Side-by-Side
For Sale
$435,000
Pending
144 Forest Rd, West Haven, CT 06516
Each residence has private access, two bedrooms, an attached garage, and lower-level laundry.
Property Size1,824 SF
Days on Market14
Property Features for 144 Forest Rd
General Information
Standard status
Pending
Size
1,824 SF
Property subtype
Multi-Family
Building Details
Year Built
1970
Listing Agency:
Weichert, Realtors-On The Mark
Listed By:
Gregorio Santiago (203) 668-8862 mark@onthemarkmgmt.com · License #RES.0800318
(203) 668-8862
Source:
Centralconnecticuthomefinder
Added: Sep 30
Changed: Oct 10
Last Checked: Oct 12 at 8:01PM
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
Investment Insights
Based on property information with market context.
This 1,824-square-foot duplex in West Haven, Connecticut, was built in 1970 and contains two side-by-side residences. Each unit has two bedrooms, a private entrance, and an attached one-car garage. Washer and dryer appliances are located on the lower level of each unit. The property is being sold in as-is condition.
Key Highlights
- Two side‑by‑side units, 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.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Explore this area
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
Check the figures for this property
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 - Each residence has private access, two bedrooms, an attached garage, and lower-level laundry.
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 units, each with 2 bedrooms; 1,824 square feet; built in 1970; Private entrance and attached 1‑car garage for each unit
