Side-by-Side Duplex Near Cosey
For Sale
$700,000
143 Bradford Avenue, East Haven, CT 06512
Two townhouse-style units offer separate utilities, attached garages, and three-bedroom layouts within an income-producing property.
Property Size2,432 SF
Days on Market49
Property Features for 143 Bradford Avenue
General Information
Standard status
Active
Size
2,432 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Zoning
R-1
Net Operating Income
$54,350
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Asking Price
$700,000
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,560
Amenities
professional landscaping
Building Details
Building Size
2,432 SF
Year Built
2002
Units
2
Listing Agency:
Coldwell Banker Realty
(203) 610-9670
Listed By:
Ralph Lewis · License #RES.0794961
(203) 610-9670
Source:
Westshorerealty
Added: Jul 12
Changed: Aug 28
Last Checked: Aug 23 at 9:07AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 2002, this side-by-side duplex includes two townhouse-style residences, each with 3 bedrooms, 1.5 baths, spacious living areas, separate utilities, and an attached one-car garage. The property has a roof less than one year old, professional landscaping, city water, city sewer, natural gas heat, and central air. Zoned R-1, the building is designed for residential occupancy with distinct unit infrastructure.
The property is located at 143 Bradford Avenue in East Haven, directly across from Cosey Beach. Both units are leased, with Unit A committed through September 14, 2028 following its current term, and Unit B leased through June 30, 2028. The stabilized cap rate is 7.76%.
The property is located at 143 Bradford Avenue in East Haven, directly across from Cosey Beach. Both units are leased, with Unit A committed through September 14, 2028 following its current term, and Unit B leased through June 30, 2028. The stabilized cap rate is 7.76%.
Key Highlights
- Duplex completed in 2002 with two side‑by‑side townhouse‑style units
- Each residence includes 3 bedrooms, 1.5 baths, and a one‑car attached garage
- Roof is less than one year old
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,935
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$818,700
$818.7K
Cap Rate 7%
$584,786
$584.8K
Cap Rate 9%
$454,833
$454.8K
Market Conditions
NOI Build-Up for 2,432 SF
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.
Gross rent
$62.7K $25.80/SF
− Vacancy
−$4.3K −$1.75/SF
EGI
$58.5K $24.05/SF
− OpEx
−$17.5K −$7.21/SF
NOI
$40.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$818,700
Cap Rate 7%
$584,786
Cap Rate 9%
$454,833
Alternative Uses
Best Use
Multifamily LT 5
$584.8K
$511.7K – $682.3K
NOI $40,935 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$544.2K
$476.2K – $634.9K
NOI $38,092 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$782.3K
$684.5K – $912.7K
NOI $54,762 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 06512, CT
29,457
Population
12,945
Households
2.3
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
2,779
Density / Sq Mi
$84,034
Median Household Income
$48,981
Median Earnings
$1,464
Median Rent
$265,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two townhouse-style units offer separate utilities, attached garages, and three-bedroom layouts within an income-producing property.
Where is this duplex located?
The property is located at 143 Bradford Avenue East Haven, CT.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Duplex completed in 2002 with two side‑by‑side townhouse‑style units; Each residence includes 3 bedrooms, 1.5 baths, and a one‑car attached garage; Roof is less than one year old
