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Turnkey Multifamily Near Yale

687-689 Winchester Avenue New Haven, CT 06511

Claim this Listing
For Sale
$574,900

Multifamily property near Yale with cashflow potential.

Type:Multi-Family / 2 Family
Property size:
2,432 SF
Price / SF:
$236.39/SF
Added:
May 26, 2026
Days on Market:
50
Last Refresh:
May 27 at 8:04 am

Property Features for 687-689 Winchester Avenue

General Information

Standard status
Active
Size
2,432 SF
Property subtype
Multi-Family / 2 Family

Building Details

Year Built
1920

Listing office Robert C White & Company LLC

Listing date May 26, 2026

Source Compass

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 Robert C White & Company LLC


Investment Insights

Based on property information with market context.

This multifamily property is located minutes from Yale and Science Park. Both units are spacious and well-kept, each featuring 4 bedrooms, 2 full bathrooms, and in-unit laundry. The property also offers a finished third-floor area, suitable for an in-law setup, extended living space, or additional income potential. The property size is 2432 square feet. This multifamily property presents cash flow potential for investors and/or owner-occupants.

Key Highlights

  • Turnkey multi‑family property ideal for investors or owner‑occupants.
  • Prime location minutes from Yale and Science Park.
  • Two spacious units, each with 4 bedrooms and 2 full bathrooms.

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 $62.7k $25.80
− Vacancy −$4.3k −$1.75
EGI $58.5k $24.05
− OpEx −$17.5k −$7.21
NOI $40.9k $16.83
2,432 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$584.8K
$511.7K – $682.3K (±1% cap)
NOI $40,935 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$544.2K
$476.2K – $634.9K (±1% cap)
NOI $38,092 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$782.3K
$684.5K – $912.7K (±1% cap)
NOI $54,762 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Skin Care Clinic Dental Office Bakery (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Accounting Firm Acupuncture Computer & Electronic Repair Furniture & Home Goods

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

FAQs

What type of property is this?
Duplex - Multifamily property near Yale with cashflow potential.
Where is this duplex located?
The property is located at 687-689 Winchester Avenue New Haven, 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: Turnkey multi‑family property ideal for investors or owner‑occupants.; Prime location minutes from Yale and Science Park.; Two spacious units, each with 4 bedrooms and 2 full bathrooms.
Contact an agent
More about this property
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