Duplex with Off-Street
New
For Sale
$420,000
55 Monroe St, New Haven, CT 06513
The two floors have matching layouts, and the property includes a backyard and well-maintained mechanicals.
Property Size1,958 SF
Days on Market2
Property Features for 55 Monroe St
General Information
Standard status
Active
Size
1,958 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
spacious backyard
Building Details
Building Size
1,958 SF
Year Built
1978
Listing Agency:
Roundtree Realty LLC
Listed By:
Javyn Roundtree · License #0795713
(747) 252-3955
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 2:52PM
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 1978 duplex has two floors with the same layout. The property also includes a backyard, off-street parking, and well-maintained mechanicals. It is located at 55 Monroe Street in New Haven.
I-91 is a 4-minute drive away. Public transportation, schools, Downtown New Haven, and amenities within walking distance are also noted. The property has a bike score of 87, rated Very Bikeable, a walk score of 89, rated Very Walkable, and a transit score of 44, rated Some Transit.
I-91 is a 4-minute drive away. Public transportation, schools, Downtown New Haven, and amenities within walking distance are also noted. The property has a bike score of 87, rated Very Bikeable, a walk score of 89, rated Very Walkable, and a transit score of 44, rated Some Transit.
Key Highlights
- Two floors share the same layout
- Off‑street parking and a backyard
- Well‑maintained mechanicals
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
$32,957
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
7.85%
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%
$659,140
$659.1K
Cap Rate 7%
$470,814
$470.8K
Cap Rate 9%
$366,189
$366.2K
Market Conditions
NOI Build-Up for 1,958 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
$50.5K $25.80/SF
− Vacancy
−$3.4K −$1.75/SF
EGI
$47.1K $24.05/SF
− OpEx
−$14.1K −$7.21/SF
NOI
$33.0K $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 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%
$659,140
Cap Rate 7%
$470,814
Cap Rate 9%
$366,189
Alternative Uses
Best Use
Multifamily LT 5
$470.8K
$412.0K – $549.3K
NOI $32,957 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$438.1K
$383.4K – $511.1K
NOI $30,668 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$629.8K
$551.1K – $734.8K
NOI $44,089 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,513
Businesses Nearby
Explore this area
Business Placement
Demographics for 06513, CT
38,618
Population
17,006
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
7.2 sq mi
ZIP Area
5,364
Density / Sq Mi
$46,520
Median Household Income
$38,369
Median Earnings
$1,208
Median Rent
$226,600
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 - The two floors have matching layouts, and the property includes a backyard and well-maintained mechanicals.
Where is this duplex located?
The property is located at 55 Monroe St New Haven, CT.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two floors share the same layout; Off‑street parking and a backyard; Well‑maintained mechanicals
