Three-Family Residential Income
816 Orange Street New Haven, CT 06511
816 Orange Street, New Haven, CT, 06511
$995,000
For Sale
$995,000
Three-family investment property with off-street parking, outdoor space, and separate utilities for easier management.
Property Size4,206 SF
Price / SF$236.57
Days on Market102
Property Features for 816 Orange Street
General Information
- Standard status
- Active
- Size
- 4,206 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1900
Listing agency
Farnam Realty Group
(203) 671-1961
Listed by
Carol Horsford
(203) 671-1961
Source
Lockandkeyre
Added: Apr 13 Updated: Jul 22 at 8:43AM Checked: Jul 22 at 8:43AM
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 Farnam Realty Group
Investment Insights
Based on property information with market context.
816 Orange Street is a three-family residential income property offering an oversized layout with multiple bedrooms and classic architectural character. The home features high ceilings and large windows, with flexible floor plans designed to support a range of rental configurations. Separate utilities are in place, which can help simplify management and reduce friction between units.
The property includes off-street parking and outdoor space. It is located just minutes from downtown, Yale, and neighborhood shops and restaurants, supporting tenant demand for nearby amenities.
With a multi-unit scale and an existing unit mix, this property may appeal to buyers seeking a hands-on approach to management and potential improvements.
The property includes off-street parking and outdoor space. It is located just minutes from downtown, Yale, and neighborhood shops and restaurants, supporting tenant demand for nearby amenities.
With a multi-unit scale and an existing unit mix, this property may appeal to buyers seeking a hands-on approach to management and potential improvements.
Key Highlights
- 1900‑built three‑family property in New Haven
- Off‑street parking and outdoor space
- Separate utilities for easier management
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.5k | $25.80 |
| − Vacancy | −$7.4k | −$1.75 |
| EGI | $101.1k | $24.05 |
| − OpEx | −$30.3k | −$7.21 |
| NOI | $70.8k | $16.83 |
4,206 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$884.9K – $1.18M
NOI $70,795 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$941.1K
$823.5K – $1.10M
NOI $65,877 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,708 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family investment property with off-street parking, outdoor space, and separate utilities for easier management.
Where is this triplex located?
The property is located at 816 Orange Street New Haven, CT.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 1900‑built three‑family property in New Haven; Off‑street parking and outdoor space; Separate utilities for easier management
