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180 Willow Street, New Haven, CT, 06511
Legal Three-Family Residence

180 Willow Street New Haven, CT 06511

For Sale
$699,500
Pending

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

Property Size2,842 SF
Days on Market52

Property Features for 180 Willow Street

General Information

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

Building Details

Year Built
1900
Listing Agency: Betsy Grauer Realty, Inc
Listed By: Rebecca Weiner
Source: Lockandkeyre
Added: Jun 5 Changed: Jul 10 Last Checked: Jul 26 at 7:55AM

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 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.

Key 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

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.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

(Bike/Boat/Book/etc) Store Computer & Electronic Repair Florist (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Veterinary Clinic Pharmacy Clothing & Fashion Store Tech Support Center (Bike/Boat/Book/etc) Store

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

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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