Duplex with Central
For Sale
$630,000
Pending
78 Highland, East Haven, CT 06512
Each residence has gas forced-air heat and central air conditioning, with public water and sewer serving the property.
Property Size1,900 SF
Lot Size0.39 Acres
Days on Market52
Property Features for 78 Highland
General Information
Standard status
Pending
Size
1,900 SF
Lot size
0.39 Acres
Property subtype
2 Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Amenities
central air
basement space
fireplace
deck/patio area
Building Details
Year Built
1954
Buildings
1
Listing Agency:
mygoodagent
(888) 257-8265
Listed By:
Christian Flores · License #RES.0814497
(203) 449-7296
Source:
Ybrealty
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 6 at 1:38AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family property includes a two-story addition, basement space, and a deck or patio area. Both units have gas forced-air heating and central air conditioning. Improvements also include updated electrical service, a replacement roof, and interior drywall and insulation work. The exterior combines vinyl and brick, and a fireplace is present.
Set on approximately 0.39 acres, the property is served by public water and sewer. It was built in 1954 and converted from a single-family residence to a two-family home.
Set on approximately 0.39 acres, the property is served by public water and sewer. It was built in 1954 and converted from a single-family residence to a two-family home.
Key Highlights
- Approximately 0.39 acres
- Two‑family residence created through conversion from a single‑family home
- Gas forced‑air heat and central air conditioning in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,981
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,620
$639.6K
Cap Rate 7%
$456,871
$456.9K
Cap Rate 9%
$355,344
$355.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$49.0K $25.80/SF
− Vacancy
−$3.3K −$1.75/SF
EGI
$45.7K $24.05/SF
− OpEx
−$13.7K −$7.21/SF
NOI
$32.0K $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%
$639,620
Cap Rate 7%
$456,871
Cap Rate 9%
$355,344
Alternative Uses
Best Use
Multifamily LT 5
$456.9K
$399.8K – $533.0K
NOI $31,981 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$425.1K
$372.0K – $496.0K
NOI $29,759 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$611.2K
$534.8K – $713.1K
NOI $42,783 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,579
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
$265,200
Median Home Value
Market
Average Price Trend$/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 - Each residence has gas forced-air heat and central air conditioning, with public water and sewer serving the property.
Where is this duplex located?
The property is located at 78 Highland 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 0.39 acres; Two‑family residence created through conversion from a single‑family home; Gas forced‑air heat and central air conditioning in each unit
