Two-Unit Multifamily
New
For Sale
$410,000
52 Button St, New Haven, CT 06519
Separate residences support owner-occupancy, rental use, or a combination of both.
Property Size1,848 SF
Days on Market5
Property Features for 52 Button St
General Information
Standard status
Active
Size
1,848 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
1,848 SF
Year Built
1990
Listing Agency:
Roundtree Realty
(475) 227-4312
Listed By:
Javyn Roundtree · License #0795713
(475) 227-4312
Source:
Elliman
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 22 at 11:49AM
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
Investment Insights
Based on property information with market context.
This two-family property contains two residential units with practical layouts, generous living areas, and comfortable accommodations. Abundant natural light adds to the character of each residence, while the configuration supports either owner-occupancy with rental income or continued use as a multifamily investment. The home was built in 1990.
Located at 52 Button St in New Haven, the property is near Yale University, downtown, hospitals, shopping, restaurants, parks, public transportation, and major highways. Residents have access to a walkable urban setting, with a Walk Score of 80, Bike Score of 60, and Transit Score of 55.
Located at 52 Button St in New Haven, the property is near Yale University, downtown, hospitals, shopping, restaurants, parks, public transportation, and major highways. Residents have access to a walkable urban setting, with a Walk Score of 80, Bike Score of 60, and Transit Score of 55.
Key Highlights
- Two residential units within one multifamily property
- Built in 1990
- 52 Button St, New Haven, CT 06519
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
$31,105
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%
$622,100
$622.1K
Cap Rate 7%
$444,357
$444.4K
Cap Rate 9%
$345,611
$345.6K
Market Conditions
NOI Build-Up for 1,848 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
$47.7K $25.80/SF
− Vacancy
−$3.2K −$1.75/SF
EGI
$44.4K $24.05/SF
− OpEx
−$13.3K −$7.21/SF
NOI
$31.1K $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%
$622,100
Cap Rate 7%
$444,357
Cap Rate 9%
$345,611
Alternative Uses
Best Use
Multifamily LT 5
$444.4K
$388.8K – $518.4K
NOI $31,105 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$413.5K
$361.8K – $482.4K
NOI $28,945 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$594.5K
$520.2K – $693.5K
NOI $41,612 @ 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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,514
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 - Separate residences support owner-occupancy, rental use, or a combination of both.
Where is this duplex located?
The property is located at 52 Button St New Haven, CT.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Two residential units within one multifamily property; Built in 1990; 52 Button St, New Haven, CT 06519
