Two-Unit Duplex with
New
For Sale
$499,000
192 Norton, New Haven, CT 06511
Both residences are occupied under month-to-month tenancies, allowing flexibility in future occupancy.
Property Size2,725 SF
Price / SF$183.12
Days on Market3
Property Features for 192 Norton
General Information
Standard status
Active
Size
2,725 SF
Total Parking Spaces
2
Property subtype
2 Family
Site & Location
Neighborhood
Edgewood
Public Transit
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1900
Listing Agency:
Real Broker CT, LLC
(855) 450-0442
Listed By:
Khrystyna Chorna · License #RES.0830002
(347) 313-1458
Source:
Lockandkeyre
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 1:43PM
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 Real Broker CT, LLC
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Investment Insights
Based on property information with market context.
Built in 1900, this duplex contains 2,725 square feet across two occupied residences. The first has two bedrooms, a full bathroom, hardwood floors, high ceilings, and separate living and dining rooms. The second includes a bedroom, full bathroom, living room, family room, eat-in kitchen, balcony, and upper-level office and exercise rooms. Hardwood and carpet flooring are present in this unit. The property also has a full unfinished basement, a backyard, and a two-car garage.
The property is near Edgewood Park, Yale University, Yale New Haven Hospital, Southern Connecticut State University, Albertus Magnus College, downtown New Haven, shopping, dining, and public transportation. Both residences have month-to-month tenants.
The property is near Edgewood Park, Yale University, Yale New Haven Hospital, Southern Connecticut State University, Albertus Magnus College, downtown New Haven, shopping, dining, and public transportation. Both residences have month-to-month tenants.
Key Highlights
- Two occupied residences with month‑to‑month tenants
- 2,725 square feet; built in 1900
- First residence has 2 bedrooms and separate living and dining rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,867
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,340
$917.3K
Cap Rate 7%
$655,243
$655.2K
Cap Rate 9%
$509,633
$509.6K
Market Conditions
NOI Build-Up for 2,725 SF
Gross rent
$70.3K $25.80/SF
− Vacancy
−$4.8K −$1.75/SF
EGI
$65.5K $24.05/SF
− OpEx
−$19.7K −$7.21/SF
NOI
$45.9K $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%
$917,340
Cap Rate 7%
$655,243
Cap Rate 9%
$509,633
Alternative Uses
Best Use
Multifamily LT 5
$655.2K
$573.3K – $764.5K
NOI $45,867 @ 7.0% cap · market cap 9.19%
Second Best
Apartment 5plus
$609.7K
$533.5K – $711.4K
NOI $42,681 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$876.6K
$767.0K – $1.02M
NOI $61,360 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,868
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied under month-to-month tenancies, allowing flexibility in future occupancy.
Where is this duplex located?
The property is located at 192 Norton New 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 occupied residences with month‑to‑month tenants; 2,725 square feet; built in 1900; First residence has 2 bedrooms and separate living and dining rooms
