Two-Family Duplex with Detached
For Sale
$499,900
Pending
76 Arlington Street, West Haven, CT 06516
Two residential units share a full basement, separate heating systems, and substantial off-street parking.
Property Size2,457 SF
Days on Market10
Property Features for 76 Arlington Street
General Information
Standard status
Pending
Size
2,457 SF
Total Parking Spaces
2
Property subtype
2 Family
Building Details
Year Built
1964
Buildings
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(203) 535-5706
Listed By:
Karen Kline
(203) 535-5706
Source:
Lockandkeyre
Added: Jul 30
Changed: Aug 8
Last Checked: Aug 6 at 4:07AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1964 two-family duplex provides 2,457 square feet of living space across two three-bedroom units. Each apartment includes one full bath, hardwood flooring in the living areas, tiled kitchens, and generously proportioned rooms with natural light. The first-floor residence has central air conditioning. A full basement serves both units and includes independent heating systems, washer and dryer hookups, and storage space. Heating is currently oil-fired, while natural gas is available in the street for a future conversion. A detached two-car garage and additional off-street parking complete the property.
The property is located at 76 Arlington Street in West Haven’s West Shore neighborhood, near the Long Island Sound and area beaches. West Haven Train Station provides commuter access, with downtown Milford and Yale New Haven Hospital also nearby. The configuration may suit an investor or an owner-occupant seeking rental income, as described in the property information.
The property is located at 76 Arlington Street in West Haven’s West Shore neighborhood, near the Long Island Sound and area beaches. West Haven Train Station provides commuter access, with downtown Milford and Yale New Haven Hospital also nearby. The configuration may suit an investor or an owner-occupant seeking rental income, as described in the property information.
Key Highlights
- 2,457 square feet of living space in a two‑family duplex
- Each unit offers 3 bedrooms, 1 full bath, hardwood floors, and tiled kitchens
- Full shared basement with separate heating systems, laundry hookups, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,356
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$827,120
$827.1K
Cap Rate 7%
$590,800
$590.8K
Cap Rate 9%
$459,511
$459.5K
Market Conditions
NOI Build-Up for 2,457 SF
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.
Gross rent
$63.4K $25.80/SF
− Vacancy
−$4.3K −$1.75/SF
EGI
$59.1K $24.05/SF
− OpEx
−$17.7K −$7.21/SF
NOI
$41.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$827,120
Cap Rate 7%
$590,800
Cap Rate 9%
$459,511
Alternative Uses
Best Use
Multifamily LT 5
$590.8K
$517.0K – $689.3K
NOI $41,356 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$549.8K
$481.0K – $641.4K
NOI $38,483 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$790.4K
$691.6K – $922.1K
NOI $55,325 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 06516, CT
55,584
Population
21,884
Households
2.5
Avg Household Size
38
Median Age
29%
College-Educated
88%
High-School Grad
10.8 sq mi
ZIP Area
5,147
Density / Sq Mi
$73,566
Median Household Income
$41,123
Median Earnings
$1,389
Median Rent
$265,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units share a full basement, separate heating systems, and substantial off-street parking.
Where is this duplex located?
The property is located at 76 Arlington Street West Haven, CT.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,457 square feet of living space in a two‑family duplex; Each unit offers 3 bedrooms, 1 full bath, hardwood floors, and tiled kitchens; Full shared basement with separate heating systems, laundry hookups, and storage
