Three-Unit Residential
688 Dixwell Ave, New Haven, CT 06511
For Sale
New
$549,900
The fully occupied building contains two three-bedroom apartments and one one-bedroom apartment.
Property Size3,017 SF
Days on Market1
Property Features for 688 Dixwell Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Roundtree Realty LLC
Listed By:
Aharon Cowen · License CT RES.0832571
(747) 252-3955
Source:
Elliman
Added: Nov 10
Last Checked: Nov 10 at 2:16PM
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 Roundtree Realty LLC
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Investment Insights
Based on property information with market context.
This three-unit residential property was built in 1900 and is fully occupied. Its apartment mix comprises two three-bedroom units and one one-bedroom unit.
The property is at 688 Dixwell Ave in New Haven, near the Hamden line. Nearby context includes shopping, dining, public transportation, Yale University, downtown New Haven, and the city’s employment centers. Its bike score is 70, walk score is 67, and transit score is 42.
The property is at 688 Dixwell Ave in New Haven, near the Hamden line. Nearby context includes shopping, dining, public transportation, Yale University, downtown New Haven, and the city’s employment centers. Its bike score is 70, walk score is 67, and transit score is 42.
Key Highlights
- Three apartments: two three‑bedroom units and one one‑bedroom unit
- Fully occupied
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,254
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$945,080
$945.1K
Cap Rate 7%
$675,057
$675.1K
Cap Rate 9%
$525,044
$525.0K
Market Conditions
NOI Build-Up for 3,017 SF
Gross rent
$91.6K $30.36/SF
− Vacancy
−$5.7K −$1.88/SF
EGI
$85.9K $28.48/SF
− OpEx
−$38.7K −$12.81/SF
NOI
$47.3K $15.66/SF
Area
New Haven, CT
Vacancy
6.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$945,080
Cap Rate 7%
$675,057
Cap Rate 9%
$525,044
Alternative Uses
Best Use
Multifamily LT 5
$725.5K
$634.8K – $846.4K
NOI $50,782 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$675.1K
$590.7K – $787.6K
NOI $47,254 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$970.5K
$849.2K – $1.13M
NOI $67,935 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
664
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
$313,400
Median Home Value
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Market
Average Price Trend$/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 - The fully occupied building contains two three-bedroom apartments and one one-bedroom apartment.
Where is this triplex located?
The property is located at 688 Dixwell Ave New Haven, CT.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Three apartments: two three‑bedroom units and one one‑bedroom unit; Fully occupied; Built in 1900
