Rebuilt Three-Family Income
84 Lawrence Street New Haven, CT 06511
New
84 Lawrence Street, New Haven, CT, 06511
$995,000
For Sale
$995,000
Three fully rebuilt 2-bedroom units with in-unit laundry and individual high-efficiency gas heat and cooling systems.
Property Size3,021 SF
Price / SF$329.36
Days on Market7
Property Features for 84 Lawrence Street
General Information
- Standard status
- Active
- Size
- 3,021 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1900
Listing agency
Real Broker CT, LLC
(203) 605-7865
Listed by
Jennifer D'Amato
(203) 605-7865
Source
Lockandkeyre
Added: Jul 16 Updated: Jul 21 at 11:24PM Checked: Jul 22 at 4:53AM
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 Real Broker CT, LLC
Investment Insights
Based on property information with market context.
This East Rock three-family has been completely rebuilt within the last six years, with updates throughout including a new roof, siding, windows, electrical, plumbing, floors, kitchens, and baths. The property features three spacious two-bedroom units, each with private in-unit laundry and its own high-efficiency gas heat and cooling system, with no shared mechanicals.
Gross rents total $7,950 per month. Tenants pay all utilities except water and sewer. The home also offers a shared yard and off-street parking; it currently provides one parking space with room to expand.
Set on a quiet, tree-lined side street, the property is located directly across from the Yale shuttle line and is minutes to East Rock’s cafes, markets, and parks.
Gross rents total $7,950 per month. Tenants pay all utilities except water and sewer. The home also offers a shared yard and off-street parking; it currently provides one parking space with room to expand.
Set on a quiet, tree-lined side street, the property is located directly across from the Yale shuttle line and is minutes to East Rock’s cafes, markets, and parks.
Key Highlights
- East Rock 3‑family built in 1900 with three fully rebuilt 2‑bedroom units
- Rebuilt within the last 6 years, including new roof, siding, windows, electrical, plumbing, floors, kitchens, and baths
- Each unit has private in‑unit laundry and its own high‑efficiency gas heat and cooling system with no shared mechanicals
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 | $77.9k | $25.80 |
| − Vacancy | −$5.3k | −$1.75 |
| EGI | $72.6k | $24.05 |
| − OpEx | −$21.8k | −$7.21 |
| NOI | $50.8k | $16.83 |
3,021 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$726.4K
$635.6K – $847.5K
NOI $50,849 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$676.0K
$591.5K – $788.6K
NOI $47,317 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$971.8K
$850.3K – $1.13M
NOI $68,025 @ 7.0% cap · market cap 6.84%
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 fully rebuilt 2-bedroom units with in-unit laundry and individual high-efficiency gas heat and cooling systems.
Where is this triplex located?
The property is located at 84 Lawrence 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: East Rock 3‑family built in 1900 with three fully rebuilt 2‑bedroom units; Rebuilt within the last 6 years, including new roof, siding, windows, electrical, plumbing, floors, kitchens, and baths; Each unit has private in‑unit laundry and its own high‑efficiency gas heat and cooling system with no shared mechanicals
