Two-Family Duplex with
For Sale
$329,000
49 Stevens Street, New Haven, CT 06519
Off-street parking and convenient access to schools, shopping, dining, transit, and major highways.
Property Size1,900 SF
Price / SF$247.37
Days on Market10
Property Features for 49 Stevens Street
General Information
Standard status
Active
Size
1,900 SF
Property subtype
2 Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
off-street parking
backyard
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
Roundtree Realty LLC
(203) 809-2409
Listed By:
Diego Lander · License #855158
(203) 809-2409
Source:
Iverty
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 23 at 3:01AM
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 Roundtree Realty LLC
Investment Insights
Based on property information with market context.
This two-unit residential property at 49 Stevens Street provides a flexible duplex configuration with off-street parking and a backyard. Built in 1900, the building offers an established housing asset with options for an owner-occupant or rental-focused ownership strategy.
The property is positioned in New Haven near major highways, schools, Yale New Haven Hospital, shopping, dining, and everyday services. Public transportation is available nearby, while several schools and neighborhood amenities can be reached on foot. The combination of two separate units, outdoor space, and access to surrounding conveniences supports multiple occupancy and rental arrangements.
The property is positioned in New Haven near major highways, schools, Yale New Haven Hospital, shopping, dining, and everyday services. Public transportation is available nearby, while several schools and neighborhood amenities can be reached on foot. The combination of two separate units, outdoor space, and access to surrounding conveniences supports multiple occupancy and rental arrangements.
Key Highlights
- Two‑family duplex configuration at 49 Stevens Street
- Off‑street parking included
- Backyard provides private outdoor space
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
$22,386
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
6.80%
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%
$447,720
$447.7K
Cap Rate 7%
$319,800
$319.8K
Cap Rate 9%
$248,733
$248.7K
Market Conditions
NOI Build-Up for 1,330 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
$34.3K $25.80/SF
− Vacancy
−$2.3K −$1.75/SF
EGI
$32.0K $24.05/SF
− OpEx
−$9.6K −$7.21/SF
NOI
$22.4K $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%
$447,720
Cap Rate 7%
$319,800
Cap Rate 9%
$248,733
Alternative Uses
Best Use
Multifamily LT 5
$319.8K
$279.8K – $373.1K
NOI $22,386 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$297.6K
$260.4K – $347.2K
NOI $20,831 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$427.8K
$374.4K – $499.1K
NOI $29,948 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,288
Businesses Nearby
Explore this area
Business Placement
Demographics for 06519, CT
15,450
Population
6,424
Households
2.4
Avg Household Size
33
Median Age
20%
College-Educated
77%
High-School Grad
1.8 sq mi
ZIP Area
8,583
Density / Sq Mi
$44,394
Median Household Income
$29,745
Median Earnings
$1,356
Median Rent
$247,600
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 - Off-street parking and convenient access to schools, shopping, dining, transit, and major highways.
Where is this duplex located?
The property is located at 49 Stevens Street New Haven, CT.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two‑family duplex configuration at 49 Stevens Street; Off‑street parking included; Backyard provides private outdoor space
