Six-Bedroom Duplex with Detached
323 W Division Street, New Haven, CT 06511
For Sale
$469,900
Under Contract
Multi-Family For Sale, Units on different Floors, New Haven, CT
Property Size2,268 SF
Lot Size0.08 Acres
Price / SF$207.19
Days on Market48
Property Features for 323 W Division Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Basement
Lot features
Elementary school
High school
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Cooling system
Water source
Amenities
laundry hookups
fenced-in yard
Building Details
Year built
Architectural style
Buildings
Listing Agency:
RE/MAX Right Choice · RE/MAX International
(203) 268-1118
Listed By:
Kathy Chiluisa · License CT RES.0766589
(203) 395-0715
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 10 at 10:06PM
MLS# 24209560
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,268-square-foot duplex, built in 1900, is arranged as two units. The first-floor residence has two bedrooms, a living room, an eat-in kitchen and a full bathroom. The upper residence spans the second and third floors, with four bedrooms and two full bathrooms. Kitchen cabinets and appliances have been updated, and the roof is newer. Window-unit cooling, basement laundry hookups and a detached garage are also included.
The parcel covers 0.08 acres and has a fenced yard. Public water and public sewer serve the property. Zoning is RM2.
The parcel covers 0.08 acres and has a fenced yard. Public water and public sewer serve the property. Zoning is RM2.
Key Highlights
- Two‑family property with 2,268 square feet across three floors
- First‑floor unit: two bedrooms, living room, eat‑in kitchen and full bathroom
- Upper unit spans the second and third floors, with four bedrooms and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,175
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,500
$763.5K
Cap Rate 7%
$545,357
$545.4K
Cap Rate 9%
$424,167
$424.2K
Market Conditions
NOI Build-Up for 2,268 SF
Gross rent
$58.5K $25.80/SF
− Vacancy
−$4.0K −$1.75/SF
EGI
$54.5K $24.05/SF
− OpEx
−$16.4K −$7.21/SF
NOI
$38.2K $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%
$763,500
Cap Rate 7%
$545,357
Cap Rate 9%
$424,167
Alternative Uses
Best Use
Multifamily LT 5
$545.4K
$477.2K – $636.3K
NOI $38,175 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$507.5K
$444.0K – $592.1K
NOI $35,523 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$729.6K
$638.4K – $851.2K
NOI $51,069 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
936
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
$313,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Haven, CT
Properties on Market for Duplexes in New Haven
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - RM2-zoned property features separate living arrangements across three floors and a fenced yard.
Where is this duplex located?
The property is located at 323 W Division Street New Haven, CT.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Two‑family property with 2,268 square feet across three floors; First‑floor unit: two bedrooms, living room, eat‑in kitchen and full bathroom; Upper unit spans the second and third floors, with four bedrooms and two full bathrooms
