Duplex Property with Heated
For Sale
$789,000
46 , New Haven, CT 06513
Five bedrooms and three full bathrooms provide generous space in its current single-family arrangement.
Property Size2,693 SF
Price / SF$292.98
Days on Market10
Property Features for 46
General Information
Standard status
Active
Size
2,693 SF
Property subtype
2 Family
Building Details
Year Built
1900
Listing Agency:
Bishop, Edward & Roberts, LLC
(203) 467-0796
Listed By:
Joanne Fowler · License #RES.0780189
(203) 623-0900
Source:
Lockandkeyre
Added: Sep 26
Changed: Oct 4
Last Checked: Oct 4 at 9:44AM
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 Bishop, Edward & Roberts, LLC
Investment Insights
Based on property information with market context.
This 2,693-square-foot home was built in 1900 and is currently occupied as a single-family residence, with the source describing the option to return it to a two-family configuration. It contains five bedrooms and three full bathrooms, along with a finished attic, a kitchen, and a garage with storage space. Solar panels and a private heated inground pool are also part of the property.
The home is steps from the seawall and has views of Long Island Sound. Lighthouse Park and East Shore Park are nearby, as are Yale University, YNHH, dining and entertainment options, and train access.
The home is steps from the seawall and has views of Long Island Sound. Lighthouse Park and East Shore Park are nearby, as are Yale University, YNHH, dining and entertainment options, and train access.
Key Highlights
- 2,693‑square‑foot property with five bedrooms and three full bathrooms
- Currently used as a single‑family residence; described as convertible to a two‑family configuration
- Private heated inground pool
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,328
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$906,560
$906.6K
Cap Rate 7%
$647,543
$647.5K
Cap Rate 9%
$503,644
$503.6K
Market Conditions
NOI Build-Up for 2,693 SF
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.
Gross rent
$69.5K $25.80/SF
− Vacancy
−$4.7K −$1.75/SF
EGI
$64.8K $24.05/SF
− OpEx
−$19.4K −$7.21/SF
NOI
$45.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$906,560
Cap Rate 7%
$647,543
Cap Rate 9%
$503,644
Alternative Uses
Best Use
Multifamily LT 5
$647.5K
$566.6K – $755.5K
NOI $45,328 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$602.6K
$527.3K – $703.0K
NOI $42,180 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$866.3K
$758.0K – $1.01M
NOI $60,639 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Explore this area
Business Placement
Demographics for 06513, CT
38,618
Population
17,006
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
7.2 sq mi
ZIP Area
5,364
Density / Sq Mi
$46,520
Median Household Income
$38,369
Median Earnings
$1,208
Median Rent
$226,600
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Five bedrooms and three full bathrooms provide generous space in its current single-family arrangement.
Where is this duplex located?
The property is located at 46 New Haven, CT.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: 2,693‑square‑foot property with five bedrooms and three full bathrooms; Currently used as a single‑family residence; described as convertible to a two‑family configuration; Private heated inground pool
