Historic Two-Family with
For Sale
$725,000
215 Dwight, New Haven, CT 06511
Corner property offers two residential units, private outdoor space, and convenient access to downtown amenities.
Property Size2,587 SF
Price / SF$280.25
Days on Market68
Property Features for 215 Dwight
General Information
Standard status
Active
Size
2,587 SF
Total Parking Spaces
2
Property subtype
2 Family
Site & Location
Neighborhood
Dwight
Utilities to Site
Yes
Units
Multifamily Units
2
Parking per Unit
1
Amenities
backyard
heated basement
Building Details
Year Built
1900
Buildings
1
Stories
3
Construction
Italianate
Listing Agency:
Houlihan Lawrence WD
(203) 787-6888
Listed By:
Olivia Martson · License #RES.0437413
(203) 668-7350
Source:
Lockandkeyre
Added: Aug 20
Changed: Oct 25
Last Checked: Oct 24 at 5:17PM
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 Houlihan Lawrence WD
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Investment Insights
Based on property information with market context.
This historic Italianate duplex occupies a corner site and retains original architectural character, including hardwood floors, crown molding, decorative fireplaces, arched openings, French doors, and a boxed-bay dining window. The first-floor residence includes a renovated kitchen with granite counters, stainless steel appliances, and updated flooring, along with a renovated bathroom and heated basement space. The upper residence spans the second and third floors with four bedrooms, a kitchen, bathroom, laundry room, and additional lounge or reading area beneath a vaulted ceiling. Both units have gas heat and hot water.
The property is located at 215 Dwight St in New Haven’s Dwight neighborhood, near Broadway, downtown, art museums, theaters, bookstores, and coffee shops. Walk Score is 86, Bike Score is 79, and Transit Score is 51. A backyard and two off-street parking spaces provide one space for each unit.
The property is located at 215 Dwight St in New Haven’s Dwight neighborhood, near Broadway, downtown, art museums, theaters, bookstores, and coffee shops. Walk Score is 86, Bike Score is 79, and Transit Score is 51. A backyard and two off-street parking spaces provide one space for each unit.
Key Highlights
- Two‑family property with separate residential units
- First‑floor unit includes renovated kitchen and bathroom plus heated basement space
- Upper unit spans the second and third floors with 4 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,544
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,880
$870.9K
Cap Rate 7%
$622,057
$622.1K
Cap Rate 9%
$483,822
$483.8K
Market Conditions
NOI Build-Up for 2,587 SF
Gross rent
$66.7K $25.80/SF
− Vacancy
−$4.5K −$1.75/SF
EGI
$62.2K $24.05/SF
− OpEx
−$18.7K −$7.21/SF
NOI
$43.5K $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%
$870,880
Cap Rate 7%
$622,057
Cap Rate 9%
$483,822
Alternative Uses
Best Use
Multifamily LT 5
$622.1K
$544.3K – $725.7K
NOI $43,544 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$578.8K
$506.5K – $675.3K
NOI $40,519 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$832.2K
$728.2K – $970.9K
NOI $58,252 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,149
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 - Corner property offers two residential units, private outdoor space, and convenient access to downtown amenities.
Where is this duplex located?
The property is located at 215 Dwight New Haven, CT.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two‑family property with separate residential units; First‑floor unit includes renovated kitchen and bathroom plus heated basement space; Upper unit spans the second and third floors with 4 bedrooms
