Residential Income
18 Cottage Street New Haven, CT 06511
For Sale
$925,000
Multi-family home with wood floors, glass room dividers, an expanded third-floor master suite, and an original carriage-house-style garage.
Property Size2,134 SF
Price / SF$433.46
Days on Market89
Property Features for 18 Cottage Street
General Information
- Standard status
- Active
- Size
- 2,134 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1905
Listing Agency:
Betsy Grauer Realty, Inc
(203) 314-4144
Listed By:
Susan H Frew · License #REB.0755600
(203) 314-4144
Source:
Compass
Added: Apr 27
Changed: Jul 23
Last Checked: Jul 23 at 5:13PM
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 Betsy Grauer Realty, Inc
Investment Insights
Based on property information with market context.
This multi-family home offers a well-cared-for layout with wood floors and glass doors separating rooms. The third floor includes an expanded master suite with a dedicated bathroom. An on-site garage/carriage house is also present, described as an original carriage house designed to make carriages, providing a distinct secondary structure.
The property is located on a quiet one-way street. Public transit access is noted via the Yale shuttle and a public bus line, and the public remarks also reference a grocery store and coffee shop on the corner.
Additional features mentioned include light throughout the home and an even koi pond on the property.
The property is located on a quiet one-way street. Public transit access is noted via the Yale shuttle and a public bus line, and the public remarks also reference a grocery store and coffee shop on the corner.
Additional features mentioned include light throughout the home and an even koi pond on the property.
Key Highlights
- Multi‑family home on a quiet one‑way street with wood floors and glass room dividers
- Expanded third‑floor master suite includes a bathroom
- Walk‑up attic and 8 total rooms
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 | $55.1k | $25.80 |
| − Vacancy | −$3.7k | −$1.75 |
| EGI | $51.3k | $24.05 |
| − OpEx | −$15.4k | −$7.21 |
| NOI | $35.9k | $16.83 |
2,134 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$513.1K
$449.0K – $598.7K
NOI $35,919 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$477.5K
$417.8K – $557.1K
NOI $33,424 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$686.5K
$600.7K – $800.9K
NOI $48,052 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Multi-family home with wood floors, glass room dividers, an expanded third-floor master suite, and an original carriage-house-style garage.
Where is this duplex located?
The property is located at 18 Cottage Street New Haven, CT.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Multi‑family home on a quiet one‑way street with wood floors and glass room dividers; Expanded third‑floor master suite includes a bathroom; Walk‑up attic and 8 total rooms
