Duplex with Separate
New
For Sale
$499,900
52 Terrace St, New Haven, CT 06512
Central air and individual utility systems serve both residences, with natural gas and public water and sewer.
Property Size1,844 SF
Days on Market2
Property Features for 52 Terrace St
General Information
Standard status
Active
Size
1,844 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Annex
Public Transit
Yes
Utilities to Site
Yes
Units
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Amenities
central air
Building Details
Building Size
1,844 SF
Year Built
1900
Buildings
1
Tenancy
Single
Listing Agency:
Real Broker CT, LLC
Listed By:
Sara Tufano · License #RES.0789689
(203) 623-8402
Source:
Elliman
Added: Oct 28
Last Checked: Oct 28 at 3:07PM
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 Real Broker CT, LLC
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with living space, bedrooms, and a kitchen. One unit is vacant, while the other is occupied under a month-to-month tenancy. The building has central air, newer vinyl siding, and separate utilities for each unit, along with natural gas and public water and sewer service. Built in 1900, it offers a two-unit layout with distinct utility systems.
Shopping, dining, public transportation, and major commuter routes are nearby. The property has a Bike Score of 51, a Walk Score of 60, and a Transit Score of 41.
Shopping, dining, public transportation, and major commuter routes are nearby. The property has a Bike Score of 51, a Walk Score of 60, and a Transit Score of 41.
Key Highlights
- Two‑unit duplex built in 1900
- One unit vacant; the other has a month‑to‑month tenant
- Separate utilities for each unit, central air, and natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,038
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,760
$620.8K
Cap Rate 7%
$443,400
$443.4K
Cap Rate 9%
$344,867
$344.9K
Market Conditions
NOI Build-Up for 1,844 SF
Gross rent
$47.6K $25.80/SF
− Vacancy
−$3.2K −$1.75/SF
EGI
$44.3K $24.05/SF
− OpEx
−$13.3K −$7.21/SF
NOI
$31.0K $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%
$620,760
Cap Rate 7%
$443,400
Cap Rate 9%
$344,867
Alternative Uses
Best Use
Multifamily LT 5
$443.4K
$388.0K – $517.3K
NOI $31,038 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$412.6K
$361.0K – $481.4K
NOI $28,882 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$593.2K
$519.0K – $692.0K
NOI $41,522 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
494
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Central air and individual utility systems serve both residences, with natural gas and public water and sewer.
Where is this duplex located?
The property is located at 52 Terrace St New Haven, CT.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1900; One unit vacant; the other has a month‑to‑month tenant; Separate utilities for each unit, central air, and natural gas
