Two-Family Duplex with Wraparound
23 Oregon Ave East Haven, CT 06512
New
For Sale
$639,000
Duplex on a .32-acre lot with a renovated kitchen, expansive deck, and a peaceful double-waterfall koi pond.
Lot Size0.32 Acres
Days on Market2
Property Features for 23 Oregon Ave
General Information
Standard status
Active
Lot size
0.32 Acres
Property subtype
Multi Family
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty | Woodbridge
(203) 710-2548
Listed By:
Buddy L. Degennaro · License #REB.0757044
(203) 710-2548
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 2:59AM
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 Coldwell Banker Realty | Woodbridge
Investment Insights
Based on property information with market context.
Located at 23 Oregon Ave in East Haven, Connecticut, this two-family duplex sits on a beautifully landscaped, private .32-acre lot. Built in 1900, the property has been owner-occupied and meticulously maintained for 27 years, combining historic character with modern updates.
A wraparound front porch welcomes you, while the backyard is anchored by a spectacular double-waterfall koi pond tucked into a natural rock outcropping. The grounds include expansive lawn areas for recreation and entertaining, with a direct connection from the first-floor dining area to an expansive wood deck.
The first-floor unit offers flexible living as an in-law apartment, professional home office, or rental opportunity. It includes a spacious living room with a stone fireplace, a generous kitchen, a large dining room, one bedroom, and a full bath. The upper unit spans the second and third floors and features a beautifully renovated kitchen with granite countertops, along with a large family room and additional living areas.
WalkScore is 15 and BikeScore is 30, indicating a car-dependent lifestyle.
A wraparound front porch welcomes you, while the backyard is anchored by a spectacular double-waterfall koi pond tucked into a natural rock outcropping. The grounds include expansive lawn areas for recreation and entertaining, with a direct connection from the first-floor dining area to an expansive wood deck.
The first-floor unit offers flexible living as an in-law apartment, professional home office, or rental opportunity. It includes a spacious living room with a stone fireplace, a generous kitchen, a large dining room, one bedroom, and a full bath. The upper unit spans the second and third floors and features a beautifully renovated kitchen with granite countertops, along with a large family room and additional living areas.
WalkScore is 15 and BikeScore is 30, indicating a car-dependent lifestyle.
Key Highlights
- Two‑family duplex built in 1900 on a private .32‑acre lot
- Wraparound front porch for welcoming outdoor living
- Double‑waterfall koi pond set into a natural rock outcropping
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 | $86.5k | $25.80 |
| − Vacancy | −$5.9k | −$1.75 |
| EGI | $80.6k | $24.05 |
| − OpEx | −$24.2k | −$7.21 |
| NOI | $56.4k | $16.83 |
3,353 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$806.2K
$705.5K – $940.6K
NOI $56,437 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$750.2K
$656.5K – $875.3K
NOI $52,517 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$1.08M
$943.8K – $1.26M
NOI $75,500 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a .32-acre lot with a renovated kitchen, expansive deck, and a peaceful double-waterfall koi pond.
Where is this duplex located?
The property is located at 23 Oregon Ave East Haven, CT.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Two‑family duplex built in 1900 on a private .32‑acre lot; Wraparound front porch for welcoming outdoor living; Double‑waterfall koi pond set into a natural rock outcropping
