Mixed-Use Property with
New
For Sale
$650,000
82 Fillmore Street, New Haven, CT 06511
Two residential buildings accompany a rear commercial garage currently occupied by an auto mechanic business.
Property Size3,275 SF
Price / SF$198.47
Days on Market7
Property Features for 82 Fillmore Street
General Information
Standard status
Active
Size
3,275 SF
Property subtype
3 Family
Site & Location
Neighborhood
Fair-Haven
Units
Unit Mix
2 x 2BR/1BA, 1 x 3BR/2.5BA
Multifamily Units
3
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
auto repair
Taxes and HOA fees
Annual Taxes
$11,522
Building Details
Building Size
3,275 SF
Year Built
1920
Buildings
2
Listing Agency:
Mi Casa Realty
Listed By:
Miguel Rodriguez
(203) 687-1471
Source:
Ivisionre
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 26 at 3:01PM
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 Mi Casa Realty
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Investment Insights
Based on property information with market context.
The offering combines a two-family dwelling with a separate commercial garage and an apartment above the garage. The dwelling’s first-floor residence has five rooms, two bedrooms, and one full bathroom; the second-floor residence has four rooms, two bedrooms, and one full bathroom. The apartment over the garage includes six rooms, three bedrooms, two and a half bathrooms, plus deck and patio access. The garage is currently occupied by an auto mechanic business.
The sale includes 82 and 76 Fillmore Street, with 76 Fillmore Street described as a buildable lot. Buyers should confirm buildable use with the municipality. The property is offered in as-is condition and does not qualify for FHA financing. An option to include adjacent 86 Fillmore Street in a larger package is also noted.
The sale includes 82 and 76 Fillmore Street, with 76 Fillmore Street described as a buildable lot. Buyers should confirm buildable use with the municipality. The property is offered in as-is condition and does not qualify for FHA financing. An option to include adjacent 86 Fillmore Street in a larger package is also noted.
Key Highlights
- Two‑family dwelling with a separate commercial garage and apartment above
- First‑floor residence: five rooms, two bedrooms, and one full bathroom
- Second‑floor residence: four rooms, two bedrooms, and one full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,295
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,900
$1.0M
Cap Rate 7%
$732,786
$732.8K
Cap Rate 9%
$569,944
$569.9K
Market Conditions
NOI Build-Up for 3,275 SF
Gross rent
$99.4K $30.36/SF
− Vacancy
−$6.2K −$1.88/SF
EGI
$93.3K $28.48/SF
− OpEx
−$42.0K −$12.81/SF
NOI
$51.3K $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%
$1,025,900
Cap Rate 7%
$732,786
Cap Rate 9%
$569,944
Alternative Uses
Best Use
Apartment 5plus
$732.8K
$641.2K – $854.9K
NOI $51,295 @ 7.0% cap · market cap 7.89%
Second Best
Retail
$675.6K
$591.1K – $788.2K
NOI $47,290 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$1.05M
$921.8K – $1.23M
NOI $73,744 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,318
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential buildings accompany a rear commercial garage currently occupied by an auto mechanic business.
Where is this mixed-use property located?
The property is located at 82 Fillmore Street New Haven, CT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑family dwelling with a separate commercial garage and apartment above; First‑floor residence: five rooms, two bedrooms, and one full bathroom; Second‑floor residence: four rooms, two bedrooms, and one full bathroom
