Two-Family Residential Income
4 Jefferson Street New Haven, CT 06511
4 Jefferson Street, New Haven, CT, 06511
$590,000
Pending
For Sale
$590,000
Pending
Well-maintained two-family home with two separate units, each offering in-unit laundry and dishwashers, plus off-street parking.
Property Size2,380 SF
Days on Market72
Property Features for 4 Jefferson Street
General Information
- Standard status
- Pending
- Size
- 2,380 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1890
Listing agency
Coldwell Banker Realty
(860) 385-6315
Listed by
Heike Severine · License #RES.0800320
(860) 385-6315
Source
Compass
Added: May 13 Updated: Jul 22 at 5:52PM Checked: Jul 22 at 5:52PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers flexible residential income or owner-occupied living with separate units. The owner’s unit features two bedrooms, hardwood floors, a fireplace, and an updated eat-in kitchen with restored cabinetry and quartz countertops. The second-floor apartment has been refreshed with updated flooring, renovated ceilings, modern lighting, and an upgraded bath. Both units include separate laundry and dishwashers, and the property has newer boilers and updated hot water heaters.
The home also includes a private patio with perennial gardens and a detached garage with oversized studio/workshop space that can support a home office, gym, artist studio, or additional storage. Additional improvements include a newer roof, walk-up attic, and full basement. Natural gas heat and public utilities are in place, along with off-street parking.
Additional residential features include separate living spaces for both floors, full basement support, and an attached-without-adjacent configuration that supports practical day-to-day use for either investors or owner-occupants.
The home also includes a private patio with perennial gardens and a detached garage with oversized studio/workshop space that can support a home office, gym, artist studio, or additional storage. Additional improvements include a newer roof, walk-up attic, and full basement. Natural gas heat and public utilities are in place, along with off-street parking.
Additional residential features include separate living spaces for both floors, full basement support, and an attached-without-adjacent configuration that supports practical day-to-day use for either investors or owner-occupants.
Key Highlights
- Two‑family home in historic Wooster Square overlooking Lenzi Park
- 9 total rooms; each unit includes separate in‑unit laundry and dishwashers
- 1 fireplace; walk‑up attic; full basement with basement hook‑ups for laundry
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 | $61.4k | $25.80 |
| − Vacancy | −$4.2k | −$1.75 |
| EGI | $57.2k | $24.05 |
| − OpEx | −$17.2k | −$7.21 |
| NOI | $40.1k | $16.83 |
2,380 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$572.3K
$500.8K – $667.7K
NOI $40,060 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$532.5K
$466.0K – $621.3K
NOI $37,277 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$765.6K
$669.9K – $893.2K
NOI $53,591 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with two separate units, each offering in-unit laundry and dishwashers, plus off-street parking.
Where is this duplex located?
The property is located at 4 Jefferson Street New Haven, CT.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Two‑family home in historic Wooster Square overlooking Lenzi Park; 9 total rooms; each unit includes separate in‑unit laundry and dishwashers; 1 fireplace; walk‑up attic; full basement with basement hook‑ups for laundry
