Duplex with Inground
For Sale
$985,000
356 Humphrey Street, New Haven, CT 06511
Multi-Family For Sale, New Haven, CT
Property Size3,772 SF
Lot Size0.12 Acres
Price / SF$261.13
Days on Market8
Property Features for 356 Humphrey Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Basement, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 6, Bedroom 5
Patio and Porch features
Patio
Exterior features
Shed,Patio
Basement
Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Orange Street to # 356 Humphrey Street (2 doors from Orange Street)
Subdivision
East Rock
Standard status
Active
Size
3,772 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
16336
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Amenities
heated inground pool
Building Details
Year built
1900
Listing Agency:
Press/Cuozzo Realtors
(203) 288-1900
Listed By:
John Cuozzo · License #REB.0152492
203-288-1900x123
Added: Sep 10
Changed: Sep 16
Last Checked: Sep 17 at 9:06AM
MLS# 24206201
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,772-square-foot duplex, built in 1900, is arranged across multiple levels with a welcoming entry vestibule, foyer, original woodwork, and front and rear staircases. The first floor includes living, dining, family, and kitchen areas, along with a pantry and full bathroom. Three bedrooms, two full bathrooms, and a two-room studio apartment occupy the second floor, while the third floor adds three rooms, a half bath, and unfinished attic areas. Thermopane replacement windows are installed, and the roof was replaced in 2020.
The 0.12-acre property includes a 32'x16' heated inground pool with a new liner, plus a patio and shed. Public water and sewer serve the property, which is zoned RM2. Its position on Humphrey Street provides walking access to downtown, the Yale campus, Union Station, and neighborhood offerings on Orange Street.
The 0.12-acre property includes a 32'x16' heated inground pool with a new liner, plus a patio and shed. Public water and sewer serve the property, which is zoned RM2. Its position on Humphrey Street provides walking access to downtown, the Yale campus, Union Station, and neighborhood offerings on Orange Street.
Key Highlights
- Legal two‑family property with 3,772 square feet across multiple levels
- 32'x16' heated inground pool with new liner
- Roof replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,490
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,599
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with a flexible multi-level layout, original woodwork, and public water and sewer.
Where is this duplex located?
The property is located at 356 Humphrey Street 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 with 3,772 square feet across multiple levels; 32'x16' heated inground pool with new liner; Roof replaced in 2020
