191 Richards St West Haven, CT 06516
Well-maintained two-family property with strong cash flow and upside.
- Added:
- May 21, 2026
- Days on Market:
- 55
- Last Refresh:
- Jul 2 at 9:22 am
Property Features for 191 Richards St
General Information
- Standard status
- Active
- Size
- 2,233 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing office (203) 583-0419
Listing date May 21, 2026
Source Elliman
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 Marcos Flores
Investment Insights
Based on property information with market context.
Key Highlights
- Turnkey investment property generating $5,000/month in rental income.
- Two‑family property with 4 bedrooms and 2 bathrooms totaling 2,233 sqft.
- Finished attic provides flexible space.
Local 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 | $57.6k | $25.80 |
| − Vacancy | −$3.9k | −$1.75 |
| EGI | $53.7k | $24.05 |
| − OpEx | −$16.1k | −$7.21 |
| NOI | $37.6k | $16.83 |
