Two-Property Duplex
New
For Sale
$467,500
242 Front, West Haven, CT 06516
The paired properties are near transit, shopping, schools, parks, and shoreline recreation.
Property Size1,900 SF
Price / SF$211.73
Days on Market6
Property Features for 242 Front
General Information
Standard status
Active
Size
1,900 SF
Property subtype
2 Family
Lease Term
Listing ID: 24213012, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 1 day on market
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Building Size
1,900 SF
Year Built
1900
Buildings
2
Listing Agency:
Five Stars Realty
(860) 560-1500
Listed By:
Karina Guissela Naranjo Echeverria · License #RES.0837043
Source:
Iverty
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 12 at 8:36PM
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 Five Stars Realty
Investment Insights
Based on property information with market context.
This offering combines two neighboring multifamily properties at 242 Front Avenue and 246 Front Avenue in West Haven. The properties are being sold together as one package.
The location provides access to I-95, Route 1, downtown New Haven, public transportation, and the West Haven train station. Shopping, restaurants, schools, parks, and shoreline recreation are also nearby.
The location provides access to I-95, Route 1, downtown New Haven, public transportation, and the West Haven train station. Shopping, restaurants, schools, parks, and shoreline recreation are also nearby.
Key Highlights
- Two neighboring multifamily properties offered together
- Addresses: 242 Front Avenue and 246 Front Avenue, West Haven, CT 06516
- Access to I‑95 and Route 1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,165
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,300
$743.3K
Cap Rate 7%
$530,929
$530.9K
Cap Rate 9%
$412,944
$412.9K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$57.0K $25.80/SF
− Vacancy
−$3.9K −$1.75/SF
EGI
$53.1K $24.05/SF
− OpEx
−$15.9K −$7.21/SF
NOI
$37.2K $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%
$743,300
Cap Rate 7%
$530,929
Cap Rate 9%
$412,944
Alternative Uses
Best Use
Multifamily LT 5
$530.9K
$464.6K – $619.4K
NOI $37,165 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$494.0K
$432.3K – $576.4K
NOI $34,583 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$710.3K
$621.5K – $828.6K
NOI $49,718 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Explore this area
Business Placement
Demographics for 06516, CT
55,584
Population
21,884
Households
2.5
Avg Household Size
38
Median Age
29%
College-Educated
88%
High-School Grad
10.8 sq mi
ZIP Area
5,147
Density / Sq Mi
$73,566
Median Household Income
$41,123
Median Earnings
$1,389
Median Rent
$265,200
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 - The paired properties are near transit, shopping, schools, parks, and shoreline recreation.
Where is this duplex located?
The property is located at 242 Front West Haven, CT.
What is the asking price?
The asking price for this property is $467,500.
What are key features of this property?
This property features: Two neighboring multifamily properties offered together; Addresses: 242 Front Avenue and 246 Front Avenue, West Haven, CT 06516; Access to I‑95 and Route 1
