Two-Unit Duplex with Hardwood
New
For Sale
$549,000
27 Manila, Woodbridge, CT 06525
Each residence has its own utility services, with city water and sewer plus natural gas.
Property Size2,376 SF
Price / SF$231.06
Days on Market7
Property Features for 27 Manila
General Information
Standard status
Active
Size
2,376 SF
Property subtype
2 Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1966
Buildings
1
Listing Agency:
Coldwell Banker Realty
(203) 481-4571
Listed By:
Samantha Celentano · License #RES.0806227
(203) 871-8254
Source:
Lockandkeyre
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 7:52PM
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
Investment Insights
Based on property information with market context.
This duplex contains two residences, each with just under 1,200 square feet, three bedrooms, and one full bathroom. Hardwood floors extend throughout both units, and each has separate utilities. The property was built in 1966 and is zoned D.
City water, city sewer, and natural gas serve the building. The rear of the property faces views of a neighboring ball field.
City water, city sewer, and natural gas serve the building. The rear of the property faces views of a neighboring ball field.
Key Highlights
- Two residences, each with just under 1,200 square feet
- Each unit has 3 bedrooms and 1 full bathroom
- Hardwood flooring throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,993
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,860
$799.9K
Cap Rate 7%
$571,329
$571.3K
Cap Rate 9%
$444,367
$444.4K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$61.3K $25.80/SF
− Vacancy
−$4.2K −$1.75/SF
EGI
$57.1K $24.05/SF
− OpEx
−$17.1K −$7.21/SF
NOI
$40.0K $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%
$799,860
Cap Rate 7%
$571,329
Cap Rate 9%
$444,367
Alternative Uses
Best Use
Multifamily LT 5
$571.3K
$499.9K – $666.6K
NOI $39,993 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$531.6K
$465.2K – $620.3K
NOI $37,215 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$764.3K
$668.8K – $891.7K
NOI $53,501 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
Explore this area
Business Placement
Demographics for 06525, CT
9,087
Population
3,408
Households
2.7
Avg Household Size
46
Median Age
74%
College-Educated
97%
High-School Grad
18.8 sq mi
ZIP Area
483
Density / Sq Mi
$201,926
Median Household Income
$100,882
Median Earnings
$1,896
Median Rent
$546,400
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own utility services, with city water and sewer plus natural gas.
Where is this duplex located?
The property is located at 27 Manila Woodbridge, CT.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two residences, each with just under 1,200 square feet; Each unit has 3 bedrooms and 1 full bathroom; Hardwood flooring throughout both units
