Two-Unit Duplex with Finished
New
For Sale
$575,000
325 Savin, West Haven, CT 06516
Both residences include two bedrooms, a living area, a kitchen, and a full bathroom.
Property Size1,900 SF
Price / SF$378.29
Days on Market4
Property Features for 325 Savin
General Information
Standard status
Active
Size
1,900 SF
Property subtype
2 Family
Lease Term
Listing ID: 24217665, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 2 days on market
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
finished attic
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
RE/MAX Right Choice
(203) 268-1118
Listed By:
Nina Nyrop · License #RES.0503872
(203) 673-2930
Source:
Iverty
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:33PM
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
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Investment Insights
Based on property information with market context.
This 1,520-square-foot duplex, built in 1900, contains two residences. Each has two bedrooms, a living room, a kitchen, and a full bathroom. A finished attic adds flexible interior space. The property also includes a level corner lot and a separate 26' x 56' parcel used for additional parking.
The West Haven property is near the water and beach, with shopping and restaurants in the surrounding area.
The West Haven property is near the water and beach, with shopping and restaurants in the surrounding area.
Key Highlights
- Two residences, each with two bedrooms, a living room, kitchen, and full bathroom
- Finished attic provides additional interior space
- Separate 26' x 56' parcel provides additional parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,585
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,700
$511.7K
Cap Rate 7%
$365,500
$365.5K
Cap Rate 9%
$284,278
$284.3K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$39.2K $25.80/SF
− Vacancy
−$2.7K −$1.75/SF
EGI
$36.5K $24.05/SF
− OpEx
−$11.0K −$7.21/SF
NOI
$25.6K $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%
$511,700
Cap Rate 7%
$365,500
Cap Rate 9%
$284,278
Alternative Uses
Best Use
Multifamily LT 5
$365.5K
$319.8K – $426.4K
NOI $25,585 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$340.1K
$297.6K – $396.8K
NOI $23,807 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$488.9K
$427.8K – $570.4K
NOI $34,226 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
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Business Placement
Demographics for 06516, CT
55,584
Population
21,884
Households
2.5
Avg Household Size
38
Median Age
29%
College-Educated
88%
High-School Grad
10.8 sq mi
ZIP Area
5,147
Density / Sq Mi
$73,566
Median Household Income
$41,123
Median Earnings
$1,389
Median Rent
$265,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include two bedrooms, a living area, a kitchen, and a full bathroom.
Where is this duplex located?
The property is located at 325 Savin West Haven, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two residences, each with two bedrooms, a living room, kitchen, and full bathroom; Finished attic provides additional interior space; Separate 26' x 56' parcel provides additional parking
