Multi-Unit Residential
New
For Sale
$1,310,000
14-16 Lyon St, New Haven, CT 06511
RM2-zoned property with units arranged on separate floors and an unfinished full basement.
Property Size5,069 SF
Price / SF$258.43
Days on Market6
Property Features for 14-16 Lyon St
General Information
Standard status
Active
Size
5,069 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Wendy Cohen Realty
Listed By:
Wendy Cohen (203) 889-7914 (203) 889-7914
(203) 889-7914
Source:
Centralconnecticuthomefinder
Added: Oct 8
Changed: Oct 12
Last Checked: Oct 12 at 8:39PM
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 Wendy Cohen Realty
Investment Insights
Based on property information with market context.
This residential income property contains 5,069 square feet, with units located on separate floors. Built in 1900, the building has natural gas and hot water service, along with a full, unfinished basement.
The property is at 14-16 Lyon Street in New Haven, Connecticut, and is zoned RM2.
The property is at 14-16 Lyon Street in New Haven, Connecticut, and is zoned RM2.
Key Highlights
- 5,069 square feet
- RM2 zoning
- Units are arranged on separate floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,394
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,587,880
$1.6M
Cap Rate 7%
$1,134,200
$1.1M
Cap Rate 9%
$882,156
$882.2K
Market Conditions
NOI Build-Up for 5,069 SF
Gross rent
$153.9K $30.36/SF
− Vacancy
−$9.5K −$1.88/SF
EGI
$144.4K $28.48/SF
− OpEx
−$65.0K −$12.81/SF
NOI
$79.4K $15.66/SF
Area
New Haven, CT
Vacancy
6.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,587,880
Cap Rate 7%
$1,134,200
Cap Rate 9%
$882,156
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$992.4K – $1.32M
NOI $79,394 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,140 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,524
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - RM2-zoned property with units arranged on separate floors and an unfinished full basement.
Where is this residential income property located?
The property is located at 14-16 Lyon St New Haven, CT.
What is the asking price?
The asking price for this property is $1,310,000.
What are key features of this property?
This property features: 5,069 square feet; RM2 zoning; Units are arranged on separate floors
