Duplex with Two Three-Bedroom
New
For Sale
$450,000
77 Yates, West Haven, CT 06516
Both residences are occupied under month-to-month arrangements, with separate layouts and bathroom counts.
Property Size1,960 SF
Price / SF$196.68
Days on Market3
Property Features for 77 Yates
General Information
Standard status
Active
Size
1,960 SF
Property subtype
2 Family
Occupancy
100%
Lease Term
Listing ID: 24213363, Standard Status: Coming Soon, MLS Status: Coming Soon, Property Subtype: 2 Family
Property Condition
Severity
Repairs Needed
Evidence
in need of updating and improvements
Units
Unit Mix
3BR/2BA, 3BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Building Size
1,960 SF
Year Built
1960
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(203) 452-3700
Listed By:
Cal Massaro · License #RES.0772355
(203) 526-4861
Source:
Iverty
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 9:28PM
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.
Built in 1960, this R2-zoned duplex contains two three-bedroom residences. The first-floor unit has two bathrooms, including one in the lower level, as well as lower-level laundry. The second-floor unit includes one full bathroom. Both units are tenant-occupied on month-to-month terms, and the property is being sold as-is. Updating and improvements are needed; appliances belong to the tenants.
The property is in West Haven’s Allingtown section, near the University of New Haven, shopping, restaurants, and major highways.
The property is in West Haven’s Allingtown section, near the University of New Haven, shopping, restaurants, and major highways.
Key Highlights
- Two three‑bedroom units: the first‑floor residence has 2 bathrooms; the second‑floor unit has 1 full bathroom
- Both units are occupied on month‑to‑month terms
- R2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,511
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,220
$770.2K
Cap Rate 7%
$550,157
$550.2K
Cap Rate 9%
$427,900
$427.9K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$59.0K $25.80/SF
− Vacancy
−$4.0K −$1.75/SF
EGI
$55.0K $24.05/SF
− OpEx
−$16.5K −$7.21/SF
NOI
$38.5K $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%
$770,220
Cap Rate 7%
$550,157
Cap Rate 9%
$427,900
Alternative Uses
Best Use
Multifamily LT 5
$550.2K
$481.4K – $641.9K
NOI $38,511 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$511.9K
$448.0K – $597.3K
NOI $35,836 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$736.0K
$644.0K – $858.7K
NOI $51,520 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
176
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied under month-to-month arrangements, with separate layouts and bathroom counts.
Where is this duplex located?
The property is located at 77 Yates West Haven, CT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two three‑bedroom units: the first‑floor residence has 2 bathrooms; the second‑floor unit has 1 full bathroom; Both units are occupied on month‑to‑month terms; R2 zoning
