Triplex with Detached
New
For Sale
$649,900
Pending
36 Hemingway Ave, East Haven, CT 06512
Three residential units are complemented by a detached two-car garage and rear parking for vehicles or RVs.
Property Size2,836 SF
Days on Market2
Property Features for 36 Hemingway Ave
General Information
Standard status
Pending
Size
2,836 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Building Details
Building Size
2,836 SF
Year Built
1916
Listing Agency:
William Raveis Real Estate
Listed By:
Natuzza Dimasi · License #RES.0772532
(203) 715-3500
Source:
Elliman
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 2:28AM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
This 1916 triplex includes three residential units and a detached commercial garage with capacity for two cars. Gas furnaces and central air serve every floor, and the interior and exterior have been well maintained. The third floor is noted for its presentation.
A rear parking area provides space for at least 20 vehicles, with potential to lease spaces for cars or RVs. The property is a few miles from East Haven beaches. Flood insurance is needed.
A rear parking area provides space for at least 20 vehicles, with potential to lease spaces for cars or RVs. The property is a few miles from East Haven beaches. Flood insurance is needed.
Key Highlights
- Three‑family property with a detached commercial garage for two cars
- Rear parking area accommodates at least 20 vehicles
- Gas furnace and central air on every floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,735
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,700
$954.7K
Cap Rate 7%
$681,929
$681.9K
Cap Rate 9%
$530,389
$530.4K
Market Conditions
NOI Build-Up for 2,836 SF
Gross rent
$73.2K $25.80/SF
− Vacancy
−$5.0K −$1.75/SF
EGI
$68.2K $24.05/SF
− OpEx
−$20.5K −$7.21/SF
NOI
$47.7K $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%
$954,700
Cap Rate 7%
$681,929
Cap Rate 9%
$530,389
Alternative Uses
Best Use
Multifamily LT 5
$681.9K
$596.7K – $795.6K
NOI $47,735 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$634.6K
$555.2K – $740.3K
NOI $44,419 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$912.3K
$798.2K – $1.06M
NOI $63,859 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 06512, CT
29,457
Population
12,945
Households
2.3
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
2,779
Density / Sq Mi
$84,034
Median Household Income
$48,981
Median Earnings
$1,464
Median Rent
$265,200
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units are complemented by a detached two-car garage and rear parking for vehicles or RVs.
Where is this triplex located?
The property is located at 36 Hemingway Ave East Haven, CT.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three‑family property with a detached commercial garage for two cars; Rear parking area accommodates at least 20 vehicles; Gas furnace and central air on every floor
