Three-Family Home with In-Unit
195 Elm Street West Haven, CT 06516
For Sale
$689,000
Pending
Three-unit residential income property with in-unit washer/dryer, hardwood floors, and upgraded major systems from the past decade.
Property Size3,906 SF
Days on Market142
Property Features for 195 Elm Street
General Information
- Standard status
- Pending
- Size
- 3,906 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1928
Listing Agency:
Coldwell Banker Realty
(203) 605-7733
Listed By:
Francine V Morrow · License #RES.0797244
(203) 605-7733
Source:
Compass
Added: Mar 4
Changed: Jul 23
Last Checked: Jul 23 at 6:22PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This three-family home offers a total of 9 bedrooms and 3 full bathrooms. Each apartment includes three bedrooms, hardwood flooring, and 1 full updated tiled bath. Kitchen updates feature granite countertops and stainless-steel appliances, and every unit is equipped with its own in-unit washer and dryer.
Major systems have been upgraded within the last ten years, including the roof and siding, electrical service, boilers, and hot water heaters. Outside, the lot provides ample space for up to 10 vehicles in the rear along with additional off-street parking, plus a fire pit area with stone pavers. The current leases are described as long-term, with leases concluding in May.
Major systems have been upgraded within the last ten years, including the roof and siding, electrical service, boilers, and hot water heaters. Outside, the lot provides ample space for up to 10 vehicles in the rear along with additional off-street parking, plus a fire pit area with stone pavers. The current leases are described as long-term, with leases concluding in May.
Key Highlights
- Three‑family home built in 1928 with 9 beds and 3 baths total
- Each apartment includes 3 bedrooms with hardwood flooring and 1 full updated tiled bath
- Kitchens feature granite countertops and stainless‑steel appliances
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 | $118.6k | $30.36 |
| − Vacancy | −$7.4k | −$1.88 |
| EGI | $111.2k | $28.48 |
| − OpEx | −$50.1k | −$12.81 |
| NOI | $61.2k | $15.66 |
3,906 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$939.2K
$821.8K – $1.10M
NOI $65,745 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$874.0K
$764.7K – $1.02M
NOI $61,179 @ 7.0% cap · market cap 8.88%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,952 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit residential income property with in-unit washer/dryer, hardwood floors, and upgraded major systems from the past decade.
Where is this triplex located?
The property is located at 195 Elm Street West Haven, CT.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Three‑family home built in 1928 with 9 beds and 3 baths total; Each apartment includes 3 bedrooms with hardwood flooring and 1 full updated tiled bath; Kitchens feature granite countertops and stainless‑steel appliances
