Updated Two-Family
78 Highland Ave, East Haven, CT 06512
For Sale
$630,000
Pending
Two-unit residence with separate central air conditioning, public utilities, basement space, and outdoor living areas.
Property Size3,559 SF
Lot Size0.39 Acres
Days on Market61
Property Features for 78 Highland Ave
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Utilities to Site
Multifamily Units
Amenities
central air
basement space
fireplace
deck/patio area
Building Details
Year Built
Buildings
Listing Agency:
mygoodagent
Listed By:
Christian Flores · License #840333
(203) 449-7296
Source:
Centralconnecticuthomefinder
Added: Sep 10
Changed: Nov 7
Last Checked: Nov 8 at 6:58AM
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 mygoodagent
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Investment Insights
Based on property information with market context.
This two-family duplex at 78 Highland Ave provides approximately 3,559 square feet of heated and cooled living space across two residential units. The property occupies approximately 0.39 acres and includes basement space, a fireplace, deck or patio area, and a vinyl and brick exterior. Each unit is served by gas forced-air heating and central air conditioning.
Improvements include conversion from a single-family residence to a two-family home, a two-story addition, updated electrical service, a new roof, and interior drywall and insulation work. Public water and sewer serve the property. Built in 1954, the residence supports owner-occupant use, two-unit rental operation, or multigenerational living as described in the property information.
Improvements include conversion from a single-family residence to a two-family home, a two-story addition, updated electrical service, a new roof, and interior drywall and insulation work. Public water and sewer serve the property. Built in 1954, the residence supports owner-occupant use, two-unit rental operation, or multigenerational living as described in the property information.
Key Highlights
- Two‑family duplex with approximately 3,559 square feet
- Approximately 0.39 acres
- Gas forced‑air heating and central air conditioning for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,744
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,114,880
$1.1M
Cap Rate 7%
$796,343
$796.3K
Cap Rate 9%
$619,378
$619.4K
Market Conditions
NOI Build-Up for 3,559 SF
Gross rent
$108.1K $30.36/SF
− Vacancy
−$6.7K −$1.88/SF
EGI
$101.4K $28.48/SF
− OpEx
−$45.6K −$12.81/SF
NOI
$55.7K $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%
$1,114,880
Cap Rate 7%
$796,343
Cap Rate 9%
$619,378
Alternative Uses
Best Use
Multifamily LT 5
$855.8K
$748.8K – $998.4K
NOI $59,905 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$796.3K
$696.8K – $929.1K
NOI $55,744 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$1.14M
$1.00M – $1.34M
NOI $80,139 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Explore this area
Business Placement
Demographics for 06512, CT
29,457
Population
12,945
Households
2.3
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
2,779
Density / Sq Mi
$84,034
Median Household Income
$48,981
Median Earnings
$1,464
Median Rent
$265,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in New Haven County, CT
Properties on Market for Duplexes in New Haven County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residence with separate central air conditioning, public utilities, basement space, and outdoor living areas.
Where is this duplex located?
The property is located at 78 Highland Ave East Haven, CT.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Two‑family duplex with approximately 3,559 square feet; Approximately 0.39 acres; Gas forced‑air heating and central air conditioning for each unit
