Two-Family Duplex with
For Sale
$380,000
78 Adeline St, New Haven, CT 06519
Fully occupied residential income property with separate tenant-paid utilities and rear access.
Property Size936 SF
Price / SF$405.98
Days on Market56
Property Features for 78 Adeline St
General Information
Standard status
Active
Size
936 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Oxford Realty
Listed By:
Amanda R. Faroni-Sheehan (203) 314-4219 (203) 314-4219 · License #REB.0793328
(203) 314-4219
Source:
Fairfieldcounty-properties
Added: Aug 22
Changed: Oct 3
Last Checked: Oct 14 at 11:38PM
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 Oxford Realty
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Investment Insights
Based on property information with market context.
This two-family duplex is fully occupied and includes separate utilities paid by the tenants. The property features functional layouts within a traditional multifamily configuration, along with a private driveway serving additional off-street parking at the rear. Built in 1900, it offers an established residential income asset in New Haven.
The property is located on Adeline Street near Ella T. Grasso Boulevard, with access to Downtown New Haven, Yale New Haven Hospital, commuter routes, shopping, dining, and public transportation. The duplex may also be acquired with the neighboring four-family property and lot at 86-90 Adeline Street for a larger multi-property purchase.
The property is located on Adeline Street near Ella T. Grasso Boulevard, with access to Downtown New Haven, Yale New Haven Hospital, commuter routes, shopping, dining, and public transportation. The duplex may also be acquired with the neighboring four-family property and lot at 86-90 Adeline Street for a larger multi-property purchase.
Key Highlights
- Fully occupied two‑family duplex
- Separate utilities paid by tenants
- Private driveway with additional rear off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,755
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,100
$315.1K
Cap Rate 7%
$225,071
$225.1K
Cap Rate 9%
$175,056
$175.1K
Market Conditions
NOI Build-Up for 936 SF
Gross rent
$24.1K $25.80/SF
− Vacancy
−$1.6K −$1.75/SF
EGI
$22.5K $24.05/SF
− OpEx
−$6.8K −$7.21/SF
NOI
$15.8K $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%
$315,100
Cap Rate 7%
$225,071
Cap Rate 9%
$175,056
Alternative Uses
Best Use
Multifamily LT 5
$225.1K
$196.9K – $262.6K
NOI $15,755 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$209.4K
$183.3K – $244.3K
NOI $14,660 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$301.1K
$263.5K – $351.3K
NOI $21,076 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,123
Businesses Nearby
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Business Placement
Demographics for 06519, CT
15,450
Population
6,424
Households
2.4
Avg Household Size
33
Median Age
20%
College-Educated
77%
High-School Grad
1.8 sq mi
ZIP Area
8,583
Density / Sq Mi
$44,394
Median Household Income
$29,745
Median Earnings
$1,356
Median Rent
$247,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied residential income property with separate tenant-paid utilities and rear access.
Where is this duplex located?
The property is located at 78 Adeline St New Haven, CT.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Fully occupied two‑family duplex; Separate utilities paid by tenants; Private driveway with additional rear off‑street parking
