Duplex with Approved Rear
For Sale
$715,000
341 Ellsworth, New Haven, CT 06511
Approvals are in place for an additional single-family dwelling at the rear of the property.
Property Size1,871 SF
Price / SF$382.15
Days on Market10
Property Features for 341 Ellsworth
General Information
Standard status
Active
Size
1,871 SF
Property subtype
2 Family
Building Details
Year Built
1900
Listing Agency:
Roundtree Realty LLC
(475) 227-4312
Listed By:
Aharon Cowen · License #RES.0832571
(747) 252-3955
Source:
Lockandkeyre
Added: Oct 6
Changed: Oct 15
Last Checked: Oct 14 at 10:53PM
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 Roundtree Realty LLC
Investment Insights
Based on property information with market context.
This duplex at 341 Ellsworth in New Haven dates to 1900. Approvals have been obtained for construction of an approximately 1,000-square-foot single-family home or accessory dwelling unit at the back of the property.
The property is in a residential neighborhood described as minutes from downtown New Haven, with shops, restaurants, parks, schools, and major commuter routes also nearby.
The property is in a residential neighborhood described as minutes from downtown New Haven, with shops, restaurants, parks, schools, and major commuter routes also nearby.
Key Highlights
- Approvals obtained for an approximately 1,000‑square‑foot single‑family home or ADU at the rear
- Duplex built in 1900
- Residential neighborhood near downtown New Haven, shops, restaurants, parks, schools, and major commuter routes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,493
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,860
$629.9K
Cap Rate 7%
$449,900
$449.9K
Cap Rate 9%
$349,922
$349.9K
Market Conditions
NOI Build-Up for 1,871 SF
Gross rent
$48.3K $25.80/SF
− Vacancy
−$3.3K −$1.75/SF
EGI
$45.0K $24.05/SF
− OpEx
−$13.5K −$7.21/SF
NOI
$31.5K $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%
$629,860
Cap Rate 7%
$449,900
Cap Rate 9%
$349,922
Alternative Uses
Best Use
Multifamily LT 5
$449.9K
$393.7K – $524.9K
NOI $31,493 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$418.6K
$366.3K – $488.4K
NOI $29,305 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$601.9K
$526.6K – $702.2K
NOI $42,130 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
184
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Approvals are in place for an additional single-family dwelling at the rear of the property.
Where is this duplex located?
The property is located at 341 Ellsworth New Haven, CT.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Approvals obtained for an approximately 1,000‑square‑foot single‑family home or ADU at the rear; Duplex built in 1900; Residential neighborhood near downtown New Haven, shops, restaurants, parks, schools, and major commuter routes
