Three-Family Property with Detached
67 Clay St, New Haven, CT 06513
For Sale
$499,000
Three-level multifamily residence with off-street parking, a full basement, and access to neighborhood amenities.
Property Size2,446 SF
Lot Size0.14 Acres
Price / SF$204.01
Days on Market52
Property Features for 67 Clay St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Seabury Hill REALTORS
Listed By:
Michelle Cheng
(203) 804-9321
Source:
Elliman
Added: Sep 19
Changed: Nov 1
Last Checked: Nov 8 at 7:28AM
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 Seabury Hill REALTORS
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Investment Insights
Based on property information with market context.
This three-family property contains approximately 2,446 square feet across three levels, with 7 bedrooms and 3 full bathrooms. The layout includes generously sized rooms, a full basement for storage and utilities, off-street parking, and a detached garage. Built in 1900, the property is offered as-is and provides a substantial multifamily footprint for renovation or customization.
The property is located at 67 Clay St in New Haven’s Fair Haven neighborhood, with access to Grand Avenue, I-91, downtown New Haven, Yale University, shopping, restaurants, and public transportation. Its approximately 0.14-acre level lot supports the existing residential improvements and parking areas. WalkScore is 89, BikeScore is 87, and TransitScore is 44.
The property is located at 67 Clay St in New Haven’s Fair Haven neighborhood, with access to Grand Avenue, I-91, downtown New Haven, Yale University, shopping, restaurants, and public transportation. Its approximately 0.14-acre level lot supports the existing residential improvements and parking areas. WalkScore is 89, BikeScore is 87, and TransitScore is 44.
Key Highlights
- Triplex with approximately 2,446 square feet across three levels
- 7 bedrooms and 3 full bathrooms
- Approximately 0.14‑acre level lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,171
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,420
$823.4K
Cap Rate 7%
$588,157
$588.2K
Cap Rate 9%
$457,456
$457.5K
Market Conditions
NOI Build-Up for 2,446 SF
Gross rent
$63.1K $25.80/SF
− Vacancy
−$4.3K −$1.75/SF
EGI
$58.8K $24.05/SF
− OpEx
−$17.6K −$7.21/SF
NOI
$41.2K $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%
$823,420
Cap Rate 7%
$588,157
Cap Rate 9%
$457,456
Alternative Uses
Best Use
Multifamily LT 5
$588.2K
$514.6K – $686.2K
NOI $41,171 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$547.3K
$478.9K – $638.5K
NOI $38,311 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$786.8K
$688.5K – $918.0K
NOI $55,077 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
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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
$226,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in New Haven, CT
Properties on Market for Triplexes in New Haven
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-level multifamily residence with off-street parking, a full basement, and access to neighborhood amenities.
Where is this triplex located?
The property is located at 67 Clay St 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: Triplex with approximately 2,446 square feet across three levels; 7 bedrooms and 3 full bathrooms; Approximately 0.14‑acre level lot
