Fully Rehabilitated
197 Burwell Street New Haven, CT 06513
197 Burwell Street, New Haven, CT, 06513
$570,000
For Sale
$570,000
Turnkey duplex with new windows, furnace, and water heater, featuring shared heat and separate electrical.
Property Size2,188 SF
Price / SF$260.51
Days on Market97
Property Features for 197 Burwell Street
General Information
- Standard status
- Active
- Size
- 2,188 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1933
Listing agency
GRL & Realtors, LLC
(203) 781-0000
Listed by
Diana Nastri
(203) 781-0000
Source
Lockandkeyre
Added: Apr 17 Updated: Jul 21 at 5:17AM Checked: Jul 22 at 5:14AM
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 GRL & Realtors, LLC
Investment Insights
Based on property information with market context.
This fully rehabilitated, move-in ready duplex has been updated throughout and includes a new furnace, new water heater, and new windows. Heat is shared between units, while electrical is separate.
The first-floor unit features four bedrooms and two full baths, with a brand-new kitchen and updated bathrooms. A convenient mudroom and access to a one-car garage are included for this level.
The second-floor unit offers two bedrooms and includes a newly renovated kitchen and bath. The property is presented as an adaptable owner-occupant or rental option based on its dual-unit configuration and recent improvements.
The first-floor unit features four bedrooms and two full baths, with a brand-new kitchen and updated bathrooms. A convenient mudroom and access to a one-car garage are included for this level.
The second-floor unit offers two bedrooms and includes a newly renovated kitchen and bath. The property is presented as an adaptable owner-occupant or rental option based on its dual-unit configuration and recent improvements.
Key Highlights
- Fully rehabbed 1933 duplex with modern updates throughout and move‑in readiness
- New furnace, new water heater, and new windows throughout
- Shared heat with separate electrical for each unit
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 | $56.5k | $25.80 |
| − Vacancy | −$3.8k | −$1.75 |
| EGI | $52.6k | $24.05 |
| − OpEx | −$15.8k | −$7.21 |
| NOI | $36.8k | $16.83 |
2,188 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$526.1K
$460.4K – $613.8K
NOI $36,828 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$489.6K
$428.4K – $571.2K
NOI $34,270 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$703.8K
$615.9K – $821.1K
NOI $49,268 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey duplex with new windows, furnace, and water heater, featuring shared heat and separate electrical.
Where is this duplex located?
The property is located at 197 Burwell Street New Haven, CT.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Fully rehabbed 1933 duplex with modern updates throughout and move‑in readiness; New furnace, new water heater, and new windows throughout; Shared heat with separate electrical for each unit
