Two-Family Home with Finished Attic

188 Hazel Street New Haven, CT 06511

Claim this Listing
For Sale
$375,000

MULTI_FAMILY - New Haven, CT

Property size:
2,108 SF
Lot size:
0.11 Acres
Price / SF:
$177/SF
Added:
Jun 16, 2026
Days on Market:
27
Last Refresh:
Jul 12 at 1:06 pm

Property Features for 188 Hazel Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Basement, Bathroom 1, Bedroom 1
Parking
2
Patio and Porch features
Porch
Exterior features
Porch
Basement
Unfinished, Full
Standard status
Active
Size
2,108 SF
Lot size
0.11 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
5436

Utilities

Sewer type
Public Sewer
Heating system
Other (Heating)
Water source
Public

Building Details

Year built
1900
Architectural style
Other

Listing agent Paola Dominguez

Listing office Higgins Group Real Estate 146 S Broad Street, Fairfield, CT

Listing date Jun 16, 2026

MLS# 24184239 Listing URL

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This fully updated, move-in-ready two-family home offers two separate residences, each featuring two bedrooms and a full bath. The top unit also includes access to a fully finished attic, which provides a fifth bedroom along with an additional open area that can function as a home office, media room, or extra living space. A basement is included with laundry facilities, and the property is supported by a two-car driveway.

Located at 188 Hazel Street in New Haven, Connecticut (06511), the property is presented as a convenient option for occupants and tenants who want day-to-day access to shopping, local dining, schools, and major highways. The asset sits on a 0.11-acre lot and is listed under RM2 zoning.

For owner-occupants, the layout supports living in one unit while leasing the other, with the finished attic offering additional room for flexible needs. For investors, the property presents two self-contained units with practical bedroom and bath counts and an added bonus of attic-finished space in the top unit. With laundry in the basement and a two-car driveway, the home is designed for straightforward, functional occupancy.

Key Highlights

  • Two‑family home with 2‑bedroom units and a full bath in each apartment
  • Top unit features access to a fully finished attic with a 5th bedroom plus an open flexible area
  • Basement includes laundry

Local Financial Insights For Apartment 5plus

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 $64.0k $30.36
− Vacancy −$4.0k −$1.88
EGI $60.0k $28.48
− OpEx −$27.0k −$12.81
NOI $33.0k $15.66
2,108 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$506.9K
$443.5K – $591.4K (±1% cap)
NOI $35,482 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$471.7K
$412.7K – $550.3K (±1% cap)
NOI $33,017 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$678.1K
$593.3K – $791.1K (±1% cap)
NOI $47,466 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Skin Care Clinic Dental Office Law Firm Bakery Accounting Firm Acupuncture Carpet & Flooring Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

FAQs

What type of property is this?
Duplex - Two updated units with two bedrooms and full baths, plus a finished attic adding flexible living space to the top unit.
Where is this duplex located?
The property is located at 188 Hazel Street New Haven, CT.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑family home with 2‑bedroom units and a full bath in each apartment; Top unit features access to a fully finished attic with a 5th bedroom plus an open flexible area; Basement includes laundry
Contact an agent
More about this property
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