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    Well-Maintained Duplex in New Haven Title is generated by Realmo AI

    56 Victory Drive, New Haven, CT 06515

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    Claim this Listing
    For Sale
    Under Contract
    $499,000

    MULTI_FAMILY - New Haven, CT

    Property size:
    2,496 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $199/SF
    Added:
    Apr 17, 2026
    Days on Market:
    56
    Last Refresh:
    Jun 11 at 3:06 am

    Property Features for 56 Victory Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM1
    Bedrooms
    8
    Bathrooms
    2
    Rooms
    Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 8, Bedroom 4, Bedroom 2
    Parking
    4
    Standard status
    Active Under Contract
    Size
    2,496 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    5279

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1940
    Architectural style
    Other

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    Listing Contact
    Noor Ahmed

    Listing agent Noor Ahmed

    Listing office RE/MAX Heritage 20 Saugatuck Avenue, Westport, CT

    Listing date Apr 17, 2026

    MLS# 24163943 Listing URL

    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.

    HighLights

    • Side‑by‑side duplex with separate entrances and private layouts, offering the feel of a single‑family home with rental benefits
    • Established $2,700/month rental income reported from the neighboring unit
    • 8 bedrooms and 2 bathrooms
    • Year built: 1940
    • Public water and public sewer
    • Separate utilities reported

    Overview

    This well-maintained side-by-side duplex presents an opportunity for homeownership with the added benefit of rental income. The property offers the potential to offset mortgage costs with an established rental income of $2,700 per month from the neighboring unit. The duplex features separate entrances and private layouts, providing a single-family home feel with the financial advantages of an investment property. Suited for investors, this property is a cash-flowing asset. The location is near local amenities and transit. The property is situated on a lot of 0.2 acres and has a property size of 2496 Square Feet. The zoning is RM1.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $64.4k $25.80
    − Vacancy −$4.4k −$1.75
    EGI $60.0k $24.05
    − OpEx −$18.0k −$7.21
    NOI $42.0k $16.83
    2,496 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $600.2K
    $525.2K – $700.2K (±1% cap)
    NOI $42,012 @ 7.0% cap · market cap 8.42%
    Second Best
    Apartment 5plus
    $558.5K
    $488.7K – $651.6K (±1% cap)
    NOI $39,094 @ 7.0% cap · market cap 7.83%
    Theoretical Best
    Office A
    $802.9K
    $702.5K – $936.7K (±1% cap)
    NOI $56,203 @ 7.0% cap · market cap 11.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.97131
    Latitude
    41.337664

    FAQs

    What type of property is this?
    Duplex - Side-by-side duplex with rental income potential near local amenities.
    Where is this duplex located?
    The property is located at 56 Victory Drive New Haven, CT.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Side‑by‑side duplex with separate entrances and private layouts, offering the feel of a single‑family home with rental benefits; Established $2,700/month rental income reported from the neighboring unit; 8 bedrooms and 2 bathrooms
    More about this property
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