Two-Family Residential Income
17 Pearl Street New Haven, CT 06511
17 Pearl Street, New Haven, CT, 06511
$795,000
Pending
For Sale
$795,000
Pending
Two-family property with large 6-room units and hardwood floors, offering flexibility to combine upper levels into a townhouse-style layout.
Property Size3,402 SF
Days on Market93
Property Features for 17 Pearl Street
General Information
- Standard status
- Pending
- Size
- 3,402 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
Horvath & Tremblay
(203) 243-8785
Listed by
Thomas Connor · License #RES.0796773
(203) 243-8785
Source
Compass
Added: Apr 20 Updated: Jul 21 at 2:44AM Checked: Jul 21 at 6:35AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
This two-family residential income property is arranged over three floors and totals approximately 3,400 square feet. The first and second floors feature large 6-room layouts, with hardwood floors throughout and 2–3 bedrooms plus a full bath in each unit. The upper levels include flexibility: the second and third floors can be combined to create a townhouse-style apartment with a master suite, while the first-floor apartment continues to provide additional income.
The property is centrally located in East Rock and is steps from the Yale University campus. It is surrounded by retail and dining options along Orange and State streets.
As configured, the building provides two separate living units with an option to convert the upper floors into a larger single residence while maintaining separate income potential on the first floor.
The property is centrally located in East Rock and is steps from the Yale University campus. It is surrounded by retail and dining options along Orange and State streets.
As configured, the building provides two separate living units with an option to convert the upper floors into a larger single residence while maintaining separate income potential on the first floor.
Key Highlights
- Two‑family property with 3,400 SF over three floors, featuring large floor plans on the first and second floors
- Both first- and second‑floor units offer large 6‑room layouts with hardwood floors
- Each unit has 2–3 bedrooms and a full bath
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 | $87.8k | $25.80 |
| − Vacancy | −$6.0k | −$1.75 |
| EGI | $81.8k | $24.05 |
| − OpEx | −$24.5k | −$7.21 |
| NOI | $57.3k | $16.83 |
3,402 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$818.0K
$715.8K – $954.4K
NOI $57,262 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$761.2K
$666.1K – $888.1K
NOI $53,285 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$1.09M
$957.6K – $1.28M
NOI $76,604 @ 7.0% cap · market cap 9.64%
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-family property with large 6-room units and hardwood floors, offering flexibility to combine upper levels into a townhouse-style layout.
Where is this duplex located?
The property is located at 17 Pearl Street New Haven, CT.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two‑family property with 3,400 SF over three floors, featuring large floor plans on the first and second floors; Both first- and second‑floor units offer large 6‑room layouts with hardwood floors; Each unit has 2–3 bedrooms and a full bath
