Two-Unit Duplex with Sun
New
For Sale
$750,000
217 Alden, New Haven, CT 06515
Two separate apartments combine spacious bedroom layouts with shared laundry, outdoor space, and off-street parking.
Property Size1,900 SF
Price / SF$289.24
Days on Market6
Property Features for 217 Alden
General Information
Standard status
Active
Size
1,900 SF
Property subtype
2 Family
Occupancy
100%
Lease Term
Listing ID: 24213936, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 4 days on market
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
off-street parking
Building Details
Building Size
1,900 SF
Year Built
1900
Buildings
1
Listing Agency:
Cordelli Realty LLC
(203) 856-4317
Listed By:
Jake Cordelli · License #REB.0793614
Source:
Iverty
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 16 at 9:42AM
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 occupied apartments with a combined seven bedrooms and 3.5 bathrooms. One unit has three bedrooms and one bathroom; the other offers four bedrooms and 2.5 bathrooms. Interior features include hardwood flooring, an updated kitchen with granite countertops and stainless steel appliances, and living and dining areas. A covered sun porch and an additional bonus room add to the property’s interior and exterior spaces. On-site laundry, a private yard, and off-street parking are also included.
The property at 217 Alden Avenue is in New Haven, with access to Southern Connecticut State University, Albertus Magnus College, downtown, restaurants, and shopping.
The property at 217 Alden Avenue is in New Haven, with access to Southern Connecticut State University, Albertus Magnus College, downtown, restaurants, and shopping.
Key Highlights
- Two occupied apartments with 7 bedrooms and 3.5 bathrooms combined
- 2,593 square feet; built in 1900
- Three‑bedroom, one‑bath unit and four‑bedroom, 2.5‑bath unit
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
632
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments combine spacious bedroom layouts with shared laundry, outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 217 Alden 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 occupied apartments with 7 bedrooms and 3.5 bathrooms combined; 2,593 square feet; built in 1900; Three‑bedroom, one‑bath unit and four‑bedroom, 2.5‑bath unit
