Duplex with Two-Car
New
For Sale
$499,000
192 Norton Street, New Haven, CT 06511
Multi-Family For Sale, Units on different Floors, New Haven, CT
Property Size2,725 SF
Lot Size0.17 Acres
Price / SF$183.12
Days on Market3
Property Features for 192 Norton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1
Parking
2
Patio and Porch features
Porch
Exterior features
Balcony,Porch,Gutters
Basement
Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Use GPS
Standard status
Active
Size
2,725 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
5335
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1900
Architectural style
Other
Buildings
1
Listing Agency:
Real Broker CT, LLC
(855) 450-0442
Listed By:
Khrystyna Chorna · License #RES.0830002
(347) 313-1458
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 11:06PM
MLS# 24214516
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.
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Investment Insights
Based on property information with market context.
This two-unit property contains 2,725 square feet on a 0.17-acre lot and was built in 1900. The first apartment has two bedrooms, a full bathroom, living and dining rooms, and a kitchen. The second includes a bedroom, full bathroom, living room, family room, eat-in kitchen, and upper-level office and exercise rooms. A full unfinished basement, two-car garage, backyard, porch, and balcony are also part of the property. Both units are occupied by month-to-month tenants, and the zoning is RM2.
The property is in New Haven near Edgewood Park, Yale University, Yale New Haven Hospital, Southern Connecticut State University, and Albertus Magnus College. Downtown New Haven, shopping, dining, and public transportation are also identified nearby.
The property is in New Haven near Edgewood Park, Yale University, Yale New Haven Hospital, Southern Connecticut State University, and Albertus Magnus College. Downtown New Haven, shopping, dining, and public transportation are also identified nearby.
Key Highlights
- Two occupied units with month‑to‑month tenants
- 2,725 square feet on a 0.17‑acre lot
- Two‑car garage and full unfinished basement
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
100%
Occupancy
Multi-tenant
Tenancy
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 apartments are occupied under month-to-month tenancies, offering flexibility in how the property is operated.
Where is this duplex located?
The property is located at 192 Norton Street 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 units with month‑to‑month tenants; 2,725 square feet on a 0.17‑acre lot; Two‑car garage and full unfinished basement
