Two-Unit Duplex with Finished
433 Third, West Haven, CT 06516
For Sale
$459,900
Pending
A two-level rental property with gas heat, three parking spaces, and attic access from the upper unit.
Property Size1,722 SF
Days on Market87
Property Features for 433 Third
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
RE/MAX Alliance
(203) 488-1641
Listed By:
Farzaneh Dehghani · License #RES.0803569
(203) 464-3916
Source:
Ybrealty
Added: Aug 15
Changed: Nov 8
Last Checked: Nov 8 at 5:56PM
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 RE/MAX Alliance
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Investment Insights
Based on property information with market context.
This duplex contains two residential units, with one on each floor, and was built in 1900. The first-floor unit includes access to 360 square feet of additional living space. A finished basement adds interior space, while the second-floor unit has access to the attic. The building is heated with gas and is being sold as-is.
The property is at 433 Third in West Haven, Connecticut. A level lot provides three parking spaces. Both units are rented; the first-floor unit is tenant occupied, and the second-floor unit has recently been leased. Each is reported at $1,700 per month.
The property is at 433 Third in West Haven, Connecticut. A level lot provides three parking spaces. Both units are rented; the first-floor unit is tenant occupied, and the second-floor unit has recently been leased. Each is reported at $1,700 per month.
Key Highlights
- Two residential units, with one on each floor
- 1,722‑square‑foot building constructed in 1900
- Finished basement; first‑floor unit has access to 360 square feet of additional living space
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
670
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
$265,200
Median Home Value
Market
Average Price Trend$/SF for Duplexes in West Haven, CT
Properties on Market for Duplexes in West Haven
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A two-level rental property with gas heat, three parking spaces, and attic access from the upper unit.
Where is this duplex located?
The property is located at 433 Third 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 on each floor; 1,722‑square‑foot building constructed in 1900; Finished basement; first‑floor unit has access to 360 square feet of additional living space
