Two-Unit Duplex with Central
New
For Sale
$499,900
52 Terrace Street, New Haven, CT 06512
Multi-Family For Sale, Units on different Floors, New Haven, CT
Property Size1,844 SF
Lot Size0.12 Acres
Price / SF$271.10
Days on Market2
Property Features for 52 Terrace Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Basement, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1
Patio and Porch features
Porch
Exterior features
Porch,Gutters
Basement
Full, Unfinished
Lot features
Level Lot
Elementary school
Nathan Hale
High school
Wilbur Cross
Directions
GPS Friendly - 52 terrace Street New Haven
Standard status
Active
Size
1,844 SF
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
6076
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
central air
Building Details
Year built
1900
Architectural style
Other
Listing Agency:
Real Broker CT, LLC
(855) 450-0442
Listed By:
Sara Tufano
(203) 623-8402
Added: Oct 27
Last Checked: Oct 28 at 5:06PM
MLS# 24217380
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,844-square-foot duplex contains two residential units on a 0.12-acre lot. Each residence has living space, bedrooms, and a kitchen. Central air serves the property, and each unit has separate utilities. Newer vinyl siding, a porch, and gutters are additional exterior features.
One unit is becoming vacant, while the other has a month-to-month tenant. The property was built in 1900 and is zoned RM1. Public water and sewer are available, along with natural gas.
One unit is becoming vacant, while the other has a month-to-month tenant. The property was built in 1900 and is zoned RM1. Public water and sewer are available, along with natural gas.
Key Highlights
- Two residential units; one is becoming vacant and the other has a month‑to‑month tenant
- 1,844 square feet on a 0.12‑acre lot
- Central air and separate utilities for each unit
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
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 - Separate utilities serve each residence, with public water and sewer and natural gas.
Where is this duplex located?
The property is located at 52 Terrace Street 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 residential units; one is becoming vacant and the other has a month‑to‑month tenant; 1,844 square feet on a 0.12‑acre lot; Central air and separate utilities for each unit
