Three-Family Income
88 Main Street West Haven, CT 06516
For Sale
$625,000
Well-maintained three-family home with two 3-bedroom units and one 2-bedroom unit, fully occupied with current monthly rents totaling $6,350.
Property Size2,761 SF
Price / SF$226.37
Days on Market201
Property Features for 88 Main Street
General Information
- Standard status
- Active
- Size
- 2,761 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1930
Listing Agency:
P2P Realty Group LLC
(203) 710-0701
Listed By:
Kate Usovich · License #RES.0815044
(203) 710-0701
Source:
Compass
Added: Jan 4
Changed: Jul 23
Last Checked: Jul 23 at 4:37PM
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 P2P Realty Group LLC
Investment Insights
Based on property information with market context.
Well-maintained three-family property featuring two 3-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. The home has recent updates and offers spacious unit layouts. All units are currently occupied, with a stable rental history and current monthly rents totaling $6,350.
Located on Main Street in West Haven, the property is reported to be just two blocks from the beach, offering a convenient coastal setting.
With three separate residential units in a single well-kept building, the property is well-suited for long-term rental income while also accommodating owner-occupancy.
Located on Main Street in West Haven, the property is reported to be just two blocks from the beach, offering a convenient coastal setting.
With three separate residential units in a single well-kept building, the property is well-suited for long-term rental income while also accommodating owner-occupancy.
Key Highlights
- Well‑maintained 3‑family home built in 1930
- Unit mix: two 3‑bedroom/1‑bath units plus one 2‑bedroom/1‑bath unit
- Fully occupied; current monthly rents total $6,350 ($2,250, $2,300, and $1,800)
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 | $71.2k | $25.80 |
| − Vacancy | −$4.8k | −$1.75 |
| EGI | $66.4k | $24.05 |
| − OpEx | −$19.9k | −$7.21 |
| NOI | $46.5k | $16.83 |
2,761 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$663.9K
$580.9K – $774.6K
NOI $46,473 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$617.8K
$540.6K – $720.8K
NOI $43,245 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$888.1K
$777.1K – $1.04M
NOI $62,170 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained three-family home with two 3-bedroom units and one 2-bedroom unit, fully occupied with current monthly rents totaling $6,350.
Where is this triplex located?
The property is located at 88 Main Street West Haven, CT.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Well‑maintained 3‑family home built in 1930; Unit mix: two 3‑bedroom/1‑bath units plus one 2‑bedroom/1‑bath unit; Fully occupied; current monthly rents total $6,350 ($2,250, $2,300, and $1,800)
