Rebuilt Triplex with Central
For Sale
$799,900
130 Hobart, New Haven, CT 06511
Three residential units provide updated interiors, in-unit laundry, and access to central air conditioning.
Property Size3,103 SF
Price / SF$257.78
Days on Market65
Property Features for 130 Hobart
General Information
Standard status
Active
Size
3,103 SF
Property subtype
3 Family
Units
Unit Mix
2 x 3BR, 1 x 2BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
w/d
central air
Building Details
Year Built
1900
Listing Agency:
GRL & Realtors, LLC
(203) 781-0000
Listed By:
Jeffrey Granoff · License #REB.0275077
(203) 494-1337
Source:
Lockandkeyre
Added: Aug 10
Changed: Oct 13
Last Checked: Oct 12 at 8:04PM
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 GRL & Realtors, LLC
Investment Insights
Based on property information with market context.
This three-unit residential property was rebuilt 10 years ago with updated electrical, plumbing, walls, ceilings, insulation, roofing, siding, kitchens, and bathrooms. The building dates to 1900 and includes two 3BR units on the first and second floors, plus a 2BR unit on the third floor. Each residence has a washer and dryer and central air conditioning.
The property is located at 130 Hobart St in New Haven, minutes from Downtown New Haven, Yale, the train, hospitals, and other amenities. Walk Score is 61, Bike Score is 42, and Transit Score is 41, reflecting somewhat walkable, somewhat bikeable, and some-transit access.
The property is located at 130 Hobart St in New Haven, minutes from Downtown New Haven, Yale, the train, hospitals, and other amenities. Walk Score is 61, Bike Score is 42, and Transit Score is 41, reflecting somewhat walkable, somewhat bikeable, and some-transit access.
Key Highlights
- Three‑unit property with two 3BR residences and one 2BR residence
- Rebuilt 10 years ago with new electrical, plumbing, insulation, roof, siding, kitchens, and baths
- All units include washer and dryer connections or equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,229
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,580
$1.0M
Cap Rate 7%
$746,129
$746.1K
Cap Rate 9%
$580,322
$580.3K
Market Conditions
NOI Build-Up for 3,103 SF
Gross rent
$80.1K $25.80/SF
− Vacancy
−$5.4K −$1.75/SF
EGI
$74.6K $24.05/SF
− OpEx
−$22.4K −$7.21/SF
NOI
$52.2K $16.83/SF
Area
New Haven, CT
Vacancy
6.80%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,580
Cap Rate 7%
$746,129
Cap Rate 9%
$580,322
Alternative Uses
Best Use
Multifamily LT 5
$746.1K
$652.9K – $870.5K
NOI $52,229 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$694.3K
$607.5K – $810.0K
NOI $48,601 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$998.2K
$873.4K – $1.16M
NOI $69,871 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units provide updated interiors, in-unit laundry, and access to central air conditioning.
Where is this triplex located?
The property is located at 130 Hobart New Haven, CT.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Three‑unit property with two 3BR residences and one 2BR residence; Rebuilt 10 years ago with new electrical, plumbing, insulation, roof, siding, kitchens, and baths; All units include washer and dryer connections or equipment
