Duplex with Four-Car
79 Lyon St, New Haven, CT 06511
For Sale
New
$775,000
Both residences have three bedrooms, and a finished attic provides additional flexible space.
Property Size2,334 SF
Days on Market1
Property Features for 79 Lyon St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listed By:
Nadia Martinez · License CT REB.0794174
(203) 887-5107
Source:
Elliman
Added: Nov 10
Last Checked: Nov 10 at 2:12PM
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 Nadia Martinez
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Investment Insights
Based on property information with market context.
This two-unit duplex, built in 1844, has three bedrooms in each residence. Interior details include hardwood flooring, a decorative fireplace, and woodwork. A finished attic offers additional flexible space, while the four-car garage provides vehicle and storage capacity.
The property is at 79 Lyon Street in New Haven’s Wooster Square neighborhood, near downtown, Yale, restaurants, shops, parks, and major commuter routes. WalkScore is 89, BikeScore is 87, and TransitScore is 44.
The property is at 79 Lyon Street in New Haven’s Wooster Square neighborhood, near downtown, Yale, restaurants, shops, parks, and major commuter routes. WalkScore is 89, BikeScore is 87, and TransitScore is 44.
Key Highlights
- Two residences, each with three bedrooms
- Four‑car garage
- Finished attic with flexible‑use space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,286
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,720
$785.7K
Cap Rate 7%
$561,229
$561.2K
Cap Rate 9%
$436,511
$436.5K
Market Conditions
NOI Build-Up for 2,334 SF
Gross rent
$60.2K $25.80/SF
− Vacancy
−$4.1K −$1.75/SF
EGI
$56.1K $24.05/SF
− OpEx
−$16.8K −$7.21/SF
NOI
$39.3K $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%
$785,720
Cap Rate 7%
$561,229
Cap Rate 9%
$436,511
Alternative Uses
Best Use
Multifamily LT 5
$561.2K
$491.1K – $654.8K
NOI $39,286 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$750.8K
$656.9K – $875.9K
NOI $52,555 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,842
Businesses Nearby
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Business Placement
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Haven, CT
Properties on Market for Duplexes in New Haven
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, and a finished attic provides additional flexible space.
Where is this duplex located?
The property is located at 79 Lyon St New Haven, CT.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two residences, each with three bedrooms; Four‑car garage; Finished attic with flexible‑use space
