Duplex with Solar
For Sale
$525,000
Pending
74 , New Haven, CT 06511
RM2-zoned two-family property with a full basement, newer roof, and updated mechanical systems.
Property Size3,016 SF
Days on Market113
Property Features for 74
General Information
Standard status
Pending
Size
3,016 SF
Property subtype
2 Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 9BR/3BA
Multifamily Units
2
Amenities
solar panels
full basement
Building Details
Year Built
1920
Listing Agency:
Berkshire Hathaway NE Prop.
(203) 877-2704
Listed By:
Kicha Coble · License #RES.0814268
(203) 895-7497
Source:
Lockandkeyre
Added: Jun 15
Changed: Oct 4
Last Checked: Oct 4 at 9:57AM
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 Berkshire Hathaway NE Prop.
Investment Insights
Based on property information with market context.
Built in 1920, this RM2-zoned duplex contains two residential living arrangements. The first floor includes 3 bedrooms and 1 bath, while the second- and third-floor combination provides 9 bedrooms and 3 full baths. A full basement adds storage space and may offer future finishing possibilities. Solar panels are installed, and the property has a newer roof and mechanical systems.
The property is located at 74 Starr Street in New Haven, with access to universities, hospitals, shopping, restaurants, public transportation, and major highways. It was previously used as a rooming house and is being sold as-is.
The property is located at 74 Starr Street in New Haven, with access to universities, hospitals, shopping, restaurants, public transportation, and major highways. It was previously used as a rooming house and is being sold as-is.
Key Highlights
- Two‑family duplex with 3 bedrooms and 1 bath on the first floor
- Second- and third‑floor combination includes 9 bedrooms and 3 full baths
- Full basement for storage with potential finishing possibilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,239
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,780
$944.8K
Cap Rate 7%
$674,843
$674.8K
Cap Rate 9%
$524,878
$524.9K
Market Conditions
NOI Build-Up for 3,016 SF
Gross rent
$91.6K $30.36/SF
− Vacancy
−$5.7K −$1.88/SF
EGI
$85.9K $28.48/SF
− OpEx
−$38.6K −$12.81/SF
NOI
$47.2K $15.66/SF
Area
New Haven, CT
Vacancy
6.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,780
Cap Rate 7%
$674,843
Cap Rate 9%
$524,878
Alternative Uses
Best Use
Multifamily LT 5
$725.2K
$634.6K – $846.1K
NOI $50,765 @ 7.0% cap · market cap 9.67%
Second Best
Apartment 5plus
$674.8K
$590.5K – $787.3K
NOI $47,239 @ 7.0% cap · market cap 9.00%
Theoretical Best
Office A
$970.2K
$848.9K – $1.13M
NOI $67,912 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
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?
Duplex - RM2-zoned two-family property with a full basement, newer roof, and updated mechanical systems.
Where is this duplex located?
The property is located at 74 New Haven, CT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑family duplex with 3 bedrooms and 1 bath on the first floor; Second- and third‑floor combination includes 9 bedrooms and 3 full baths; Full basement for storage with potential finishing possibilities
