Two-Family Home with Enclosed
For Sale
$499,900
458 First, West Haven, CT 06516
Separate apartments provide flexible occupancy, with off-street parking at the rear.
Property Size1,910 SF
Price / SF$216.03
Days on Market13
Property Features for 458 First
General Information
Standard status
Active
Size
1,910 SF
Property subtype
2 Family
Lease Term
Listing ID: 24206985, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 5 days on market
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA with 2 additional rooms
Multifamily Units
2
Building Details
Building Size
1,910 SF
Year Built
1910
Listing Agency:
William Raveis Real Estate
(203) 876-7507
Listed By:
John Armellino · License #REB.0795587
(203) 671-1601
Source:
Iverty
Added: Oct 1
Changed: Oct 11
Last Checked: Oct 12 at 7:27PM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
This two-family home contains 2,314 square feet across two apartments. The first-floor unit has two bedrooms, a living room, a kitchen, and a full bathroom. Upstairs, the second unit offers three bedrooms, a living room, a kitchen, a full bathroom, and two additional rooms. An enclosed porch faces the front, and off-street parking is available behind the house. The property was built in 1910.
West Haven beaches, shopping, and dining are nearby. The home also has access to commuter routes and is near a train station, the University of New Haven, VA Hospital, Yale, and I-95.
West Haven beaches, shopping, and dining are nearby. The home also has access to commuter routes and is near a train station, the University of New Haven, VA Hospital, Yale, and I-95.
Key Highlights
- Two‑family property with 2,314 square feet
- First‑floor apartment includes 2 bedrooms, living room, kitchen, and full bath
- Upper apartment has 3 bedrooms, 2 additional rooms, living room, kitchen, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,949
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,980
$779.0K
Cap Rate 7%
$556,414
$556.4K
Cap Rate 9%
$432,767
$432.8K
Market Conditions
NOI Build-Up for 2,314 SF
Gross rent
$59.7K $25.80/SF
− Vacancy
−$4.1K −$1.75/SF
EGI
$55.6K $24.05/SF
− OpEx
−$16.7K −$7.21/SF
NOI
$38.9K $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%
$778,980
Cap Rate 7%
$556,414
Cap Rate 9%
$432,767
Alternative Uses
Best Use
Multifamily LT 5
$556.4K
$486.9K – $649.2K
NOI $38,949 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$517.8K
$453.1K – $604.1K
NOI $36,244 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$744.4K
$651.3K – $868.4K
NOI $52,105 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate apartments provide flexible occupancy, with off-street parking at the rear.
Where is this duplex located?
The property is located at 458 First West Haven, CT.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑family property with 2,314 square feet; First‑floor apartment includes 2 bedrooms, living room, kitchen, and full bath; Upper apartment has 3 bedrooms, 2 additional rooms, living room, kitchen, and full bath
