Duplex With Accessory
New
For Sale
$574,900
6 Mettler St, Woodbridge, CT 06525
Cape-style duplex with separate utilities and a heated attached garage for flexible occupancy arrangements.
Property Size1,838 SF
Price / SF$312.79
Days on Market4
Property Features for 6 Mettler St
General Information
Standard status
Active
Size
1,838 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3-4BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
attached garage
sunroom/breezeway
Building Details
Year Built
2002
Construction
Cape
Listing Agency:
Coldwell Banker Realty
Listed By:
Buddy Degennaro · License #REB.0757044
(203) 710-2548
Source:
Homesbyshoshana
Added: Sep 10
Last Checked: Sep 12 at 11:49AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 2002 Cape-style duplex includes a primary residence with 3 to 4 bedrooms and 2 full baths, plus a legal accessory apartment above the heated two-car attached garage. The main home combines an eat-in kitchen, living room, sunroom or breezeway, two first-floor bedrooms, an upstairs primary bedroom, a den, and a second full bath. The apartment has its own exterior entry, gas heat, and electrical service, along with an eat-in kitchen, living room, bedroom, and full bath.
Located at 6 Mettler St in Woodbridge, the property offers access to Route 15, public transportation, Yale University, downtown New Haven, shopping, dining, and other local amenities. The separate apartment configuration supports independent occupancy for tenants or extended household use.
Located at 6 Mettler St in Woodbridge, the property offers access to Route 15, public transportation, Yale University, downtown New Haven, shopping, dining, and other local amenities. The separate apartment configuration supports independent occupancy for tenants or extended household use.
Key Highlights
- Legal accessory apartment with private exterior entrance
- Main residence offers 3 to 4 bedrooms and 2 full baths
- Accessory unit includes an eat‑in kitchen, living room, bedroom, and full bath
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
$30,937
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
5.38%
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%
$618,740
$618.7K
Cap Rate 7%
$441,957
$442.0K
Cap Rate 9%
$343,744
$343.7K
Market Conditions
NOI Build-Up for 1,838 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
$47.4K $25.80/SF
− Vacancy
−$3.2K −$1.75/SF
EGI
$44.2K $24.05/SF
− OpEx
−$13.3K −$7.21/SF
NOI
$30.9K $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%
$618,740
Cap Rate 7%
$441,957
Cap Rate 9%
$343,744
Alternative Uses
Best Use
Multifamily LT 5
$442.0K
$386.7K – $515.6K
NOI $30,937 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$411.3K
$359.9K – $479.8K
NOI $28,788 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$591.2K
$517.3K – $689.8K
NOI $41,387 @ 7.0% cap · market cap 7.20%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 06525, CT
9,087
Population
3,408
Households
2.7
Avg Household Size
46
Median Age
74%
College-Educated
97%
High-School Grad
18.8 sq mi
ZIP Area
483
Density / Sq Mi
$201,926
Median Household Income
$100,882
Median Earnings
$1,896
Median Rent
$546,400
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?
Duplex - Cape-style duplex with separate utilities and a heated attached garage for flexible occupancy arrangements.
Where is this duplex located?
The property is located at 6 Mettler St Woodbridge, CT.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: Legal accessory apartment with private exterior entrance; Main residence offers 3 to 4 bedrooms and 2 full baths; Accessory unit includes an eat‑in kitchen, living room, bedroom, and full bath
