Two-Family Duplex with Separate
New
For Sale
$423,995
140 Portsea, New Haven, CT 06519
Two residential units feature independent gas furnaces and water heaters, with a mix of one- and four-bedroom layouts.
Property Size1,817 SF
Price / SF$233.35
Days on Market3
Property Features for 140 Portsea
General Information
Standard status
Active
Size
1,817 SF
Property subtype
2 Family
Units
Unit Mix
1 x 1BR, 1 x 4BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
fenced yard
new appliances
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Lock and Key Realty
Listed By:
Jordan Healy · License #REB.0758797
(413) 717-0635
Source:
Lockandkeyre
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 1:59AM
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 Lock and Key Realty
Investment Insights
Based on property information with market context.
This 1,817-square-foot, two-family duplex was built in 1900 and has a one-bedroom unit on the first floor. The second- and third-floor unit contains four bedrooms. Separate gas furnaces and gas water heaters serve the units, and new appliances are installed. Fenced areas are located at both the front and rear of the property.
At 140 Portsea in New Haven, the property is near Yale New Haven Hospital, downtown, major commute routes, shopping, schools, and bus lines.
At 140 Portsea in New Haven, the property is near Yale New Haven Hospital, downtown, major commute routes, shopping, schools, and bus lines.
Key Highlights
- Legal two‑family home with a one‑bedroom first‑floor unit and a four‑bedroom unit across the second and third floors
- 1,817 square feet; built in 1900
- Separate gas furnaces and gas water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,584
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,680
$611.7K
Cap Rate 7%
$436,914
$436.9K
Cap Rate 9%
$339,822
$339.8K
Market Conditions
NOI Build-Up for 1,817 SF
Gross rent
$46.9K $25.80/SF
− Vacancy
−$3.2K −$1.75/SF
EGI
$43.7K $24.05/SF
− OpEx
−$13.1K −$7.21/SF
NOI
$30.6K $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%
$611,680
Cap Rate 7%
$436,914
Cap Rate 9%
$339,822
Alternative Uses
Best Use
Multifamily LT 5
$436.9K
$382.3K – $509.7K
NOI $30,584 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$406.6K
$355.7K – $474.3K
NOI $28,459 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$584.5K
$511.4K – $681.9K
NOI $40,914 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7,523
Businesses Nearby
Explore this area
Business Placement
Demographics for 06519, CT
15,450
Population
6,424
Households
2.4
Avg Household Size
33
Median Age
20%
College-Educated
77%
High-School Grad
1.8 sq mi
ZIP Area
8,583
Density / Sq Mi
$44,394
Median Household Income
$29,745
Median Earnings
$1,356
Median Rent
$247,600
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?
Duplex - Two residential units feature independent gas furnaces and water heaters, with a mix of one- and four-bedroom layouts.
Where is this duplex located?
The property is located at 140 Portsea New Haven, CT.
What is the asking price?
The asking price for this property is $423,995.
What are key features of this property?
This property features: Legal two‑family home with a one‑bedroom first‑floor unit and a four‑bedroom unit across the second and third floors; 1,817 square feet; built in 1900; Separate gas furnaces and gas water heaters
