Multifamily Property with Off-Street
New
For Sale
$774,900
332 Howard Avenue, New Haven, CT 06519
RM1 zoning and multiple residential units define this residential income property.
Property Size4,484 SF
Lot Size0.16 Acres
Price / SF$172.81
Days on Market6
Property Features for 332 Howard Avenue
General Information
Standard status
Active
Size
4,484 SF
Total Parking Spaces
8
Lot size
0.16 Acres
Property subtype
Commercial
Zoning
RM1
Site & Location
Neighborhood
Hill
Highway Access
Yes
Building Details
Year Built
1900
Stories
3
Units
5
Listing Agency:
Alpha Capital Realty, LLC
Listed By:
Michael Treviso · License #RES.0820410
(860) 507-3394
Source:
Davisowenrealestate
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 4:38PM
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 Alpha Capital Realty, LLC
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Investment Insights
Based on property information with market context.
This multifamily property contains multiple residential units and approximately 8 off-street parking spaces. Built in 1900, it is being sold as-is and may need renovation. The property is approximately 4,484 square feet on approximately 0.16 acres, with RM1 zoning. Buyers should independently verify the unit count, permitted use, condition, utilities, and other property details.
The property is near downtown New Haven, with area highways, schools, hospitals, amenities, and employment centers also identified nearby.
The property is near downtown New Haven, with area highways, schools, hospitals, amenities, and employment centers also identified nearby.
Key Highlights
- Approximately 4,484 square feet on approximately 0.16 acres
- Multiple residential units; unit count should be independently verified
- Approximately 8 off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,232
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,404,640
$1.4M
Cap Rate 7%
$1,003,314
$1.0M
Cap Rate 9%
$780,356
$780.4K
Market Conditions
NOI Build-Up for 4,484 SF
Gross rent
$136.1K $30.36/SF
− Vacancy
−$8.4K −$1.88/SF
EGI
$127.7K $28.48/SF
− OpEx
−$57.5K −$12.81/SF
NOI
$70.2K $15.66/SF
Area
New Haven, CT
Vacancy
6.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,404,640
Cap Rate 7%
$1,003,314
Cap Rate 9%
$780,356
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$877.9K – $1.17M
NOI $70,232 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,967 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
Explore this area
Business Placement
Demographics for 06519, CT
15,450
Population
6,424
Households
2.4
Avg Household Size
33
Median Age
20%
College-Educated
77%
High-School Grad
1.8 sq mi
ZIP Area
8,583
Density / Sq Mi
$44,394
Median Household Income
$29,745
Median Earnings
$1,356
Median Rent
$247,600
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
Frequently Asked Questions
What type of property is this?
Multifamily property - RM1 zoning and multiple residential units define this residential income property.
Where is this multifamily property located?
The property is located at 332 Howard Avenue New Haven, CT.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Approximately 4,484 square feet on approximately 0.16 acres; Multiple residential units; unit count should be independently verified; Approximately 8 off‑street parking spaces
