Two-Unit Colonial
For Sale
$399,000
977 Townsend, New Haven, CT 06512
Separate entrances and laundry serve the two residential units, with a garage and additional off-street parking.
Property Size1,626 SF
Price / SF$245.39
Days on Market11
Property Features for 977 Townsend
General Information
Standard status
Active
Size
1,626 SF
Property subtype
2 Family
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1920
Buildings
1
Construction
colonial
Listing Agency:
RE/MAX Coast and Country
(860) 536-7600
Listed By:
Sean Seigel · License #RES.0810564
(401) 207-5367
Source:
Lockandkeyre
Added: Oct 1
Changed: Oct 10
Last Checked: Oct 11 at 7:31AM
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 RE/MAX Coast and Country
Investment Insights
Based on property information with market context.
This 1,626-square-foot colonial duplex contains two units, each with a separate entrance and laundry. The first-floor unit has one bedroom; its full bathroom and laundry are in the basement, where additional space may be finished. The second-floor unit includes two bedrooms, an updated kitchen, and a bright living room. The kitchens have been updated, and the property was built in 1920. A one-car garage and additional off-street parking are on site.
The property is at 977 Townsend in New Haven, Connecticut, with beaches, parks, shopping, Yale New Haven Hospital, area universities, and major highways cited among nearby destinations.
The property is at 977 Townsend in New Haven, Connecticut, with beaches, parks, shopping, Yale New Haven Hospital, area universities, and major highways cited among nearby destinations.
Key Highlights
- Two‑unit colonial built in 1920
- 1,626 square feet
- First‑floor one‑bedroom unit; second‑floor unit has two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,369
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,380
$547.4K
Cap Rate 7%
$390,986
$391.0K
Cap Rate 9%
$304,100
$304.1K
Market Conditions
NOI Build-Up for 1,626 SF
Gross rent
$42.0K $25.80/SF
− Vacancy
−$2.9K −$1.75/SF
EGI
$39.1K $24.05/SF
− OpEx
−$11.7K −$7.21/SF
NOI
$27.4K $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%
$547,380
Cap Rate 7%
$390,986
Cap Rate 9%
$304,100
Alternative Uses
Best Use
Multifamily LT 5
$391.0K
$342.1K – $456.2K
NOI $27,369 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$363.8K
$318.4K – $424.5K
NOI $25,468 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$523.0K
$457.7K – $610.2K
NOI $36,613 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,684
Businesses Nearby
Explore this area
Business Placement
Demographics for 06512, CT
29,457
Population
12,945
Households
2.3
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
2,779
Density / Sq Mi
$84,034
Median Household Income
$48,981
Median Earnings
$1,464
Median Rent
$265,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and laundry serve the two residential units, with a garage and additional off-street parking.
Where is this duplex located?
The property is located at 977 Townsend New Haven, CT.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit colonial built in 1920; 1,626 square feet; First‑floor one‑bedroom unit; second‑floor unit has two bedrooms
