Duplex with Detached
For Sale
$469,900
323 West Division, New Haven, CT 06511
Two residential units combine varied bedroom layouts with updated kitchens and a fenced outdoor area.
Property Size1,900 SF
Price / SF$207.19
Days on Market20
Property Features for 323 West Division
General Information
Standard status
Active
Size
1,900 SF
Property subtype
2 Family
Lease Term
Listing ID: 24209560, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 18 days on market
Additional Details
Multifamily Units
2
Amenities
laundry hookups
fenced-in yard
detached garage
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
RE/MAX Right Choice
(203) 268-1118
Listed By:
Kathy Chiluisa · License #RES.0766589
(203) 395-0715
Source:
Iverty
Added: Sep 24
Changed: Oct 13
Last Checked: Oct 12 at 7:57PM
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 RE/MAX Right Choice
Investment Insights
Based on property information with market context.
This 1900-built duplex has two units across three floors. The ground-floor residence includes two bedrooms, a living room, an eat-in kitchen, and a full bathroom. The upper residence spans the second and third floors and contains four bedrooms and two full bathrooms. Kitchen cabinets and appliances have been updated, and the roof is newer. Basement laundry hookups, a fenced yard, and a detached garage are additional features.
The property is located at 323 West Division in New Haven, Connecticut. Its unit mix includes a two-bedroom residence and a four-bedroom residence, with a total of three full bathrooms.
The property is located at 323 West Division in New Haven, Connecticut. Its unit mix includes a two-bedroom residence and a four-bedroom residence, with a total of three full bathrooms.
Key Highlights
- Two‑unit duplex with a two‑bedroom first‑floor residence and a four‑bedroom upper residence
- Upper unit spans the second and third floors and has two full bathrooms
- Updated kitchen cabinets and appliances
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.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units combine varied bedroom layouts with updated kitchens and a fenced outdoor area.
Where is this duplex located?
The property is located at 323 West Division 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‑unit duplex with a two‑bedroom first‑floor residence and a four‑bedroom upper residence; Upper unit spans the second and third floors and has two full bathrooms; Updated kitchen cabinets and appliances
