Two-Family Residential Income
16 King Place New Haven, CT 06519
16 King Place, New Haven, CT, 06519
$539,000
For Sale
$539,000
Two-unit duplex with owner’s unit plus a tenant-occupied upstairs apartment and private backyard.
Property Size1,899 SF
Price / SF$283.83
Days on Market17
Property Features for 16 King Place
General Information
- Standard status
- Active
- Size
- 1,899 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 2009
Listing agency
eRealty Advisors, Inc.
(718) 908-5559
Listed by
Beata Molnar · License #RES.0831197
(718) 908-5559
Source
Compass
Added: Jul 6 Updated: Jul 21 at 7:47PM Checked: Jul 22 at 6:29AM
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 eRealty Advisors, Inc.
Investment Insights
Based on property information with market context.
This two-family residential income property offers two separate units with distinct layouts. The first-floor owner’s unit includes a kitchen with natural wood cabinetry, a spacious living room with a fireplace, hardwood floors, three bedrooms, and two remodeled bathrooms. The unit also connects to a lower level with two additional bedrooms and abundant storage, creating flexible space for additional living or other uses. The second-floor tenant-occupied apartment features an open-concept design with high ceilings, a skylight, a generous living room, one bedroom, a walk-in closet, and a private balcony.
The property is located in New Haven and is described as being minutes from Downtown New Haven, Yale University, shopping, restaurants, and transportation.
The exterior includes a private backyard, providing an outdoor space for residents of either unit.
The property is located in New Haven and is described as being minutes from Downtown New Haven, Yale University, shopping, restaurants, and transportation.
The exterior includes a private backyard, providing an outdoor space for residents of either unit.
Key Highlights
- Two‑family duplex built in 2009 with a tenant‑occupied second‑floor apartment and private backyard
- First‑floor owner’s unit includes a kitchen, spacious living room with fireplace, hardwood floors, and soaring ceilings
- Owner’s unit has 3 bedrooms with custom built‑in closets and desks and 2 remodeled modern bathrooms
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 | $49.0k | $25.80 |
| − Vacancy | −$3.3k | −$1.75 |
| EGI | $45.7k | $24.05 |
| − OpEx | −$13.7k | −$7.21 |
| NOI | $32.0k | $16.83 |
1,899 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$456.6K
$399.6K – $532.7K
NOI $31,964 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$424.9K
$371.8K – $495.7K
NOI $29,744 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$610.9K
$534.5K – $712.7K
NOI $42,760 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with owner’s unit plus a tenant-occupied upstairs apartment and private backyard.
Where is this duplex located?
The property is located at 16 King Place New Haven, CT.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Two‑family duplex built in 2009 with a tenant‑occupied second‑floor apartment and private backyard; First‑floor owner’s unit includes a kitchen, spacious living room with fireplace, hardwood floors, and soaring ceilings; Owner’s unit has 3 bedrooms with custom built‑in closets and desks and 2 remodeled modern bathrooms
