Two-Family Residential Income
168 Ellsworth Avenue New Haven, CT 06511
168 Ellsworth Avenue, New Haven, CT, 06511
$579,900
For Sale
$579,900
Two-bedroom, one-bath units plus third-floor space with additional bedrooms and full bath.
Property Size3,222 SF
Price / SF$179.98
Days on Market135
Property Features for 168 Ellsworth Avenue
General Information
- Standard status
- Active
- Size
- 3,222 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
Century 21 AllPoints Realty
(860) 263-2121
Listed by
Mimi Perrotti · License #RES.0816123
(860) 263-2121
Source
Compass
Added: Mar 10 Updated: Jul 22 at 6:11PM Checked: Jul 22 at 6:11PM
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 Century 21 AllPoints Realty
Investment Insights
Based on property information with market context.
This two-family residential income property offers two separate units, each with two bedrooms and one bathroom. Additional living space is available on the third floor, featuring two bedrooms, a full bath, and secondary office or recreation room space.
The home is equipped with two natural gas hot water heaters and two furnaces, including one natural gas-fired and one oil-fired unit. Public water and sewer services are in place. There is also a large, private backyard and off-street parking for at least six cars.
The property is listed for sale and is described as an owner-occupant or investor opportunity, with proximity to Yale University and Yale NH Hospital, as well as UNH and SCSU.
The home is equipped with two natural gas hot water heaters and two furnaces, including one natural gas-fired and one oil-fired unit. Public water and sewer services are in place. There is also a large, private backyard and off-street parking for at least six cars.
The property is listed for sale and is described as an owner-occupant or investor opportunity, with proximity to Yale University and Yale NH Hospital, as well as UNH and SCSU.
Key Highlights
- 2‑family home (Edgewood) with each unit offering 2 bedrooms and 1 bathroom
- Additional third‑floor space includes 2 bedrooms, a full bath, plus a secondary office/rec room
- Unfinished, floored, walk‑up attic space (attic access included)
Local Financial Insights For Apartment 5plus
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 | $97.8k | $30.36 |
| − Vacancy | −$6.1k | −$1.88 |
| EGI | $91.8k | $28.48 |
| − OpEx | −$41.3k | −$12.81 |
| NOI | $50.5k | $15.66 |
3,222 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$774.7K
$677.9K – $903.9K
NOI $54,232 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$720.9K
$630.8K – $841.1K
NOI $50,465 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$1.04M
$906.9K – $1.21M
NOI $72,551 @ 7.0% cap · market cap 12.51%
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-bedroom, one-bath units plus third-floor space with additional bedrooms and full bath.
Where is this duplex located?
The property is located at 168 Ellsworth Avenue New Haven, CT.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: 2‑family home (Edgewood) with each unit offering 2 bedrooms and 1 bathroom; Additional third‑floor space includes 2 bedrooms, a full bath, plus a secondary office/rec room; Unfinished, floored, walk‑up attic space (attic access included)
