Duplex with Finished
For Sale
Under Contract
$459,900
433 Third Avenue, West Haven, CT 06516
Multi-Family For Sale, Units on different Floors, West Haven, CT
Property Size1,722 SF
Lot Size0.13 Acres
Price / SF$267.07
Days on Market52
Property Features for 433 Third Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Basement, Bathroom 2, Bedroom 2, Bathroom 1
Parking
3
Basement
Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
GPS friendly
Standard status
Active Under Contract
Size
1,722 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8653
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air
Water source
Public
Amenities
finished basement
attic
Building Details
Year built
1900
Architectural style
Other
Listing Agency:
RE/MAX Alliance · RE/MAX International
(203) 488-1641
Listed By:
Farzaneh Dehghani
(203) 464-3916
Added: Aug 15
Changed: Oct 4
Last Checked: Oct 5 at 5:06PM
MLS# 24197637
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 two-unit residential property has one apartment on each floor and a finished basement. The building dates to 1900 and has baseboard heating and central air conditioning. Public water and sewer serve the property, which occupies a 0.13-acre lot. The first-floor apartment is tenant occupied, and the second-floor unit has also been rented. The upper unit has access to the attic; the property also includes three parking spaces and is zoned R3.
Key Highlights
- Two residential units, with one apartment on each floor
- Three parking spaces on a level lot
- Finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,985
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,700
$579.7K
Cap Rate 7%
$414,071
$414.1K
Cap Rate 9%
$322,056
$322.1K
Market Conditions
NOI Build-Up for 1,722 SF
Gross rent
$44.4K $25.80/SF
− Vacancy
−$3.0K −$1.75/SF
EGI
$41.4K $24.05/SF
− OpEx
−$12.4K −$7.21/SF
NOI
$29.0K $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%
$579,700
Cap Rate 7%
$414,071
Cap Rate 9%
$322,056
Alternative Uses
Best Use
Multifamily LT 5
$414.1K
$362.3K – $483.1K
NOI $28,985 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$385.3K
$337.1K – $449.5K
NOI $26,971 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$553.9K
$484.7K – $646.3K
NOI $38,775 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,113
Businesses Nearby
Explore this area
Business Placement
Demographics for 06516, CT
55,584
Population
21,884
Households
2.5
Avg Household Size
38
Median Age
29%
College-Educated
88%
High-School Grad
10.8 sq mi
ZIP Area
5,147
Density / Sq Mi
$73,566
Median Household Income
$41,123
Median Earnings
$1,389
Median Rent
$265,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The two residential units occupy separate floors, and the property has three off-street parking spaces.
Where is this duplex located?
The property is located at 433 Third Avenue West Haven, CT.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Two residential units, with one apartment on each floor; Three parking spaces on a level lot; Finished basement
