Three-Story
For Sale
$319,000
Pending
65 Saltonstall, New Haven, CT 06513
Two-family property with a fenced rear yard and updated mechanical systems and roof.
Property Size1,700 SF
Days on Market14
Property Features for 65 Saltonstall
General Information
Standard status
Pending
Size
1,700 SF
Property subtype
2 Family
Additional Details
Multifamily Units
2
Amenities
fenced rear yard
Building Details
Year Built
1880
Stories
3
Listing Agency:
Petrucci Real Estate Services
(203) 853-9877
Listed By:
Robert Petrucci · License #REB.0754134
Source:
Lockandkeyre
Added: Sep 30
Changed: Oct 13
Last Checked: Oct 12 at 8:13PM
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 Petrucci Real Estate Services
Investment Insights
Based on property information with market context.
This two-family property offers three floors of living space, with a fenced, level yard behind the building. The roof and mechanical systems have been updated within the past four years.
Built in 1880, the property contains 1,700 square feet of living space.
Built in 1880, the property contains 1,700 square feet of living space.
Key Highlights
- Two‑family property with three floors of living space
- 1,700 square feet
- Fenced, level rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,614
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,280
$572.3K
Cap Rate 7%
$408,771
$408.8K
Cap Rate 9%
$317,933
$317.9K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$43.9K $25.80/SF
− Vacancy
−$3.0K −$1.75/SF
EGI
$40.9K $24.05/SF
− OpEx
−$12.3K −$7.21/SF
NOI
$28.6K $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%
$572,280
Cap Rate 7%
$408,771
Cap Rate 9%
$317,933
Alternative Uses
Best Use
Multifamily LT 5
$408.8K
$357.7K – $476.9K
NOI $28,614 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$380.4K
$332.8K – $443.8K
NOI $26,627 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$546.8K
$478.5K – $638.0K
NOI $38,279 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
858
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 - Two-family property with a fenced rear yard and updated mechanical systems and roof.
Where is this duplex located?
The property is located at 65 Saltonstall New Haven, CT.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two‑family property with three floors of living space; 1,700 square feet; Fenced, level rear yard
