Tenant-Occupied Two-Family
35 West Street New Haven, CT 06519
35 West Street, New Haven, CT, 06519
$500,000
For Sale
$500,000
Two-unit duplex offers immediate rental income, with development potential on the lot for an ADU where a garage previously stood.
Property Size1,400 SF
Price / SF$357.14
Days on Market133
Property Features for 35 West Street
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agency
For sale by owner, please contact
Listed by
Fizber
Source
Compass
Added: Mar 13 Updated: Jul 22 at 9:35AM Checked: Jul 22 at 9:35AM
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 For sale by owner, please contact
Investment Insights
Based on property information with market context.
This fully tenant-occupied two-family property is configured as two separate living units. The first-floor unit includes 2 bedrooms and 1.5 bathrooms, while the second-floor unit features 3 bedrooms and 1 full bathroom.
The property’s lot includes additional value-add opportunity tied to the former three-car garage location, which the seller states could support development of a 2–4 unit Accessory Dwelling Unit (ADU). The property is offered for sale with consistent rental income in place.
Located at 35 West Street in New Haven, the building presents an income-producing foundation with a supported path for potential lot expansion via the stated ADU concept.
The property’s lot includes additional value-add opportunity tied to the former three-car garage location, which the seller states could support development of a 2–4 unit Accessory Dwelling Unit (ADU). The property is offered for sale with consistent rental income in place.
Located at 35 West Street in New Haven, the building presents an income-producing foundation with a supported path for potential lot expansion via the stated ADU concept.
Key Highlights
- Fully tenant‑occupied two‑family property with immediate rental income
- Unit 1 offers 2 bedrooms and 1.5 bathrooms
- Unit 2 offers 3 bedrooms and 1 full bathroom
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 | $36.1k | $25.80 |
| − Vacancy | −$2.5k | −$1.75 |
| EGI | $33.7k | $24.05 |
| − OpEx | −$10.1k | −$7.21 |
| NOI | $23.6k | $16.83 |
1,400 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.6K
$294.6K – $392.8K
NOI $23,565 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$313.3K
$274.1K – $365.5K
NOI $21,928 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$450.3K
$394.1K – $525.4K
NOI $31,524 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex offers immediate rental income, with development potential on the lot for an ADU where a garage previously stood.
Where is this duplex located?
The property is located at 35 West Street New Haven, CT.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Fully tenant‑occupied two‑family property with immediate rental income; Unit 1 offers 2 bedrooms and 1.5 bathrooms; Unit 2 offers 3 bedrooms and 1 full bathroom
