Two-Unit Duplex with
For Sale
$320,000
Pending
26 Grace St, New Haven, CT 06511
Two one-bedroom residences accompany a level backyard in a New Haven location near downtown, Yale, shopping, dining, and parks.
Property Size1,094 SF
Days on Market60
Property Features for 26 Grace St
General Information
Standard status
Pending
Size
1,094 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1879
Listing Agency:
Roundtree Realty LLC
Listed By:
Jacob Mochkin (347) 981-0571 (475) 227-4312 · License #RES.0834521
(347) 981-0571
Source:
Yourcthomeguide
Added: Aug 21
Changed: Oct 1
Last Checked: Oct 16 at 9:39AM
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 Roundtree Realty LLC
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Investment Insights
Based on property information with market context.
Located at 26 Grace St in New Haven, this duplex contains two one-bedroom units within a residential property built in 1879. The layout provides separate residences, while the level backyard adds outdoor space for relaxation, entertaining, or gardening.
The property is positioned near downtown New Haven, Yale, local parks, shopping, and dining. Major highway access includes I-91, connecting the property with the surrounding area. The two-unit configuration supports residential use by an owner-occupant or placement within a rental portfolio.
The property is positioned near downtown New Haven, Yale, local parks, shopping, and dining. Major highway access includes I-91, connecting the property with the surrounding area. The two-unit configuration supports residential use by an owner-occupant or placement within a rental portfolio.
Key Highlights
- Two 1‑bedroom units
- Level backyard with space for relaxing, entertaining, or gardening
- Property size: 1094
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,414
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,280
$368.3K
Cap Rate 7%
$263,057
$263.1K
Cap Rate 9%
$204,600
$204.6K
Market Conditions
NOI Build-Up for 1,094 SF
Gross rent
$28.2K $25.80/SF
− Vacancy
−$1.9K −$1.75/SF
EGI
$26.3K $24.05/SF
− OpEx
−$7.9K −$7.21/SF
NOI
$18.4K $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%
$368,280
Cap Rate 7%
$263,057
Cap Rate 9%
$204,600
Alternative Uses
Best Use
Multifamily LT 5
$263.1K
$230.2K – $306.9K
NOI $18,414 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$244.8K
$214.2K – $285.6K
NOI $17,135 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$351.9K
$307.9K – $410.6K
NOI $24,634 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences accompany a level backyard in a New Haven location near downtown, Yale, shopping, dining, and parks.
Where is this duplex located?
The property is located at 26 Grace St New Haven, CT.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two 1‑bedroom units; Level backyard with space for relaxing, entertaining, or gardening; Property size: 1094
