Three-Family with Studio
160 Main Street West Haven, CT 06516
160 Main Street, West Haven, CT, 06516
$575,000
For Sale
$575,000
Distinct three-family structure includes a fourth studio on the second floor, with separate electric metering and newer mechanicals.
Property Size3,065 SF
Price / SF$187.60
Days on Market57
Property Features for 160 Main Street
General Information
- Standard status
- Active
- Size
- 3,065 SF
- Property subtype
- 4 Family
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Realty
(203) 640-7172
Listed by
Len Nicoletti · License #REB.0498062
(203) 640-7172
Source
Lockandkeyre
Added: May 26 Updated: Jul 21 at 4:56AM Checked: Jul 21 at 4:56AM
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.
This unique legal three-family property includes a fourth unit studio apartment on the second floor. The first floor features a living area of 1,190 sf with a living room, sunroom, dining room, kitchen, bath, and three bedrooms. The second floor totals 1,190 sf and is split between an efficiency unit (living room, bedroom, kitchen, bath) and a separate unit with living/dining, kitchen, bedroom, bath, and an enclosed deck. A third-floor attic unit includes a living room, kitchen, bedroom, and bath.
The studio apartment will be vacant at closing. The seller notes the attic apartment is willing to remain if the new owner accepts $1,000 monthly rent for that unit. The building is vinyl sided with an asphalt roof and vinyl tilt-in windows, and all interior doors are new.
The fire marshal has passed the building. There are four separate electric meters, including one house meter, and a newer Bock hot water tank. The basement also includes a newer oil tank, and the owner currently pays for heat and hot water.
The studio apartment will be vacant at closing. The seller notes the attic apartment is willing to remain if the new owner accepts $1,000 monthly rent for that unit. The building is vinyl sided with an asphalt roof and vinyl tilt-in windows, and all interior doors are new.
The fire marshal has passed the building. There are four separate electric meters, including one house meter, and a newer Bock hot water tank. The basement also includes a newer oil tank, and the owner currently pays for heat and hot water.
Key Highlights
- Legal 3‑family with a 4th studio apartment on the 2nd floor; studio unit will be vacant at closing
- First floor: 1,190 SF with living room, sunroom, dining room, kitchen, bath, and three bedrooms
- Second floor: includes an efficiency unit plus a separate unit with an enclosed deck; total 1,190 SF split between both sides
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 | $79.1k | $25.80 |
| − Vacancy | −$5.4k | −$1.75 |
| EGI | $73.7k | $24.05 |
| − OpEx | −$22.1k | −$7.21 |
| NOI | $51.6k | $16.83 |
3,065 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$737.0K
$644.9K – $859.8K
NOI $51,590 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$685.8K
$600.1K – $800.1K
NOI $48,006 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$985.9K
$862.7K – $1.15M
NOI $69,015 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Distinct three-family structure includes a fourth studio on the second floor, with separate electric metering and newer mechanicals.
Where is this quadplex located?
The property is located at 160 Main Street West Haven, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Legal 3‑family with a 4th studio apartment on the 2nd floor; studio unit will be vacant at closing; First floor: 1,190 SF with living room, sunroom, dining room, kitchen, bath, and three bedrooms; Second floor: includes an efficiency unit plus a separate unit with an enclosed deck; total 1,190 SF split between both sides
