Duplex Near
New
For Sale
$449,000
49 Monahan Place, West Haven, CT 06516
Two-unit residential property within walking distance of beaches, a boardwalk, boat ramp, and restaurants.
Property Size1,586 SF
Price / SF$283.10
Days on Market6
Property Features for 49 Monahan Place
General Information
Standard status
Active
Size
1,586 SF
Property subtype
2 Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Ditchkus Real Estate
(203) 430-0690
Listed By:
Catherine Vincelette
(203) 430-0690
Source:
Lockandkeyre
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 1:26PM
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 Ditchkus Real Estate
Investment Insights
Based on property information with market context.
This two-unit residential property is located at 49 Monahan Place in West Haven, Connecticut. Built in 1900, the duplex offers a two-family configuration within walking distance of West Haven’s beaches, boardwalk, boat ramp, and restaurants. The setting provides convenient access to a range of waterfront and neighborhood amenities while maintaining a residential property format.
Key Highlights
- Two‑unit duplex at 49 Monahan Place, West Haven, CT 06516
- Built in 1900
- Walking distance to West Haven beaches and boardwalk
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
$26,695
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
5.95%
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%
$533,900
$533.9K
Cap Rate 7%
$381,357
$381.4K
Cap Rate 9%
$296,611
$296.6K
Market Conditions
NOI Build-Up for 1,586 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
$40.9K $25.80/SF
− Vacancy
−$2.8K −$1.75/SF
EGI
$38.1K $24.05/SF
− OpEx
−$11.4K −$7.21/SF
NOI
$26.7K $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%
$533,900
Cap Rate 7%
$381,357
Cap Rate 9%
$296,611
Alternative Uses
Best Use
Multifamily LT 5
$381.4K
$333.7K – $444.9K
NOI $26,695 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$354.9K
$310.5K – $414.0K
NOI $24,841 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$510.2K
$446.4K – $595.2K
NOI $35,712 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
355
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property within walking distance of beaches, a boardwalk, boat ramp, and restaurants.
Where is this duplex located?
The property is located at 49 Monahan Place West Haven, CT.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two‑unit duplex at 49 Monahan Place, West Haven, CT 06516; Built in 1900; Walking distance to West Haven beaches and boardwalk
