Two-Unit Duplex with Walkout
New
For Sale
$499,000
185 Forest, West Haven, CT 06516
One apartment is occupied by a tenant, while the other is vacant for a new occupant or owner use.
Property Size1,960 SF
Price / SF$258.55
Days on Market5
Property Features for 185 Forest
General Information
Standard status
Active
Size
1,960 SF
Property subtype
2 Family
Lease Term
Listing ID: 24212719, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 1 day on market
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Building Size
1,960 SF
Year Built
1960
Buildings
1
Listing Agency:
Yellowbrick Real Estate LLC
(203) 445-6949
Listed By:
Amy Jo Fitzgerald · License #RES.0814348
(203) 619-2299
Source:
Iverty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 11 at 8:00AM
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 Yellowbrick Real Estate LLC
Investment Insights
Based on property information with market context.
This 1,930-square-foot duplex was built in 1960 and contains two apartments, each with three bedrooms and one full bathroom. The second-floor unit is tenant-occupied, and the first-floor unit is vacant. A walkout basement provides additional storage space or potential for other use. The property is being sold as is.
Off-street parking is available at the property.
Off-street parking is available at the property.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 full bath
- Second‑floor unit is tenant‑occupied; first‑floor unit is vacant
- 1,930 square feet; built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,486
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,720
$649.7K
Cap Rate 7%
$464,086
$464.1K
Cap Rate 9%
$360,956
$361.0K
Market Conditions
NOI Build-Up for 1,930 SF
Gross rent
$49.8K $25.80/SF
− Vacancy
−$3.4K −$1.75/SF
EGI
$46.4K $24.05/SF
− OpEx
−$13.9K −$7.21/SF
NOI
$32.5K $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 Rate 5%
$649,720
Cap Rate 7%
$464,086
Cap Rate 9%
$360,956
Alternative Uses
Best Use
Multifamily LT 5
$464.1K
$406.1K – $541.4K
NOI $32,486 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$431.8K
$377.9K – $503.8K
NOI $30,229 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$620.8K
$543.2K – $724.3K
NOI $43,458 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
546
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One apartment is occupied by a tenant, while the other is vacant for a new occupant or owner use.
Where is this duplex located?
The property is located at 185 Forest West Haven, CT.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 full bath; Second‑floor unit is tenant‑occupied; first‑floor unit is vacant; 1,930 square feet; built in 1960
