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Rebuilt Three-Family Investment

84 Lawrence Street New Haven, CT 06511

New
84 Lawrence Street, New Haven, CT, 06511
$995,000
For Sale
$995,000

MULTI_FAMILY - New Haven, CT

Property Size3,021 SF
Lot Size0.08 Acres
Price / SF$329.36
Days on Market3

Property Features for 84 Lawrence Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
6
Bathrooms
3
Rooms
Bathroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Basement, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1
Parking
1
Basement
Partial, Unfinished
Standard status
Active
Size
3,021 SF
Lot size
0.08 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
14557

Utilities

Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public

Building Details

Year built
1900
Architectural style
Other
Listing Agency Real Broker CT, LLC
100 Pearl Street, 14th Floor, Hartford, CT
Listed by Jennifer D'Amato
Added: Jul 16 Checked: Jul 18 at 8:06 am
MLS# 24190626 Listing URL

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This three-family residence has been completely rebuilt within the last six years. Improvements include a new roof and siding, new windows, and updated electrical, plumbing, floors, kitchens, and baths throughout. Each of the spacious two-bedroom units offers private laundry and its own high-efficiency gas heat and cooling system, designed to avoid shared mechanicals.

Gross rents total $7,950 per month, with long-term tenants already in place. Tenants pay all utilities other than water and sewer.

The property includes a shared yard and off-street parking, with one space currently available and room to expand. It is situated on a quiet, tree-lined side street in East Rock, directly across from the Yale shuttle line and minutes to East Rock’s cafes, markets, and parks. Zoning is RM2.

Key Highlights

  • East Rock 3‑family completely rebuilt within the last 6 years, including new roof, siding, windows, electrical, plumbing, floors, kitchens, and baths.
  • Two‑bedroom units with private in‑unit laundry and high‑efficiency gas heat and cooling in each unit (no shared mechanicals).
  • Current long‑term tenants in place with gross rents of $7,950/month ($95,400/year).

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 (±1% cap)
NOI $50,849 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$676.0K
$591.5K – $788.6K (±1% cap)
NOI $47,317 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$971.8K
$850.3K – $1.13M (±1% cap)
NOI $68,025 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

(Bike/Boat/Book/etc) Store Computer & Electronic Repair Florist (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Store (Bike/Boat/Book/etc) Store Pet Store & Service (Bike/Boat/Book/etc) Store Butcher

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three-family property rebuilt within six years featuring private in-unit laundry and separate high-efficiency gas heating 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 completely rebuilt within the last 6 years, including new roof, siding, windows, electrical, plumbing, floors, kitchens, and baths.; Two‑bedroom units with private in‑unit laundry and high‑efficiency gas heat and cooling in each unit (no shared mechanicals).; Current long‑term tenants in place with gross rents of $7,950/month ($95,400/year).
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