Three-Unit Triplex with Detached
New
For Sale
$535,900
605-607 Whalley, New Haven, CT 06511
The fully leased property combines updated kitchens and baths with a detached garage.
Property Size1,900 SF
Days on Market7
Property Features for 605-607 Whalley
General Information
Standard status
Active
Size
1,900 SF
Total Parking Spaces
2
Property subtype
3 Family
Occupancy
100%
Lease Term
Listing ID: 24214823, Standard Status: Active, MLS Status: Active, Property Subtype: 3 Family, 4 days on market
Building Details
Building Size
1,900 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(203) 389-0015
Listed By:
Dalia Coleman · License #RES.0389629
(203) 605-5128
Source:
Iverty
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 20 at 9:24PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This New Haven triplex contains three occupied units and dates to 1900. Improvements include newer windows, utilities, and roof, along with refreshed kitchens and bathrooms. A separate two-car garage is also part of the property.
The building is on Whalley Avenue, with access to shopping, public transportation, local amenities, and major roadways.
The building is on Whalley Avenue, with access to shopping, public transportation, local amenities, and major roadways.
Key Highlights
- Three‑unit multifamily property, fully occupied
- Detached 2‑car garage
- Newer roof, windows, and utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,981
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,620
$639.6K
Cap Rate 7%
$456,871
$456.9K
Cap Rate 9%
$355,344
$355.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$49.0K $25.80/SF
− Vacancy
−$3.3K −$1.75/SF
EGI
$45.7K $24.05/SF
− OpEx
−$13.7K −$7.21/SF
NOI
$32.0K $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%
$639,620
Cap Rate 7%
$456,871
Cap Rate 9%
$355,344
Alternative Uses
Best Use
Multifamily LT 5
$456.9K
$399.8K – $533.0K
NOI $31,981 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$425.1K
$372.0K – $496.0K
NOI $29,759 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$611.2K
$534.8K – $713.1K
NOI $42,783 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
Explore this area
Business Placement
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The fully leased property combines updated kitchens and baths with a detached garage.
Where is this triplex located?
The property is located at 605-607 Whalley New Haven, CT.
What is the asking price?
The asking price for this property is $535,900.
What are key features of this property?
This property features: Three‑unit multifamily property, fully occupied; Detached 2‑car garage; Newer roof, windows, and utilities
