Updated Four-Unit
For Sale
$1,200,000
Pending
341 , New Haven, CT 06511
Furnished units combine modern updates with exposed brick and preserved architectural character.
Property Size2,396 SF
Days on Market56
Property Features for 341
General Information
Standard status
Pending
Size
2,396 SF
Property subtype
4 Family
Additional Details
Furnished
Yes
Public Transit
Yes
Multifamily Units
4
Building Details
Year Built
1850
Listing Agency:
KD Realty
(929) 210-5332
Listed By:
Andrew Roach · License #RES.0831983
(203) 444-9636
Source:
Lockandkeyre
Added: Aug 11
Changed: Oct 4
Last Checked: Oct 4 at 10:44AM
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 KD Realty
Investment Insights
Based on property information with market context.
Built in 1850, this four-unit quadplex has been renovated with a blend of updated interiors and retained architectural character. Exposed brick and other original details remain, while all four units are furnished. Select units have been used for Airbnb rentals, providing an existing short-term rental history alongside the option to pursue traditional leasing or a mixed rental strategy.
The property is located at 341 Saint John St in New Haven, near Wooster Square and Yale University. Downtown amenities, dining, cafes, and parks are also nearby. Walk Score is 92, BikeScore is 98, and TransitScore is 76, reflecting strong access to surrounding destinations by foot, bicycle, and public transportation.
The property is located at 341 Saint John St in New Haven, near Wooster Square and Yale University. Downtown amenities, dining, cafes, and parks are also nearby. Walk Score is 92, BikeScore is 98, and TransitScore is 76, reflecting strong access to surrounding destinations by foot, bicycle, and public transportation.
Key Highlights
- Four‑unit quadplex built in 1850
- All four units are fully furnished
- Renovated interiors retain exposed brick and original architectural details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,329
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,580
$806.6K
Cap Rate 7%
$576,129
$576.1K
Cap Rate 9%
$448,100
$448.1K
Market Conditions
NOI Build-Up for 2,396 SF
Gross rent
$61.8K $25.80/SF
− Vacancy
−$4.2K −$1.75/SF
EGI
$57.6K $24.05/SF
− OpEx
−$17.3K −$7.21/SF
NOI
$40.3K $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%
$806,580
Cap Rate 7%
$576,129
Cap Rate 9%
$448,100
Alternative Uses
Best Use
Multifamily LT 5
$576.1K
$504.1K – $672.2K
NOI $40,329 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$536.1K
$469.1K – $625.5K
NOI $37,528 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$770.7K
$674.4K – $899.2K
NOI $53,951 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,303
Businesses Nearby
Explore this area
Business Placement
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Furnished units combine modern updates with exposed brick and preserved architectural character.
Where is this quadplex located?
The property is located at 341 New Haven, CT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 1850; All four units are fully furnished; Renovated interiors retain exposed brick and original architectural details
