 3-room apartment in historic 1807 home.

    Lot size:
    1.40 Acres

    Property Features for 562 Amity Rd

    General Information

    Property type
    Multi Family
    Standard status
    Pending
    Lot size
    1.40 Acres

    Building Details

    Year built
    1807

    We can help!

    Listing Contact
    April Stirling
    Source: Elliman

    Listing Agent: April Stirling

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

    Learn more

    Overview

    Historic Bethany Apartment For Rent

    This expansive three-room apartment is located on the second floor of the historic Wheeler Beecher house in Bethany, constructed in 1807. The updated Unit "D" features a front hall and dining area with wide plank floors, a spacious living room with a non-working fireplace and ceiling fan, and large windows. The updated kitchen includes a large pantry, new granite counters and breakfast bar, an electric stove, a new stainless steel refrigerator, wide plank driftwood vinyl flooring, and ample cabinets. The full bathroom has a shower/tub and new flooring. The bedroom is spacious with a large closet and ceiling fan, and a second non-working fireplace. Stunning crown molding, freshly refinished hardwood floors, and tall ceilings enhance the atmosphere throughout. Large sunny windows provide abundant light. Cabinets and closets offer storage. The property includes a beautiful backyard with water company land behind, suitable for hiking and offering a lovely view. Off-street parking is available. The location is convenient to commerce, culture, and highways, while maintaining a quiet setting in Bethany. This is a wonderful community of five units with long-term renters, offering quiet living and a charming, gracious environment.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethany
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9942993
    Latitude
    41.4285657

    Nearby Similar for Lease

    • $2,520 /Mo

      Industrial Space on Route 63

      2,520 sq ft industrial space with truck access.
      644 Amity Rd, Bethany, CT 06524
      View Details
    • $4,000 /Mo
      4,830 SF

      Industrial Building with Truck Parking

      Industrial building with ample yard space and on-site fuel tank.
      644 Amity Rd, Bethany, CT 06524
      View Details
    • $1,600 /Mo
      Pending

      Residential Income Property For Rent

      Residential income property available for rent.
      562 Amity Rd, Bethany, CT 06524
      View Details
    • Contact for pricing
      17,454 SF

      Warehouse & Manufacturing Facility ForRent

      17,454 SF warehouse and manufacturing facility on 5 acres.
      695 Amity Rd, Bethany, CT 06525
      View Details
    • $7,350 /Mo
      7,350 SF

      Industrial Building Ideal for Trucking

      7,350 sq ft industrial building with ample yard space.
      644 Amity Rd #A, Bethany, CT 06524
      View Details

    FAQs

    What type of property is this?
    Residential income property - Charming, updated 3-room apartment in historic 1807 home.
    Where is this residential income property located?
    The property is located at 562 Amity Rd, Unit D Bethany, CT.
    What is the lease rate?
    The lease rate is $1,600 /Mo.
    What are key features of this property?
    This property features: - Updated kitchen with **new granite counters, breakfast bar, and stainless steel refrigerator**.; - **Spacious living room** with large windows and tall ceilings providing lots of natural light.; - Convenient location near town center, commerce, culture, and highways, yet in a quiet, desirable Bethany setting.
    (203) 389-0015
    Request Owner's contact information
    562 Amity Rd, Unit D Bethany, CT 06524
    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.
    562 Amity Rd, Unit D
    Bethany, CT 06524
    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
    562 Amity Rd, Unit D Bethany, CT 06524
    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
    April Stirling
    (203) 389-0015 (203) 910-8078
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!