2-Unit Duplex with Sun
New
For Sale
$750,000
217 Alden Ave, New Haven, CT 06515
Both residences are occupied and offer three- and four-bedroom layouts with on-site laundry and off-street parking.
Property Size2,593 SF
Price / SF$289.24
Days on Market6
Property Features for 217 Alden Ave
General Information
Standard status
Active
Size
2,593 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 4BR/2.5BA
Multifamily Units
2
Amenities
covered sun porch
bonus room
on-site washer and dryer
private yard
Building Details
Year Built
1900
Listing Agency:
Cordelli Realty LLC
Listed By:
Jake Cordelli (203) 856-4317 (203) 856-4317 · License #REB.0793614
(203) 856-4317
Source:
Fairfieldcounty-properties
Added: Oct 11
Changed: Oct 16
Last Checked: Oct 16 at 9:37AM
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 Cordelli Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,593-square-foot duplex contains two residences with a combined seven bedrooms and 3.5 bathrooms. The first unit has three bedrooms and one bathroom; the second has four bedrooms and 2.5 bathrooms. Interior features include hardwood flooring, an updated kitchen with granite counters and stainless steel appliances, and living and dining areas. A covered sun porch, bonus room, washer and dryer, private yard, and off-street parking add to the property’s features.
The property is in New Haven, with access to Southern Connecticut State University, Albertus Magnus College, downtown, restaurants, and shopping. The bonus room provides additional interior space, while the two residences have distinct bedroom and bathroom configurations.
The property is in New Haven, with access to Southern Connecticut State University, Albertus Magnus College, downtown, restaurants, and shopping. The bonus room provides additional interior space, while the two residences have distinct bedroom and bathroom configurations.
Key Highlights
- Two residences totaling 7 bedrooms and 3.5 bathrooms
- 2,593 square feet; built in 1900
- Unit 1: 3 bedrooms and 1 bathroom; Unit 2: 4 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,645
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,900
$872.9K
Cap Rate 7%
$623,500
$623.5K
Cap Rate 9%
$484,944
$484.9K
Market Conditions
NOI Build-Up for 2,593 SF
Gross rent
$66.9K $25.80/SF
− Vacancy
−$4.5K −$1.75/SF
EGI
$62.4K $24.05/SF
− OpEx
−$18.7K −$7.21/SF
NOI
$43.6K $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%
$872,900
Cap Rate 7%
$623,500
Cap Rate 9%
$484,944
Alternative Uses
Best Use
Multifamily LT 5
$623.5K
$545.6K – $727.4K
NOI $43,645 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$580.2K
$507.7K – $676.9K
NOI $40,613 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$834.1K
$729.8K – $973.1K
NOI $58,387 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 06515, CT
17,877
Population
7,531
Households
2.4
Avg Household Size
33
Median Age
48%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
3,886
Density / Sq Mi
$74,044
Median Household Income
$40,209
Median Earnings
$1,410
Median Rent
$284,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 and offer three- and four-bedroom layouts with on-site laundry and off-street parking.
Where is this duplex located?
The property is located at 217 Alden Ave New Haven, CT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two residences totaling 7 bedrooms and 3.5 bathrooms; 2,593 square feet; built in 1900; Unit 1: 3 bedrooms and 1 bathroom; Unit 2: 4 bedrooms and 2.5 bathrooms
