Renovated Brick
New
For Sale
$875,000
335 Saint John St, New Haven, CT 06511
Three apartments feature in-unit laundry, hardwood floors, granite counters, and updated bathrooms.
Property Size2,386 SF
Price / SF$366.72
Days on Market6
Property Features for 335 Saint John St
General Information
Standard status
Active
Size
2,386 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Wooster Square
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Amenities
hardwood flooring
granite countertops
updated bathrooms
in-unit washer and dryer
Building Details
Year Built
1858
Construction
brick
Listing Agency:
Caplan Realty Corp.
Listed By:
Naftali Caplan (347) 563-5554 (347) 563-5554 · License #REB.0794022
(347) 563-5554
Source:
Sunsetcreekrealty
Added: Oct 25
Changed: Oct 30
Last Checked: Oct 30 at 12:50PM
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 Caplan Realty Corp.
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Investment Insights
Based on property information with market context.
This 2,386-square-foot brick triplex, built in 1858, contains three apartments. The first and second floors each have a two-bedroom, one-bathroom layout; the second-floor apartment is vacant. Interior features across the apartments include hardwood flooring, granite countertops, updated bathrooms, and in-unit washers and dryers.
The property is approved for four-family use, and a basement unit is also approved, although the building is currently arranged as three units.
The property is approved for four-family use, and a basement unit is also approved, although the building is currently arranged as three units.
Key Highlights
- 2,386‑square‑foot brick multifamily property built in 1858
- Currently configured as 3 apartments; approved for 4‑family use
- Basement unit approved, offering a permitted fourth‑unit configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,161
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,220
$803.2K
Cap Rate 7%
$573,729
$573.7K
Cap Rate 9%
$446,233
$446.2K
Market Conditions
NOI Build-Up for 2,386 SF
Gross rent
$61.6K $25.80/SF
− Vacancy
−$4.2K −$1.75/SF
EGI
$57.4K $24.05/SF
− OpEx
−$17.2K −$7.21/SF
NOI
$40.2K $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%
$803,220
Cap Rate 7%
$573,729
Cap Rate 9%
$446,233
Alternative Uses
Best Use
Multifamily LT 5
$573.7K
$502.0K – $669.4K
NOI $40,161 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$533.9K
$467.1K – $622.9K
NOI $37,371 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$767.5K
$671.6K – $895.4K
NOI $53,726 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,130
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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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?
Triplex - Three apartments feature in-unit laundry, hardwood floors, granite counters, and updated bathrooms.
Where is this triplex located?
The property is located at 335 Saint John St New Haven, CT.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2,386‑square‑foot brick multifamily property built in 1858; Currently configured as 3 apartments; approved for 4‑family use; Basement unit approved, offering a permitted fourth‑unit configuration
