Multifamily Property with
For Sale
$774,900
332 Howard, New Haven, CT 06519
Residential income property with multiple units, off-street parking, and renovation needs.
Property Size1,900 SF
Lot Size0.16 Acres
Price / SF$172.81
Days on Market54
Property Features for 332 Howard
General Information
Standard status
Active
Size
1,900 SF
Total Parking Spaces
8
Lot size
0.16 Acres
Property subtype
Commercial
Lease Term
Listing ID: 24204611, Standard Status: Active, MLS Status: Active, 51 days on market
Property Condition
Severity
Repairs Needed
Evidence
may require renovation
Site & Location
Neighborhood
Riverb
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
Alpha Capital Realty, LLC
(860) 507-3394
Listed By:
Anthony DeLorenzo · License #REB.0795401
(203) 814-7387
Source:
Iverty
Added: Sep 3
Changed: Oct 25
Last Checked: Oct 24 at 6:55PM
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.
Built in 1900, this approximately 4,484-square-foot multifamily property includes multiple residential units and sits on approximately 0.16 acres. The property provides approximately 8 off-street parking spaces and is being offered in its current condition, with renovation potentially required. Buyers should evaluate the unit configuration, permitted use, zoning, utilities, physical condition, and rental-income prospects through their own due diligence.
The property is located near downtown New Haven, major highways, schools, hospitals, local amenities, and area employment centers. Its residential income configuration and existing parking support evaluation by buyers considering an as-is multifamily acquisition or a renovation-focused project.
The property is located near downtown New Haven, major highways, schools, hospitals, local amenities, and area employment centers. Its residential income configuration and existing parking support evaluation by buyers considering an as-is multifamily acquisition or a renovation-focused project.
Key Highlights
- Approximately 4,484‑square‑foot multifamily property on approximately 0.16 acres
- Multiple residential units
- 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
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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 - Residential income property with multiple units, off-street parking, and renovation needs.
Where is this multifamily property located?
The property is located at 332 Howard 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‑foot multifamily property on approximately 0.16 acres; Multiple residential units; Approximately 8 off‑street parking spaces
