Triplex with Detached
New
For Sale
$649,900
Pending
36 Hemingway, East Haven, CT 06512
Three residential units are complemented by a separate two-car garage and rear parking for vehicle storage.
Property Size1,916 SF
Days on Market5
Property Features for 36 Hemingway
General Information
Standard status
Pending
Size
1,916 SF
Property subtype
3 Family
Lease Term
Listing ID: 24213473, Standard Status: Active Under Contract, MLS Status: Under Contract - Continue to Show, Property Subtype: 3 Family, 1 day on market
Additional Details
Multifamily Units
3
Amenities
central air
Building Details
Building Size
1,916 SF
Year Built
1916
Listing Agency:
William Raveis Real Estate
(860) 344-1658
Listed By:
Natuzza Dimasi · License #RES.0772532
(203) 715-3500
Source:
Iverty
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 6:24PM
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, with a detached two-car garage and rear parking that accommodates at least 20 vehicles. Gas furnaces and central air conditioning serve each floor, and the third floor is specifically noted for its interior presentation.
The property is in East Haven, a few miles from the beaches. Flood insurance is needed.
The property is in East Haven, a few miles from the beaches. Flood insurance is needed.
Key Highlights
- Three‑family property with a detached two‑car garage
- Rear parking lot accommodates at least 20 vehicles
- Gas furnace and central air conditioning on every floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,250
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,000
$645.0K
Cap Rate 7%
$460,714
$460.7K
Cap Rate 9%
$358,333
$358.3K
Market Conditions
NOI Build-Up for 1,916 SF
Gross rent
$49.4K $25.80/SF
− Vacancy
−$3.4K −$1.75/SF
EGI
$46.1K $24.05/SF
− OpEx
−$13.8K −$7.21/SF
NOI
$32.2K $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%
$645,000
Cap Rate 7%
$460,714
Cap Rate 9%
$358,333
Alternative Uses
Best Use
Multifamily LT 5
$460.7K
$403.1K – $537.5K
NOI $32,250 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$428.7K
$375.1K – $500.2K
NOI $30,010 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$616.3K
$539.3K – $719.1K
NOI $43,143 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
359
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units are complemented by a separate two-car garage and rear parking for vehicle storage.
Where is this triplex located?
The property is located at 36 Hemingway 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 two‑car garage; Rear parking lot accommodates at least 20 vehicles; Gas furnace and central air conditioning on every floor
