Duplex with Private
For Sale
$799,000
Pending
219 Dwight Street, New Haven, CT 06511
Separate gas and electric utilities serve two apartments with distinct layouts and a private patio.
Property Size2,770 SF
Days on Market147
Property Features for 219 Dwight Street
General Information
Standard status
Pending
Size
2,770 SF
Property subtype
2 Family
Building Details
Year Built
1917
Listing Agency:
Seabury Hill REALTORS
(203) 675-3942
Listed By:
John Hill · License #REB.0795121
(203) 675-3942
Source:
Lockandkeyre
Added: Apr 6
Changed: Aug 30
Last Checked: Aug 30 at 1:23AM
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 Seabury Hill REALTORS
Investment Insights
Based on property information with market context.
Built in 1917, this 2,770-square-foot duplex contains two apartments with separate gas and electric utilities. The first-floor residence measures 1,154 square feet and offers two bedrooms, one bathroom, an open living and dining arrangement, wood flooring, an exposed brick chimney, and a kitchen with stainless steel appliances. The upper residence spans the second and third floors with six bedrooms and two bathrooms, including vaulted ceilings and skylights on the top level. A private backyard with patio adds outdoor space to the property.
The building is located at 219 Dwight Street in Downtown New Haven, near Broadway and Yale. Property updates include a new roof installed in 2025, one new furnace, and replacement of most windows.
The building is located at 219 Dwight Street in Downtown New Haven, near Broadway and Yale. Property updates include a new roof installed in 2025, one new furnace, and replacement of most windows.
Key Highlights
- 2,770‑square‑foot duplex with two apartments
- Unit mix includes a 2‑bedroom, 1‑bath apartment and a 6‑bedroom, 2‑bath apartment
- First‑floor apartment measures 1,154 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,624
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$932,480
$932.5K
Cap Rate 7%
$666,057
$666.1K
Cap Rate 9%
$518,044
$518.0K
Market Conditions
NOI Build-Up for 2,770 SF
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.
Gross rent
$71.5K $25.80/SF
− Vacancy
−$4.9K −$1.75/SF
EGI
$66.6K $24.05/SF
− OpEx
−$20.0K −$7.21/SF
NOI
$46.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$932,480
Cap Rate 7%
$666,057
Cap Rate 9%
$518,044
Alternative Uses
Best Use
Multifamily LT 5
$666.1K
$582.8K – $777.1K
NOI $46,624 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$619.8K
$542.3K – $723.1K
NOI $43,386 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$891.0K
$779.7K – $1.04M
NOI $62,373 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,149
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric utilities serve two apartments with distinct layouts and a private patio.
Where is this duplex located?
The property is located at 219 Dwight Street New Haven, CT.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,770‑square‑foot duplex with two apartments; Unit mix includes a 2‑bedroom, 1‑bath apartment and a 6‑bedroom, 2‑bath apartment; First‑floor apartment measures 1,154 square feet
