24 Howard Ave New Haven, CT 06519
Three fully renovated units with private entrances, in-unit laundry, central AC, and off-street parking.
Property Features for 24 Howard Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing office Seabury Hill REALTORS (203) 675-3942
Listing date Jun 20, 2026
Source Elliman
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 Seabury Hill REALTORS
Investment Insights
Based on property information with market context.
The second-floor unit is slightly smaller and provides two bedrooms and two baths, along with a private deck offering water views. The third-floor unit is approximately 1,200 square feet with two bedrooms and two baths, a spacious living room with vaulted ceilings, and a renovated kitchen with a built-in sitting bench. The primary bedroom includes an updated bath.
Each unit has in-unit laundry, central AC, newer high-efficiency furnaces, on-demand hot water, and off-street parking. The property is offered fully leased, with tenants described as excellent and a favorable rent roll. The building is walkable to waterfront dining and the water, and is positioned minutes from Yale, downtown, train stations, and highways.
Key Highlights
- 5,000 SF, 3‑family building (built 1925) in City Point with all units fully gut renovated while preserving original details
- First‑floor unit: 2,000 SF with private entrance, 3 bedrooms, 2 full baths, brand‑new kitchen, and fireplace with gas insert
- Second‑floor unit: 2 bedrooms, 2 baths with private deck and water views; renovated kitchen and high‑end finishes
Local 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 | $129.0k | $25.80 |
| − Vacancy | −$8.8k | −$1.75 |
| EGI | $120.2k | $24.05 |
| − OpEx | −$36.1k | −$7.21 |
| NOI | $84.2k | $16.83 |
