Three-Unit Residential
130 Hobart Street, New Haven, CT 06511
For Sale
$769,000
Multi-Family For Sale, Units on different Floors, New Haven, CT
Property Size3,103 SF
Lot Size0.11 Acres
Price / SF$247.82
Days on Market93
Property Features for 130 Hobart Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Patio and Porch features
Exterior features
Basement
Lot features
Elementary school
High school
Directions
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Cooling system
Water source
Amenities
central air conditioning
Building Details
Year built
Architectural style
Buildings
Listing Agency:
GRL & Realtors, LLC
(203) 781-0000
Listed By:
Jeffrey Granoff · License CT REB.0275077
(203) 494-1337
Added: Aug 10
Changed: Nov 8
Last Checked: Nov 10 at 10:06PM
MLS# 24197949
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-family property contains 3,103 square feet across three apartments, with eight bedrooms in total. The first and second floors each have three bedrooms, updated kitchens, and in-unit laundry; the third-floor apartment has two bedrooms. Central air conditioning serves the apartments, and the property includes a porch. Rebuilt in 2015, it was originally constructed in 1900.
Two apartments are rented, while the first-floor unit is vacant. The property sits on a 0.11-acre lot and has public water and public sewer. Zoning is RM2.
Two apartments are rented, while the first-floor unit is vacant. The property sits on a 0.11-acre lot and has public water and public sewer. Zoning is RM2.
Key Highlights
- Three apartments with eight bedrooms across 3,103 square feet
- First- and second‑floor units each have three bedrooms, updated kitchens, and in‑unit laundry
- Two‑bedroom apartment occupies the third floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,229
Cap Rate
6.79%
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 6.79%
Second Best
Apartment 5plus
$694.3K
$607.5K – $810.0K
NOI $48,601 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$998.2K
$873.4K – $1.16M
NOI $69,871 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
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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
$313,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in New Haven, CT
Properties on Market for Triplexes in New Haven
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer eight bedrooms, central air conditioning, and a mix of three- and two-bedroom layouts.
Where is this triplex located?
The property is located at 130 Hobart Street New Haven, CT.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Three apartments with eight bedrooms across 3,103 square feet; First- and second‑floor units each have three bedrooms, updated kitchens, and in‑unit laundry; Two‑bedroom apartment occupies the third floor
