3-Unit Multifamily
New
For Sale
$570,000
53 Orlando, West Haven, CT 06516
All residences include central heating and air conditioning, granite counters, stainless steel appliances, and office-flexible space.
Property Size1,925 SF
Price / SF$205.92
Days on Market4
Property Features for 53 Orlando
General Information
Standard status
Active
Size
1,925 SF
Property subtype
3 Family
Occupancy
100%
Lease Term
Listing ID: 24213933, Standard Status: Active, MLS Status: Active, Property Subtype: 3 Family, 2 days on market
Units
Unit Mix
2 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Amenities
central HVAC
granite countertops
stainless steel appliances
off-street parking
laundry hookups
Building Details
Building Size
1,925 SF
Year Built
1925
Listing Agency:
Cordelli Realty LLC
(203) 856-4317
Listed By:
Jake Cordelli · License #REB.0793614
Source:
Iverty
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 14 at 10:51PM
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 Cordelli Realty LLC
Investment Insights
Based on property information with market context.
Built in 1925, this 2,768-square-foot triplex contains three apartments with a total of eight bedrooms and three bathrooms. The unit mix consists of two three-bedroom apartments and one two-bedroom apartment. Each residence has central heating and air conditioning, granite countertops, stainless steel appliances, and additional space suitable for office use.
The property is 0.8 miles from the University of New Haven. Off-street parking is available, and the basement has laundry hookups. The building is fully occupied.
The property is 0.8 miles from the University of New Haven. Off-street parking is available, and the basement has laundry hookups. The building is fully occupied.
Key Highlights
- Three apartments: two 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- 2,768 square feet; built in 1925
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,591
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$931,820
$931.8K
Cap Rate 7%
$665,586
$665.6K
Cap Rate 9%
$517,678
$517.7K
Market Conditions
NOI Build-Up for 2,768 SF
Gross rent
$71.4K $25.80/SF
− Vacancy
−$4.9K −$1.75/SF
EGI
$66.6K $24.05/SF
− OpEx
−$20.0K −$7.21/SF
NOI
$46.6K $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%
$931,820
Cap Rate 7%
$665,586
Cap Rate 9%
$517,678
Alternative Uses
Best Use
Multifamily LT 5
$665.6K
$582.4K – $776.5K
NOI $46,591 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$619.3K
$541.9K – $722.6K
NOI $43,354 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$890.4K
$779.1K – $1.04M
NOI $62,328 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Explore this area
Business Placement
Demographics for 06516, CT
55,584
Population
21,884
Households
2.5
Avg Household Size
38
Median Age
29%
College-Educated
88%
High-School Grad
10.8 sq mi
ZIP Area
5,147
Density / Sq Mi
$73,566
Median Household Income
$41,123
Median Earnings
$1,389
Median Rent
$265,200
Median Home Value
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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?
Triplex - All residences include central heating and air conditioning, granite counters, stainless steel appliances, and office-flexible space.
Where is this triplex located?
The property is located at 53 Orlando West Haven, CT.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Three apartments: two 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; 2,768 square feet; built in 1925; Fully occupied
