31 Greenwood Street New Haven, CT 06519
Recently renovated multifamily property featuring multiple bedrooms and bathrooms.
Property Features for 31 Greenwood Street
General Information
- Standard status
- Active
- Size
- 1,875 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing office Beycome of Connecticut (804) 656-5007
Listing date May 7, 2025
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Newly Renovated: Enjoy new kitchens, bathrooms, flooring, and paint.
- High Rental Income Potential: A 'cash cow' with its many bedrooms.
- Seven Bedrooms Total: Featuring 3 bedrooms on the first floor and 4 on the second.
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 | $56.9k | $30.36 |
| − Vacancy | −$3.5k | −$1.88 |
| EGI | $53.4k | $28.48 |
| − OpEx | −$24.0k | −$12.81 |
| NOI | $29.4k | $15.66 |
