Two-Family Cape with Detached
For Sale
$402,000
49 Huntington Ave, New Haven, CT 06512
Well-maintained two-family Cape offering separate living spaces, a remodeled kitchen, and off-street parking with a detached garage.
Property Size1,812 SF
Price / SF$221.85
Days on Market40
Property Features for 49 Huntington Ave
General Information
Standard status
Active
Size
1,812 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,549
Listing Agency:
eXp Realty
(860) 798-4142
Listed By:
Cheryl D. Hilton · License #452508574
(860) 798-4142
Source:
Exprealty
Added: Jul 17
Changed: Aug 23
Last Checked: Aug 24 at 11:27AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family Cape offers separate living spaces with flexibility for an owner-occupant or rental use. The home includes a beautifully remodeled kitchen featuring updated cabinetry, countertops, and appliances. A detached garage and additional off-street parking provide convenient day-to-day access.
Located in a desirable, walkable neighborhood, the property is close to shopping, dining, parks, schools, and public transportation, supporting everyday convenience.
The property is being sold AS IS.
Located in a desirable, walkable neighborhood, the property is close to shopping, dining, parks, schools, and public transportation, supporting everyday convenience.
The property is being sold AS IS.
Key Highlights
- Two‑family Cape built in 1945 with separate living spaces for owner‑occupancy, multigenerational living, or rentals
- Remodeled kitchen with updated cabinetry, countertops, and appliances
- Detached garage plus additional off‑street parking
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
$30,499
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
7.59%
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%
$609,980
$610.0K
Cap Rate 7%
$435,700
$435.7K
Cap Rate 9%
$338,878
$338.9K
Market Conditions
NOI Build-Up for 1,812 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
$46.7K $25.80/SF
− Vacancy
−$3.2K −$1.75/SF
EGI
$43.6K $24.05/SF
− OpEx
−$13.1K −$7.21/SF
NOI
$30.5K $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%
$609,980
Cap Rate 7%
$435,700
Cap Rate 9%
$338,878
Alternative Uses
Best Use
Multifamily LT 5
$435.7K
$381.2K – $508.3K
NOI $30,499 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$405.4K
$354.8K – $473.0K
NOI $28,381 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$582.9K
$510.0K – $680.0K
NOI $40,801 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 06512, CT
29,457
Population
12,945
Households
2.3
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
2,779
Density / Sq Mi
$84,034
Median Household Income
$48,981
Median Earnings
$1,464
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 - Well-maintained two-family Cape offering separate living spaces, a remodeled kitchen, and off-street parking with a detached garage.
Where is this duplex located?
The property is located at 49 Huntington Ave New Haven, CT.
What is the asking price?
The asking price for this property is $402,000.
What are key features of this property?
This property features: Two‑family Cape built in 1945 with separate living spaces for owner‑occupancy, multigenerational living, or rentals; Remodeled kitchen with updated cabinetry, countertops, and appliances; Detached garage plus additional off‑street parking
