14-Unit Apartment
New
For Sale
$1,895,000
80 High, East Haven, CT 06512
Shared basement laundry, storage, and separately metered electric service support the apartment configuration.
Property Size8,352 SF
Lot Size0.43 Acres
Price / SF$226.89
Days on Market4
Property Features for 80 High
General Information
Standard status
Active
Size
8,352 SF
Total Parking Spaces
18
Lot size
0.43 Acres
Property subtype
5 Family+
Units
Unit Mix
12 x 1BR, 2 x 2BR
Multifamily Units
14
Individually Metered Utilities
electricity
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Amenities
coin-op laundry
storage units
Building Details
Year Built
1967
Buildings
1
Listing Agency:
Seabury Hill REALTORS
(203) 562-1220
Listed By:
John Hill · License #REB.0795121
(203) 675-3942
Source:
Lockandkeyre
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:19PM
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 Seabury Hill REALTORS
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Investment Insights
Based on property information with market context.
The 8,352-square-foot apartment building contains 14 residences: 12 one-bedroom units and two two-bedroom units. Shared basement space includes coin-operated laundry and storage. Electrical service has been updated, and the building has replacement windows. Kitchens and bathrooms are older, and each apartment has separate electric metering for heat, hot water, and electricity.
The property occupies a 0.43-acre site near East Haven’s town center, with highway access and a short drive to Downtown New Haven. Rear parking accommodates approximately 18 cars. The building was constructed in 1967.
The property occupies a 0.43-acre site near East Haven’s town center, with highway access and a short drive to Downtown New Haven. Rear parking accommodates approximately 18 cars. The building was constructed in 1967.
Key Highlights
- 14 apartments: 12 one‑bedroom units and 2 two‑bedroom units
- 8,352‑square‑foot building on a 0.43‑acre lot
- Rear parking for ~18 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,815
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,616,300
$2.6M
Cap Rate 7%
$1,868,786
$1.9M
Cap Rate 9%
$1,453,500
$1.5M
Market Conditions
NOI Build-Up for 8,352 SF
Gross rent
$253.6K $30.36/SF
− Vacancy
−$15.7K −$1.88/SF
EGI
$237.8K $28.48/SF
− OpEx
−$107.0K −$12.81/SF
NOI
$130.8K $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%
$2,616,300
Cap Rate 7%
$1,868,786
Cap Rate 9%
$1,453,500
Alternative Uses
Best Use
Apartment 5plus
$1.87M
$1.64M – $2.18M
NOI $130,815 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.35M – $3.13M
NOI $188,064 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
14
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
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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
$265,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in New Haven County, CT
Properties on Market for Apartment buildings in New Haven County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Shared basement laundry, storage, and separately metered electric service support the apartment configuration.
Where is this apartment building located?
The property is located at 80 High East Haven, CT.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 14 apartments: 12 one‑bedroom units and 2 two‑bedroom units; 8,352‑square‑foot building on a 0.43‑acre lot; Rear parking for ~18 cars
