Multifamily Property with
For Sale
$595,000
438 Main Street, West Haven, CT 06516
Multi-Family For Sale, Units on different Floors, West Haven, CT
Property Size2,975 SF
Lot Size0.14 Acres
Price / SF$200
Days on Market15
Property Features for 438 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Basement, Bathroom 2, Bathroom 1, Bedroom 2
Parking
4
Basement
Unfinished, Full
Lot features
Lightly Wooded, Treed, Level Lot
Elementary school
Edith E. Mackrille
High school
West Haven
Directions
Campbell or Kelsey Ave to Main
Standard status
Active
Size
2,975 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11169
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
deck
Building Details
Year built
1900
Architectural style
Other
Listing Agency:
Houlihan Lawrence WD
(203) 701-4848
Listed By:
Rose Coppola
(203) 214-5955
Added: Oct 7
Changed: Oct 21
Last Checked: Oct 21 at 6:06PM
MLS# 24210102
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 438 Main Street contains 2,975 square feet, with four bedrooms and two bathrooms. A bonus room occupies the third level, and the property also has a deck. The building dates to 1900 and is zoned R2.
The West Haven property is near I-95, major hospitals, and the city's train station. The shoreline and beaches are approximately five minutes away. Public water and sewer serve the property.
The West Haven property is near I-95, major hospitals, and the city's train station. The shoreline and beaches are approximately five minutes away. Public water and sewer serve the property.
Key Highlights
- 2,975‑square‑foot multifamily property
- Four bedrooms and two bathrooms
- Third‑level bonus room and deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,597
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$931,940
$931.9K
Cap Rate 7%
$665,671
$665.7K
Cap Rate 9%
$517,744
$517.7K
Market Conditions
NOI Build-Up for 2,975 SF
Gross rent
$90.3K $30.36/SF
− Vacancy
−$5.6K −$1.88/SF
EGI
$84.7K $28.48/SF
− OpEx
−$38.1K −$12.81/SF
NOI
$46.6K $15.66/SF
Area
New Haven, CT
Vacancy
6.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$931,940
Cap Rate 7%
$665,671
Cap Rate 9%
$517,744
Alternative Uses
Best Use
Apartment 5plus
$665.7K
$582.5K – $776.6K
NOI $46,597 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$957.0K
$837.4K – $1.12M
NOI $66,989 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,308
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A third-level bonus room and outdoor deck complement the property's residential layout.
Where is this multifamily property located?
The property is located at 438 Main Street West Haven, CT.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,975‑square‑foot multifamily property; Four bedrooms and two bathrooms; Third‑level bonus room and deck
