Duplex with Attic
For Sale
$625,000
Pending
189 Nicoll, New Haven, CT 06511
Two residential units include newer windows and furnaces, with a walk-up attic for additional possibilities.
Property Size1,900 SF
Days on Market51
Property Features for 189 Nicoll
General Information
Standard status
Pending
Size
1,900 SF
Property subtype
2 Family
Lease Term
Listing ID: 24201013, Standard Status: Pending, MLS Status: Under Contract, Property Subtype: 2 Family, Off market as of 2026-09-25, 21 days on market
Additional Details
Multifamily Units
2
Building Details
Building Size
1,900 SF
Year Built
1900
Buildings
1
Listing Agency:
William Raveis Real Estate
(203) 272-0001
Listed By:
Adrian Cote · License #RES.0788168
(203) 217-7720
Source:
Iverty
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 16 at 9:26AM
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 William Raveis Real Estate
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Investment Insights
Based on property information with market context.
Built in 1900, this RM2-zoned duplex at 189 Nicoll Street contains two residential units and a walk-up attic with existing egress. Newer windows and newer furnaces provide established improvements, while the units offer room for updates and customization.
The property is located in New Haven’s East Rock neighborhood. The attic may support additional living space or a possible third unit, subject to zoning requirements and required approvals.
The property is located in New Haven’s East Rock neighborhood. The attic may support additional living space or a possible third unit, subject to zoning requirements and required approvals.
Key Highlights
- Two‑family duplex in New Haven’s East Rock neighborhood
- RM2 zoning supports the property’s multifamily classification
- Newer windows and newer furnaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,302
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,040
$886.0K
Cap Rate 7%
$632,886
$632.9K
Cap Rate 9%
$492,244
$492.2K
Market Conditions
NOI Build-Up for 2,632 SF
Gross rent
$67.9K $25.80/SF
− Vacancy
−$4.6K −$1.75/SF
EGI
$63.3K $24.05/SF
− OpEx
−$19.0K −$7.21/SF
NOI
$44.3K $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 Rate 5%
$886,040
Cap Rate 7%
$632,886
Cap Rate 9%
$492,244
Alternative Uses
Best Use
Multifamily LT 5
$632.9K
$553.8K – $738.4K
NOI $44,302 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$588.9K
$515.3K – $687.1K
NOI $41,224 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$846.6K
$740.8K – $987.8K
NOI $59,265 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,400
Businesses Nearby
Explore this area
Business Placement
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include newer windows and furnaces, with a walk-up attic for additional possibilities.
Where is this duplex located?
The property is located at 189 Nicoll New Haven, CT.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑family duplex in New Haven’s East Rock neighborhood; RM2 zoning supports the property’s multifamily classification; Newer windows and newer furnaces
