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    Legal Three-Family Residence Title is generated by Realmo AI

    180 Willow Street, New Haven, CT 06511

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    Claim this Listing
    New
    For Sale
    $699,500

    Three-unit income property with off-street parking, basement laundry, and multiple recent updates.

    Type:3 Family
    Property size:
    2,842 SF
    Price / SF:
    $246/SF
    Added:
    Jun 5, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 10 at 1:57 am

    Property Features for 180 Willow Street

    General Information

    Standard status
    Active
    Size
    2,842 SF
    Property subtype
    3 Family

    Building Details

    Year Built
    1900

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    Listing Contact
    Rebecca Weiner

    Listing agent Rebecca Weiner

    Listing office Betsy Grauer Realty, Inc

    Listing date Jun 5, 2026

    Source Lockandkeyre

    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

    HighLights

    • Legal 3‑family home built in 1900 with basement laundry and 4 off‑street parking spots plus a small backyard and shed
    • Updated with replacement windows, mostly rewired electric (including house panel) and a 2022 roof
    • 3rd/4th floor apartments can be combined for an owner's unit, with 3 bedrooms and 1350+ sq ft; potential 4 BR, 2 baths, 1800+ sq ft
    • All long‑term tenants; total rent almost $5,000/month and leases end 7/31/26
    • Entire house repainted, and driveway/parking lot repaved
    • Worthington Hooker School Attendance Zone; walkable to Yale and downtown, plus Yale Shuttle stop nearby

    Overview

    This legal three-family residence is housed in a historic 1840s home with a post-and-beam frame and notable period details, including curved front stairs with hand-carved balustrades and rail, wide-plank wood floors, and decorative mantels. The property includes replacement windows, mostly rewired electric with a house panel plus an additional panel ready for solar, and a roof installed in 2022. Laundry is located in the basement. The combined third and fourth floor apartment layout offers an owner-occupant option, with three bedrooms and 1,350+ square feet available as configured, and room to expand to a larger four-bedroom, two-bath configuration with additional cosmetic changes. Outside, there is a small backyard area, a shed, and four off-street parking spots. The entire house has been repainted, and the driveway/parking lot has been repaved.

    The property is described as being in the heart of East Rock and within the Worthington Hooker School Attendance Zone. It is steps from East Rock Park/playground and near East Rock-area shops and cafes on Orange Street, with an easy walk to Yale and downtown. It is also positioned about a half block from a Yale Shuttle stop and approximately 4.5 blocks from Worthington Hooker, with easy on/off access for routes 91/95.

    For tenants or owner occupants, this structure provides three separate apartments with long-term stable tenancy and basement laundry. For investors, the current leases are stated to end 7/31/26, and the seller indicates units can be left clean and empty at closing or re-rented at new rent based on new owner preference. The home’s updates and flexible upper-floor configuration support multiple ways to use the property depending on occupancy goals.

    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 $73.3k $25.80
    − Vacancy −$5.0k −$1.75
    EGI $68.3k $24.05
    − OpEx −$20.5k −$7.21
    NOI $47.8k $16.83
    2,842 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $683.4K
    $598.0K – $797.3K (±1% cap)
    NOI $47,836 @ 7.0% cap · market cap 6.84%
    Second Best
    Apartment 5plus
    $635.9K
    $556.4K – $741.9K (±1% cap)
    NOI $44,513 @ 7.0% cap · market cap 6.36%
    Theoretical Best
    Office A
    $914.2K
    $799.9K – $1.07M (±1% cap)
    NOI $63,994 @ 7.0% cap · market cap 9.15%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9101431
    Latitude
    41.3210846

    FAQs

    What type of property is this?
    Triplex - Three-unit income property with off-street parking, basement laundry, and multiple recent updates.
    Where is this triplex located?
    The property is located at 180 Willow Street New Haven, CT.
    What is the asking price?
    The asking price for this property is $699,500.
    What are key features of this property?
    This property features: Legal 3‑family home built in 1900 with basement laundry and 4 off‑street parking spots plus a small backyard and shed; Updated with replacement windows, mostly rewired electric (including house panel) and a 2022 roof; 3rd/4th floor apartments can be combined for an owner's unit, with 3 bedrooms and 1350+ sq ft; potential 4 BR, 2 baths, 1800+ sq ft
    More about this property
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