Fully Remodeled Two-Family
439 Lombard Street New Haven, CT 06513
439 Lombard Street, New Haven, CT, 06513
$399,000
Pending
For Sale
$399,000
Pending
Remodeled two-family on an expansive lot with multiple off-street parking spaces and updated interiors throughout.
Property Size1,996 SF
Days on Market201
Property Features for 439 Lombard Street
General Information
- Standard status
- Pending
- Size
- 1,996 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1920
Listing agency
Regency Real Estate, LLC
(203) 592-0902
Listed by
Justin Guerrera · License #RES.0830373
(203) 592-0902
Source
Compass
Added: Jan 1 Updated: Jul 20 at 7:21PM Checked: Jul 21 at 7:04AM
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 Regency Real Estate, LLC
Investment Insights
Based on property information with market context.
This fully remodeled two-family duplex offers updated living units with consistent interior improvements. The first floor features new flooring, fresh paint, an updated kitchen with new cabinetry, appliances, and modern countertops, plus a fully renovated bathroom. The second floor includes similar upgrades with new floors, paint, kitchen cabinets, appliances, countertops, and a remodeled bathroom, and it also offers the possibility to finish the attic for additional living space.
The property is set on an expansive lot and includes a freshly milled driveway that provides clearly defined off-street parking for multiple vehicles. Exterior updates include a freshly stained front deck and newly rebuilt rear steps. The listing notes easy access to I-95 and I-91, and convenience to downtown New Haven, hospitals, and major universities.
The seller highlights additional income and expansion possibilities associated with the lot, including potential subdivision, garage construction, or a future ADU. Offers are due 6pm on 1/4, and the property is presented as available for new owner-occupants or investors.
The property is set on an expansive lot and includes a freshly milled driveway that provides clearly defined off-street parking for multiple vehicles. Exterior updates include a freshly stained front deck and newly rebuilt rear steps. The listing notes easy access to I-95 and I-91, and convenience to downtown New Haven, hospitals, and major universities.
The seller highlights additional income and expansion possibilities associated with the lot, including potential subdivision, garage construction, or a future ADU. Offers are due 6pm on 1/4, and the property is presented as available for new owner-occupants or investors.
Key Highlights
- Fully remodeled two‑family on an expansive lot in Fair Haven
- Updated interiors in both units: new floors and fresh paint, updated kitchens with new cabinets, appliances, and countertops, plus remodeled bathrooms
- Off‑street parking for multiple vehicles with a freshly milled driveway
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 | $51.5k | $25.80 |
| − Vacancy | −$3.5k | −$1.75 |
| EGI | $48.0k | $24.05 |
| − OpEx | −$14.4k | −$7.21 |
| NOI | $33.6k | $16.83 |
1,996 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$480.0K
$420.0K – $560.0K
NOI $33,597 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$446.6K
$390.8K – $521.1K
NOI $31,263 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$642.1K
$561.8K – $749.1K
NOI $44,944 @ 7.0% cap · market cap 11.26%
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 - Remodeled two-family on an expansive lot with multiple off-street parking spaces and updated interiors throughout.
Where is this duplex located?
The property is located at 439 Lombard Street New Haven, CT.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Fully remodeled two‑family on an expansive lot in Fair Haven; Updated interiors in both units: new floors and fresh paint, updated kitchens with new cabinets, appliances, and countertops, plus remodeled bathrooms; Off‑street parking for multiple vehicles with a freshly milled driveway
