8-Bedroom
For Sale
$589,000
New Haven, CT 06515, New Haven, CT 06515
Multi-Family For Sale, Units on different Floors, New Haven, CT
Property Size3,422 SF
Lot Size0.11 Acres
Price / SF$172.12
Days on Market165
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 7, Bathroom 3, Bedroom 8, Bedroom 3, Basement, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 1
Parking
4
Basement
Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Subdivision
Westville
Standard status
Active
Size
3,422 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
7631
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Other (Heating)
Water source
Public
Building Details
Year built
1915
Architectural style
Other
Listing Agency:
Real Broker CT, LLC
(855) 450-0442
Listed By:
Xiaoming Li
(917) 623-6536
Added: Apr 30
Changed: Oct 8
Last Checked: Oct 11 at 9:06AM
MLS# 24171537
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3-unit residential property contains 3,422 square feet, with 8 bedrooms and 3 bathrooms across the building. Constructed in 1915, it sits on a 0.11-acre lot and is zoned RM2. Public water and sewer service the property.
The three-unit configuration is suited to residential rental use, and the source information also identifies owner occupancy as an option. The property is in New Haven, Connecticut.
The three-unit configuration is suited to residential rental use, and the source information also identifies owner occupancy as an option. The property is in New Haven, Connecticut.
Key Highlights
- Three units with 8 bedrooms and 3 bathrooms
- 3,422 square feet of building area
- 0.11‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,598
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,960
$1.1M
Cap Rate 7%
$765,686
$765.7K
Cap Rate 9%
$595,533
$595.5K
Market Conditions
NOI Build-Up for 3,422 SF
Gross rent
$103.9K $30.36/SF
− Vacancy
−$6.4K −$1.88/SF
EGI
$97.5K $28.48/SF
− OpEx
−$43.9K −$12.81/SF
NOI
$53.6K $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%
$1,071,960
Cap Rate 7%
$765,686
Cap Rate 9%
$595,533
Alternative Uses
Best Use
Multifamily LT 5
$822.8K
$720.0K – $960.0K
NOI $57,599 @ 7.0% cap · market cap 9.78%
Second Best
Apartment 5plus
$765.7K
$670.0K – $893.3K
NOI $53,598 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$1.10M
$963.2K – $1.28M
NOI $77,054 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Explore this area
Business Placement
Demographics for 06515, CT
17,877
Population
7,531
Households
2.4
Avg Household Size
33
Median Age
48%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
3,886
Density / Sq Mi
$74,044
Median Household Income
$40,209
Median Earnings
$1,410
Median Rent
$284,200
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - RM2 zoning and public water and sewer serve this New Haven property.
Where is this triplex located?
The property is located at New Haven, CT.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Three units with 8 bedrooms and 3 bathrooms; 3,422 square feet of building area; 0.11‑acre lot
