Multi-Unit Residential Income
242 Front Avenue West Haven, CT 06516
242 Front Avenue, West Haven, CT, 06516
$965,000
For Sale
$965,000
Two connected addresses sold together as a five-unit residential income property.
Property Size2,208 SF
Price / SF$437.05
Days on Market31
Property Features for 242 Front Avenue
General Information
- Standard status
- Active
- Size
- 2,208 SF
- Property subtype
- 5 Family+
Building Details
- Year Built
- 1900
Listing Agency
Weichert, Realtors-On The Mark
(203) 668-8862
Listed by
Gregorio Santiago · License #RES.0800318
(203) 668-8862
Source
Lockandkeyre
Added: Jun 18 Checked: Jul 17 at 5:49 am
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 Weichert, Realtors-On The Mark
Investment Insights
Based on property information with market context.
242-246 Front Ave is being offered as a single property sold on one deed, totaling five residential units across the combined addresses. The listing is structured for an investor or buyer seeking a small, manageable multifamily income asset.
The property is located at 242 Front Avenue in West Haven, Connecticut. The record identifies the combined offering as covering 242-246 Front Ave, which indicates the units are packaged together for one closing.
With five total units in the consolidated sale, this property can fit buyers looking for a residential income portfolio with multiple units rather than a single home. Prospective owners should review the unit mix and operating details during due diligence, as the listing notes only the total unit count and combined deed structure.
The property is located at 242 Front Avenue in West Haven, Connecticut. The record identifies the combined offering as covering 242-246 Front Ave, which indicates the units are packaged together for one closing.
With five total units in the consolidated sale, this property can fit buyers looking for a residential income portfolio with multiple units rather than a single home. Prospective owners should review the unit mix and operating details during due diligence, as the listing notes only the total unit count and combined deed structure.
Key Highlights
- Sold on one deed as 5‑unit residential income property (242–246 Front Ave)
- Year built: 1900
- Two connected addresses included in the five‑unit setup
Local Financial Insights For Apartment 5plus
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 | $67.0k | $30.36 |
| − Vacancy | −$4.2k | −$1.88 |
| EGI | $62.9k | $28.48 |
| − OpEx | −$28.3k | −$12.81 |
| NOI | $34.6k | $15.66 |
2,208 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$494.0K
$432.3K – $576.4K
NOI $34,583 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$710.3K
$621.5K – $828.6K
NOI $49,718 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two connected addresses sold together as a five-unit residential income property.
Where is this apartment building located?
The property is located at 242 Front Avenue West Haven, CT.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Sold on one deed as 5‑unit residential income property (242–246 Front Ave); Year built: 1900; Two connected addresses included in the five‑unit setup
