Two-Family Duplex with Detached
For Sale
$479,900
323 , New Haven, CT 06511
Separate laundry hookups, a fenced yard, and updated kitchens add practical features for residential use.
Property Size2,268 SF
Price / SF$211.60
Days on Market12
Property Features for 323
General Information
Standard status
Active
Size
2,268 SF
Property subtype
2 Family
Units
Unit Mix
2BR/1BA, 4BR/2BA
Multifamily Units
2
Amenities
laundry hookups
fenced-in yard
Building Details
Year Built
1900
Listing Agency:
RE/MAX Right Choice
(203) 268-1118
Listed By:
Kathy Chiluisa · License #RES.0766589
(203) 395-0715
Source:
Lockandkeyre
Added: Sep 24
Changed: Oct 4
Last Checked: Oct 4 at 10:36AM
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 Right Choice
Investment Insights
Based on property information with market context.
This 2,268-square-foot duplex contains two units. The first-floor residence has two bedrooms, a living room, an eat-in kitchen, and a full bathroom. The upper residence spans the second and third floors, with four bedrooms and two full bathrooms. Kitchen cabinets and appliances have been updated, and the roof is newer. The property was built in 1900.
Basement laundry hookups, a fenced yard, and a detached garage round out the property’s physical features.
Basement laundry hookups, a fenced yard, and a detached garage round out the property’s physical features.
Key Highlights
- Two‑family property with a 2‑bedroom first‑floor unit and a 4‑bedroom upper unit
- Upper unit spans the second and third floors and includes two full bathrooms
- 2,268 square feet; built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,175
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,500
$763.5K
Cap Rate 7%
$545,357
$545.4K
Cap Rate 9%
$424,167
$424.2K
Market Conditions
NOI Build-Up for 2,268 SF
Gross rent
$58.5K $25.80/SF
− Vacancy
−$4.0K −$1.75/SF
EGI
$54.5K $24.05/SF
− OpEx
−$16.4K −$7.21/SF
NOI
$38.2K $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%
$763,500
Cap Rate 7%
$545,357
Cap Rate 9%
$424,167
Alternative Uses
Best Use
Multifamily LT 5
$545.4K
$477.2K – $636.3K
NOI $38,175 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$507.5K
$444.0K – $592.1K
NOI $35,523 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$729.6K
$638.4K – $851.2K
NOI $51,069 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
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
Check the figures for this property
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 - Separate laundry hookups, a fenced yard, and updated kitchens add practical features for residential use.
Where is this duplex located?
The property is located at 323 New Haven, CT.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Two‑family property with a 2‑bedroom first‑floor unit and a 4‑bedroom upper unit; Upper unit spans the second and third floors and includes two full bathrooms; 2,268 square feet; built in 1900
