Two-Unit Residential Income
464 Third Avenue West Haven, CT 06516
464 Third Avenue, West Haven, CT, 06516
$536,000
For Sale
$536,000
Duplex with two porches, eat-in kitchens, oversized living spaces, and tenant-occupied first floor units.
Property Size2,556 SF
Price / SF$209.70
Days on Market82
Property Features for 464 Third Avenue
General Information
- Standard status
- Active
- Size
- 2,556 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1908
Listing agency
Williams RE & Prop Management
(203) 996-1723
Listed by
Ricardo Williams
(203) 996-1723
Source
Lockandkeyre
Added: May 1 Updated: Jul 21 at 12:44PM Checked: Jul 21 at 12:44PM
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 Williams RE & Prop Management
Investment Insights
Based on property information with market context.
This duplex offers two residential units, each with an eat-in kitchen, oversized living spaces, and a porch. The first floor is occupied by long-term tenants. Additional income is supported by rented garage space and sheds.
The property is located near West Haven beaches, the train station, and major roadways including I-95, I-91, and the Merritt Parkway. It is also close to the University of New Haven and Yale, with a variety of nearby restaurants.
Roof and siding are reported to be approximately four years old, providing practical recent exterior updates for the property.
The property is located near West Haven beaches, the train station, and major roadways including I-95, I-91, and the Merritt Parkway. It is also close to the University of New Haven and Yale, with a variety of nearby restaurants.
Roof and siding are reported to be approximately four years old, providing practical recent exterior updates for the property.
Key Highlights
- Duplex built in 1908 with two porches, eat‑in kitchens, and oversized living spaces
- Roof and siding are 4 years old
- First‑floor units are occupied by long‑term tenants
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 | $65.9k | $25.80 |
| − Vacancy | −$4.5k | −$1.75 |
| EGI | $61.5k | $24.05 |
| − OpEx | −$18.4k | −$7.21 |
| NOI | $43.0k | $16.83 |
2,556 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$614.6K
$537.8K – $717.0K
NOI $43,022 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$571.9K
$500.4K – $667.2K
NOI $40,034 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$822.2K
$719.4K – $959.2K
NOI $57,554 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two porches, eat-in kitchens, oversized living spaces, and tenant-occupied first floor units.
Where is this duplex located?
The property is located at 464 Third Avenue West Haven, CT.
What is the asking price?
The asking price for this property is $536,000.
What are key features of this property?
This property features: Duplex built in 1908 with two porches, eat‑in kitchens, and oversized living spaces; Roof and siding are 4 years old; First‑floor units are occupied by long‑term tenants
