Two-Family Home with Inground
For Sale
$985,000
356 Humphrey St, New Haven, CT 06511
Legal duplex offering flexible living arrangements, multiple bedrooms, and a separate studio-style apartment.
Property Size3,772 SF
Days on Market49
Property Features for 356 Humphrey St
General Information
Standard status
Active
Size
3,772 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
in need of a new buyers vision and updates
Site & Location
Neighborhood
Prospect Hill
Additional Details
Multifamily Units
2
Amenities
inground pool
Building Details
Building Size
3,772 SF
Year Built
1900
Buildings
1
Listing Agency:
Press/Cuozzo Realtors
Listed By:
John Cuozzo · License #REB.0152492
(203) 288-1900
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 9:16AM
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 Press/Cuozzo Realtors
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Investment Insights
Based on property information with market context.
Built in 1900, this legal duplex combines substantial interior space with a flexible existing layout. The first floor includes living, dining, and family rooms, an eat-in kitchen, pantry, and full bath. Upstairs are three bedrooms, two full bathrooms, and a two-room studio-style apartment that could be incorporated into a larger primary suite. The third floor adds three rooms, a half bath, and unfinished attic areas.
Property features include original woodwork, a prominent staircase, tall first-floor ceilings, replacement Thermopane windows, and a roof installed in 2020. The rear includes a 32-by-16-foot inground pool with a new liner. Located at 356 Humphrey St in New Haven, the property offers walkable access to downtown, campus, and Orange Street, with a Walk Score of 89, Bike Score of 87, and Transit Score of 44.
Property features include original woodwork, a prominent staircase, tall first-floor ceilings, replacement Thermopane windows, and a roof installed in 2020. The rear includes a 32-by-16-foot inground pool with a new liner. Located at 356 Humphrey St in New Haven, the property offers walkable access to downtown, campus, and Orange Street, with a Walk Score of 89, Bike Score of 87, and Transit Score of 44.
Key Highlights
- Legal two‑family property currently configured with a large main residence and two‑room studio‑style apartment
- 32‑by‑16‑foot inground pool with new liner
- Roof installed in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,490
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,269,800
$1.3M
Cap Rate 7%
$907,000
$907.0K
Cap Rate 9%
$705,444
$705.4K
Market Conditions
NOI Build-Up for 3,772 SF
Gross rent
$97.3K $25.80/SF
− Vacancy
−$6.6K −$1.75/SF
EGI
$90.7K $24.05/SF
− OpEx
−$27.2K −$7.21/SF
NOI
$63.5K $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%
$1,269,800
Cap Rate 7%
$907,000
Cap Rate 9%
$705,444
Alternative Uses
Best Use
Multifamily LT 5
$907.0K
$793.6K – $1.06M
NOI $63,490 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$844.0K
$738.5K – $984.7K
NOI $59,080 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $84,935 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,599
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Legal duplex offering flexible living arrangements, multiple bedrooms, and a separate studio-style apartment.
Where is this duplex located?
The property is located at 356 Humphrey St New Haven, CT.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Legal two‑family property currently configured with a large main residence and two‑room studio‑style apartment; 32‑by‑16‑foot inground pool with new liner; Roof installed in 2020
