Duplex Home with River View
For Sale
$449,900
7 Downing, New Haven, CT 06513
Duplex-style residential income property with spacious, light-filled living areas, a kitchen, and a back yard with river views.
Property Size2,160 SF
Price / SF$208.29
Days on Market172
Property Features for 7 Downing
General Information
Standard status
Active
Size
2,160 SF
Property subtype
2 Family
Building Details
Year Built
1860
Listing Agency:
CLMA Realty
(203) 479-0722
Listed By:
Kimberly Tucker · License #RES.0833616
(860) 995-5109
Source:
Lockandkeyre
Added: May 4
Changed: Oct 21
Last Checked: Oct 20 at 10:13PM
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 CLMA Realty
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Investment Insights
Based on property information with market context.
This duplex-style residential income property at 7 Downing Street offers classic New England character with modern convenience. Inside, the home features spacious living areas and abundant natural light, along with a kitchen designed for everyday use and entertaining. The back yard includes a view of the river, adding an outdoor element to the home’s setting.
The property is located in New Haven, just minutes from Yale, nearby parks, and downtown destinations.
Overall, it presents a residential-income configuration with interior living space and an outdoor river-view yard.
The property is located in New Haven, just minutes from Yale, nearby parks, and downtown destinations.
Overall, it presents a residential-income configuration with interior living space and an outdoor river-view yard.
Key Highlights
- Year built: 1860
- Duplex‑style residential income property
- Spacious, light‑filled living areas throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,357
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,140
$727.1K
Cap Rate 7%
$519,386
$519.4K
Cap Rate 9%
$403,967
$404.0K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$55.7K $25.80/SF
− Vacancy
−$3.8K −$1.75/SF
EGI
$51.9K $24.05/SF
− OpEx
−$15.6K −$7.21/SF
NOI
$36.4K $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%
$727,140
Cap Rate 7%
$519,386
Cap Rate 9%
$403,967
Alternative Uses
Best Use
Multifamily LT 5
$519.4K
$454.5K – $606.0K
NOI $36,357 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$483.3K
$422.9K – $563.9K
NOI $33,831 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$694.8K
$608.0K – $810.6K
NOI $48,637 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
708
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex-style residential income property with spacious, light-filled living areas, a kitchen, and a back yard with river views.
Where is this duplex located?
The property is located at 7 Downing New Haven, CT.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Year built: 1860; Duplex‑style residential income property; Spacious, light‑filled living areas throughout
