Fenced Two-Family Home in New
38 Hilltop Road, New Haven, CT 06515
Two-unit property with modern upgrades in a convenient location.
Type:Multi-Family / 2 Family
Property size:
1,728 SFPrice / SF:
$219/SF- Added:
- Apr 14, 2026
- Days on Market:
- 48
- Last Refresh:
- Apr 14 at 10:28 pm
Property Features for 38 Hilltop Road
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1940
Listing agent Anissa Richardson License #RES.0833160 (203) 815-3781
Listing office Century 21 AllPoints Realty (203) 815-3781
Listing date Apr 14, 2026
Source Compass
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 Century 21 AllPoints Realty
HighLights
- Two‑family home ideal for investment or owner‑occupancy.
- Each unit has separate utilities and in‑unit laundry (washer/dryer hookups).
- Features a deck and multiple sheds for storage.
- Convenient location with quick access to shopping, dining, public transportation, and major highways.
- Home has newer windows and an upgraded water heater.
- Fenced‑in property on a secluded street in the Amity neighborhood.
Overview
Located in the Amity neighborhood of New Haven, this fenced two-family home is situated on a secluded street. The property features newer windows and an upgraded water heater. A deck and multiple sheds provide storage space. Each unit includes its own stackable washer and dryer, separate utilities, and gas mechanicals. A shared enclosed porch with separate entrances serves both units. The property offers convenient access to shopping, dining, public transportation, and major highways. This property is being sold as is.
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 | $44.6k | $25.80 |
| − Vacancy | −$3.0k | −$1.75 |
| EGI | $41.6k | $24.05 |
| − OpEx | −$12.5k | −$7.21 |
| NOI | $29.1k | $16.83 |
1,728 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$415.5K
$363.6K – $484.8K
NOI $29,086 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$386.6K
$338.3K – $451.1K
NOI $27,065 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$555.9K
$486.4K – $648.5K
NOI $38,910 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Haven
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.9703898
- Latitude
- 41.3373537
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit property with modern upgrades in a convenient location.
Where is this duplex located?
The property is located at 38 Hilltop Road New Haven, CT.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two‑family home ideal for investment or owner‑occupancy.; Each unit has separate utilities and in‑unit laundry (washer/dryer hookups).; Features a deck and multiple sheds for storage.
