Two-Family Residential Income
125 Nicoll Street New Haven, CT 06511
For Sale
$579,000
Pending
Two-unit residence with in-unit laundry, central air, and a deep private backyard with mature landscaping.
Property Size1,660 SF
Days on Market76
Property Features for 125 Nicoll Street
General Information
- Standard status
- Pending
- Size
- 1,660 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1900
Listing Agency:
William Raveis Real Estate
(646) 946-3515
Listed By:
Michelle Chadwick-Hotis · License #REB.0794860
(646) 946-3515
Source:
Compass
Added: May 9
Changed: Jul 23
Last Checked: Jul 23 at 4:06AM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
This classic two-family residence offers flexible living arrangements across two thoughtfully laid out units. The home includes hardwood flooring and oversized windows, with a total of 4 bedrooms, 2 full bathrooms, and 8 total rooms. In-unit laundry is provided, and exterior improvements include low-maintenance vinyl siding. Systems include central air and forced hot air heat, along with energy-efficient blown-in insulation. Additional space is available in an unfinished attic and basement, suited for storage or workshop use.
The second-floor owners unit features an eat-in kitchen, a large primary bedroom, a second bedroom or den, and a living room. A large wooden deck overlooks a private backyard with mature landscaping.
Set up as a residential income property, this offering includes dedicated living space within a single structure, making it well suited for owners seeking a multi-unit configuration in a neighborhood setting.
The second-floor owners unit features an eat-in kitchen, a large primary bedroom, a second bedroom or den, and a living room. A large wooden deck overlooks a private backyard with mature landscaping.
Set up as a residential income property, this offering includes dedicated living space within a single structure, making it well suited for owners seeking a multi-unit configuration in a neighborhood setting.
Key Highlights
- Two‑family home with approx. 1,660 SF, 4 bedrooms, and 2 full bathrooms across two units
- Central air plus forced hot air heat, with energy‑efficient blown‑in insulation
- In‑unit laundry available, plus unfinished attic and basement space for storage or workshop use
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $25.80 |
| − Vacancy | −$2.9k | −$1.75 |
| EGI | $39.9k | $24.05 |
| − OpEx | −$12.0k | −$7.21 |
| NOI | $27.9k | $16.83 |
1,660 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$399.2K
$349.3K – $465.7K
NOI $27,941 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$371.4K
$325.0K – $433.3K
NOI $26,000 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$534.0K
$467.2K – $623.0K
NOI $37,379 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit residence with in-unit laundry, central air, and a deep private backyard with mature landscaping.
Where is this duplex located?
The property is located at 125 Nicoll Street New Haven, CT.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two‑family home with approx. 1,660 SF, 4 bedrooms, and 2 full bathrooms across two units; Central air plus forced hot air heat, with energy‑efficient blown‑in insulation; In‑unit laundry available, plus unfinished attic and basement space for storage or workshop use
