Side-by-Side Duplex with
144 Forest Rd, West Haven, CT 06516
For Sale
$435,000
Both residences include private entrances, two bedrooms, laundry, and an attached one-car garage.
Property Size1,824 SF
Price / SF$238.49
Days on Market38
Property Features for 144 Forest Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Amenities
washer/dryer
Building Details
Year Built
Listing Agency:
Weichert, Realtors-On The Mark
Listed By:
Gregorio Santiago · License CT RES.0800318
(203) 668-8862
Source:
Homesbyshoshana
Added: Oct 4
Changed: Nov 10
Last Checked: Oct 7 at 1:28PM
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 Weichert, Realtors-On The Mark
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residences, each with two bedrooms, a private entrance, and an attached one-car garage. Both units have washer and dryer connections on the lower level. The building totals 1,824 square feet and was built in 1970.
The property is located on the boarder of New Haven and West Haven. It is offered in as-is condition.
The property is located on the boarder of New Haven and West Haven. It is offered in as-is condition.
Key Highlights
- Two side‑by‑side residences, each with 2 bedrooms
- 1,824 square feet; built in 1970
- Private entrance and attached 1‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,701
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,020
$614.0K
Cap Rate 7%
$438,586
$438.6K
Cap Rate 9%
$341,122
$341.1K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$47.1K $25.80/SF
− Vacancy
−$3.2K −$1.75/SF
EGI
$43.9K $24.05/SF
− OpEx
−$13.2K −$7.21/SF
NOI
$30.7K $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%
$614,020
Cap Rate 7%
$438,586
Cap Rate 9%
$341,122
Alternative Uses
Best Use
Multifamily LT 5
$438.6K
$383.8K – $511.7K
NOI $30,701 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$408.1K
$357.1K – $476.2K
NOI $28,569 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$586.7K
$513.4K – $684.5K
NOI $41,072 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
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Business Placement
Demographics for 06516, CT
55,584
Population
21,884
Households
2.5
Avg Household Size
38
Median Age
29%
College-Educated
88%
High-School Grad
10.8 sq mi
ZIP Area
5,147
Density / Sq Mi
$73,566
Median Household Income
$41,123
Median Earnings
$1,389
Median Rent
$265,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in West Haven, CT
Properties on Market for Duplexes in West Haven
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include private entrances, two bedrooms, laundry, and an attached one-car garage.
Where is this duplex located?
The property is located at 144 Forest Rd West Haven, CT.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with 2 bedrooms; 1,824 square feet; built in 1970; Private entrance and attached 1‑car garage for each unit
