Three-Unit Triplex with
For Sale
$645,000
Pending
135-137 Pendleton, New Haven, CT 06511
All three apartments provide three bedrooms, one full bath, hardwood floors, and refreshed kitchens and bathrooms.
Property Size1,920 SF
Days on Market20
Property Features for 135-137 Pendleton
General Information
Standard status
Pending
Size
1,920 SF
Property subtype
3 Family
Lease Term
Listing ID: 24209706, Standard Status: Active Under Contract, MLS Status: Under Contract - Continue to Show, Property Subtype: 3 Family, 6 days on market
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
off street parking
basement laundry hookup
additional basement storage
Building Details
Building Size
1,920 SF
Year Built
1920
Buildings
1
Listing Agency:
Real Broker CT, LLC
(855) 450-0442
Listed By:
Jennifer D'Amato · License #REB.0788209
(203) 562-1220
Source:
Iverty
Added: Sep 24
Changed: Oct 13
Last Checked: Oct 12 at 7:48PM
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 Real Broker CT, LLC
Investment Insights
Based on property information with market context.
Built in 1920, this triplex contains three apartments, each arranged with three bedrooms and one full bathroom. Hardwood flooring extends throughout, and the kitchens and bathrooms have been updated. The third-floor apartment has elevated ceilings, while basement space includes laundry hookups and storage. Off-street parking is also provided.
The property is near Edgewood Park, shopping, public transportation, and downtown New Haven. RM2 zoning applies. Long-term tenants occupy the apartments, and the property may also suit an owner-occupant seeking to live in one unit while receiving rent from the others.
The property is near Edgewood Park, shopping, public transportation, and downtown New Haven. RM2 zoning applies. Long-term tenants occupy the apartments, and the property may also suit an owner-occupant seeking to live in one unit while receiving rent from the others.
Key Highlights
- Three apartments, each with three bedrooms and one full bathroom
- Hardwood floors throughout; updated kitchens and bathrooms
- Third‑floor apartment features higher ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,609
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,172,180
$1.2M
Cap Rate 7%
$837,271
$837.3K
Cap Rate 9%
$651,211
$651.2K
Market Conditions
NOI Build-Up for 3,482 SF
Gross rent
$89.8K $25.80/SF
− Vacancy
−$6.1K −$1.75/SF
EGI
$83.7K $24.05/SF
− OpEx
−$25.1K −$7.21/SF
NOI
$58.6K $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%
$1,172,180
Cap Rate 7%
$837,271
Cap Rate 9%
$651,211
Alternative Uses
Best Use
Multifamily LT 5
$837.3K
$732.6K – $976.8K
NOI $58,609 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$779.1K
$681.7K – $909.0K
NOI $54,538 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$1.12M
$980.1K – $1.31M
NOI $78,405 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments provide three bedrooms, one full bath, hardwood floors, and refreshed kitchens and bathrooms.
Where is this triplex located?
The property is located at 135-137 Pendleton New Haven, CT.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Three apartments, each with three bedrooms and one full bathroom; Hardwood floors throughout; updated kitchens and bathrooms; Third‑floor apartment features higher ceilings
