Renovated Two-Family with Oversized
343 Greenwich Avenue New Haven, CT 06519
343 Greenwich Avenue, New Haven, CT, 06519
$575,000
Pending
For Sale
$575,000
Pending
Turnkey two-family in The Hill neighborhood with income potential.
Property Size2,420 SF
Days on Market106
Property Features for 343 Greenwich Avenue
General Information
- Standard status
- Pending
- Size
- 2,420 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1900
Listing agency
BE Real Estate
(917) 699-4242
Listed by
Barbara Elste · License #REB.0794349
(917) 699-4242
Source
Lockandkeyre
Added: Apr 9 Updated: Jul 10 at 1:13PM Checked: Jul 23 at 5:16AM
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 BE Real Estate
Investment Insights
Based on property information with market context.
Located in The Hill neighborhood, this renovated two-family property at 343 Greenwich Ave offers turnkey living for investors or owner-occupants. Each unit features updated kitchens with appliances, modern bathrooms, new flooring, and fresh paint throughout. The property includes an oversized 4-car garage, which offers potential for additional income through parking, storage, or possible conversion under New Haven's ADU initiative. A bonus room and full bathroom in the basement add flexibility and utility. The property features a spacious yard and two sun-filled enclosed porches. An owned solar energy system helps reduce operating costs. The property is positioned as a high-performing asset with rental potential, minimal deferred maintenance, and value-add opportunities. The property is conveniently located near Yale New Haven Hospital, Smilow Cancer Center, Union Station, City Point, Long Wharf, restaurants, and major highways including I-91 and I-95. The property size is 2420 square feet.
Key Highlights
- Fully renovated 2‑family home with brand‑new kitchens and modern bathrooms.
- Oversized 4‑car garage offers income potential.
- Owned solar energy system reduces operating costs.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.4k | $25.80 |
| − Vacancy | −$4.2k | −$1.75 |
| EGI | $58.2k | $24.05 |
| − OpEx | −$17.5k | −$7.21 |
| NOI | $40.7k | $16.83 |
2,420 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$581.9K
$509.2K – $678.9K
NOI $40,733 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$541.5K
$473.8K – $631.7K
NOI $37,904 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$778.5K
$681.2K – $908.2K
NOI $54,492 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey two-family in The Hill neighborhood with income potential.
Where is this duplex located?
The property is located at 343 Greenwich Avenue New 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: Fully renovated 2‑family home with brand‑new kitchens and modern bathrooms.; Oversized 4‑car garage offers income potential.; Owned solar energy system reduces operating costs.
