Duplex with Detached Two-Car
New
For Sale
$419,000
183 Lamson Street, West Haven, CT 06516
Two updated three-bedroom units offer remodeled kitchens, full baths, private parking, and shared laundry hookups.
Property Size1,920 SF
Price / SF$218.23
Days on Market7
Property Features for 183 Lamson Street
General Information
Standard status
Active
Size
1,920 SF
Property subtype
2 Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
screened porch
washer/dryer hookups
fenced backyard
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Seabury Hill REALTORS
Listed By:
Jared Verrillo
(203) 687-9612
Source:
Lockandkeyre
Added: Sep 18
Changed: Sep 23
Last Checked: Sep 22 at 4:27PM
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 Seabury Hill REALTORS
Investment Insights
Based on property information with market context.
Located at 183 Lamson Street in West Haven, this 1930-built duplex contains nearly 2000 sqft of finished living space. Each unit offers 3 bedrooms, a remodeled eat-in kitchen, and a remodeled full bathroom. The upper residence includes a screened porch facing Lamson St.
The property includes a private driveway, detached 2-car garage, and partially fenced backyard. Basement laundry infrastructure includes multiple washer/dryer hookups, with 1 set currently in use. R3 zoning supports the property's duplex configuration. The VA Hospital and University of New Haven are minutes away, with access also provided to I-95, RT 34, downtown West Haven, and nearby sports fields.
The property includes a private driveway, detached 2-car garage, and partially fenced backyard. Basement laundry infrastructure includes multiple washer/dryer hookups, with 1 set currently in use. R3 zoning supports the property's duplex configuration. The VA Hospital and University of New Haven are minutes away, with access also provided to I-95, RT 34, downtown West Haven, and nearby sports fields.
Key Highlights
- Nearly 2000 sqft of finished living space
- Two units, each with 3 bedrooms
- Remodeled eat‑in kitchens and full bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,317
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$646,340
$646.3K
Cap Rate 7%
$461,671
$461.7K
Cap Rate 9%
$359,078
$359.1K
Market Conditions
NOI Build-Up for 1,920 SF
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.
Gross rent
$49.5K $25.80/SF
− Vacancy
−$3.4K −$1.75/SF
EGI
$46.2K $24.05/SF
− OpEx
−$13.9K −$7.21/SF
NOI
$32.3K $16.83/SF
Area
New Haven, CT
Vacancy
6.80%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$646,340
Cap Rate 7%
$461,671
Cap Rate 9%
$359,078
Alternative Uses
Best Use
Multifamily LT 5
$461.7K
$404.0K – $538.6K
NOI $32,317 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$429.6K
$375.9K – $501.2K
NOI $30,072 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$617.6K
$540.4K – $720.6K
NOI $43,233 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 06516, CT
55,584
Population
21,884
Households
2.5
Avg Household Size
38
Median Age
29%
College-Educated
88%
High-School Grad
10.8 sq mi
ZIP Area
5,147
Density / Sq Mi
$73,566
Median Household Income
$41,123
Median Earnings
$1,389
Median Rent
$265,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated three-bedroom units offer remodeled kitchens, full baths, private parking, and shared laundry hookups.
Where is this duplex located?
The property is located at 183 Lamson Street West Haven, CT.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Nearly 2000 sqft of finished living space; Two units, each with 3 bedrooms; Remodeled eat‑in kitchens and full bathrooms in both units
