Duplex with Off-Street
85 Chapel, New Haven, CT 06513
For Sale
New
$317,500
Recent updates and off-street parking serve the property's two-unit configuration.
Property Size1,900 SF
Price / SF$248.05
Days on Market4
Property Features for 85 Chapel
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
William Raveis Real Estate
(860) 344-1658
Listed By:
Santo Gulino · License #RES.0782992
(860) 655-7004
Source:
Iverty
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:55AM
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 William Raveis Real Estate
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Investment Insights
Based on property information with market context.
This duplex was built in 1900 and has received recent updates. Off-street parking is available at the property.
Key Highlights
- Duplex property built in 1900
- Off‑street parking available
- Recent updates completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,545
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,900
$430.9K
Cap Rate 7%
$307,786
$307.8K
Cap Rate 9%
$239,389
$239.4K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$33.0K $25.80/SF
− Vacancy
−$2.2K −$1.75/SF
EGI
$30.8K $24.05/SF
− OpEx
−$9.2K −$7.21/SF
NOI
$21.5K $16.83/SF
Area
New Haven, CT
Vacancy
6.80%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,900
Cap Rate 7%
$307,786
Cap Rate 9%
$239,389
Alternative Uses
Best Use
Multifamily LT 5
$307.8K
$269.3K – $359.1K
NOI $21,545 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$286.4K
$250.6K – $334.1K
NOI $20,048 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$411.7K
$360.3K – $480.4K
NOI $28,822 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
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Business Placement
Demographics for 06513, CT
38,618
Population
17,006
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
7.2 sq mi
ZIP Area
5,364
Density / Sq Mi
$46,520
Median Household Income
$38,369
Median Earnings
$1,208
Median Rent
$226,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Haven, CT
Properties on Market for Duplexes in New Haven
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Recent updates and off-street parking serve the property's two-unit configuration.
Where is this duplex located?
The property is located at 85 Chapel New Haven, CT.
What is the asking price?
The asking price for this property is $317,500.
What are key features of this property?
This property features: Duplex property built in 1900; Off‑street parking available; Recent updates completed
