Four-Unit Residential Income
142 Front Avenue West Haven, CT 06516
142 Front Avenue, West Haven, CT, 06516
$600,000
For Sale
$600,000
Four rental units on a level lot with detached garages and ample off-street parking.
Property Size2,448 SF
Price / SF$245.10
Days on Market67
Property Features for 142 Front Avenue
General Information
- Standard status
- Active
- Size
- 2,448 SF
- Property subtype
- Multi-Family / 4 Family
Building Details
- Year Built
- 1919
Listing agency
Century 21 Scala Group
(203) 374-9451
Listed by
Valeria Amarante · License #RES.0804053
(203) 374-9451
Source
Compass
Added: May 16 Updated: Jul 21 at 3:23PM Checked: Jul 21 at 3:23PM
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 Century 21 Scala Group
Investment Insights
Based on property information with market context.
This four-unit residential income property includes three apartments and one separate accessory house in the back. The apartments consist of one two-bedroom unit and two one-bedroom units. The accessory house features one bedroom. The property is described as well maintained, with several long-term tenants; three units are month-to-month, and one tenant has a lease set to expire in September 2026.
The lot is level and includes two detached car garages and parking for more than five vehicles. Landlord pays water and sewer. The garage is also rented on a month-to-month basis.
The configuration provides multiple rental streams with distinct living spaces across the main building and accessory structure, supported by dedicated parking and garage availability.
The lot is level and includes two detached car garages and parking for more than five vehicles. Landlord pays water and sewer. The garage is also rented on a month-to-month basis.
The configuration provides multiple rental streams with distinct living spaces across the main building and accessory structure, supported by dedicated parking and garage availability.
Key Highlights
- Four rental units on a level lot, including a separate 1‑bedroom accessory house in the back
- Unit mix: one 2‑bedroom apartment plus two 1‑bedroom apartments
- Long‑term tenants in place; 3 tenants are month to month and 1 tenant has a lease through September 2026
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.2k | $25.80 |
| − Vacancy | −$4.3k | −$1.75 |
| EGI | $58.9k | $24.05 |
| − OpEx | −$17.7k | −$7.21 |
| NOI | $41.2k | $16.83 |
2,448 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$588.6K
$515.1K – $686.8K
NOI $41,205 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$547.7K
$479.3K – $639.0K
NOI $38,342 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$787.5K
$689.0K – $918.7K
NOI $55,122 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four rental units on a level lot with detached garages and ample off-street parking.
Where is this quadplex located?
The property is located at 142 Front Avenue West Haven, CT.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four rental units on a level lot, including a separate 1‑bedroom accessory house in the back; Unit mix: one 2‑bedroom apartment plus two 1‑bedroom apartments; Long‑term tenants in place; 3 tenants are month to month and 1 tenant has a lease through September 2026
