Two-Unit Multifamily
For Sale
$399,000
52 , New Haven, CT 06519
Separate residences support owner-occupancy, rental use, or a combination of both.
Property Size1,990 SF
Price / SF$215.91
Days on Market50
Property Features for 52
General Information
Standard status
Active
Size
1,990 SF
Property subtype
2 Family
Lease Term
Listing ID: 24196698, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 30 days on market
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
1,990 SF
Year Built
1990
Listing Agency:
Roundtree Realty LLC
(475) 227-4312
Listed By:
Jonah Green · License #RES.0835411
(954) 461-8586
Source:
Iverty
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 4 at 9:41AM
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-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 / Yr
$31,105
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
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
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 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 7.80%
Second Best
Apartment 5plus
$413.5K
$361.8K – $482.4K
NOI $28,945 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$594.5K
$520.2K – $693.5K
NOI $41,612 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,811
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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 New Haven, CT.
What is the asking price?
The asking price for this property is $399,000.
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
