Two-Unit Duplex with Central
78 Highland Avenue, East Haven, CT 06512
For Sale
$630,000
Pending
Improved two-family residence with public water and sewer serving each unit.
Property Size3,559 SF
Lot Size0.39 Acres
Days on Market55
Property Features for 78 Highland Avenue
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Utilities to Site
Multifamily Units
Amenities
basement
fireplace
deck/patio area
Building Details
Year Built
Buildings
Listing Agency:
mygoodagent
Listed By:
Christian Flores · License #840333
(203) 449-7296
Source:
Lowerhudsonvalleyproperties
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 6 at 6:02AM
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 duplex includes approximately 3,559 square feet of heated and cooled living space across two residential units on approximately 0.39 acres. Improvements include conversion from a single-family residence, a two-story addition, updated electrical service, a new roof, interior drywall and insulation work, and a change from oil heating to gas forced-air systems. Each unit has central air conditioning, while additional features include basement space, a fireplace, a deck or patio area, and a vinyl and brick exterior.
The property is served by public water and sewer and was built in 1954. Its two-unit configuration supports owner-occupied use, rental occupancy, or multigenerational living, subject to applicable requirements.
The property is served by public water and sewer and was built in 1954. Its two-unit configuration supports owner-occupied use, rental occupancy, or multigenerational living, subject to applicable requirements.
Key Highlights
- Approximately 3,559‑square‑foot two‑family residence
- Approximately 0.39‑acre parcel
- 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
141
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
$265,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Improved two-family residence with public water and sewer serving each unit.
Where is this duplex located?
The property is located at 78 Highland Avenue 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: Approximately 3,559‑square‑foot two‑family residence; Approximately 0.39‑acre parcel; Gas forced‑air heating and central air conditioning for each unit
