Brick Triplex with Four-Car
For Sale
$649,900
Pending
160 , West Haven, CT 06516
Fully occupied three-unit property with separate utilities, basement laundry hookups, and a well-equipped first-floor residence.
Property Size3,802 SF
Days on Market38
Property Features for 160
General Information
Standard status
Pending
Size
3,802 SF
Total Parking Spaces
4
Property subtype
3 Family
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Amenities
wood burning fireplace
laundry hookups
Building Details
Year Built
1920
Stories
3
Construction
brick
Listing Agency:
Houlihan Lawrence WD
(203) 701-4848
Listed By:
Robert Fischer · License #RES.0811337
(203) 494-7324
Source:
Lockandkeyre
Added: Aug 29
Changed: Oct 4
Last Checked: Oct 4 at 10:01AM
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 Houlihan Lawrence WD
Investment Insights
Based on property information with market context.
Built in 1920, this brick triplex contains three two-bedroom, one-bath units and is fully occupied. Each unit has separate utilities. The first-floor residence offers over 1400 SqFt with a large living room featuring hardwood floors and a wood-burning fireplace, plus an office, formal dining room, and kitchen with granite counters, a substantial island, and gas cooktop. Gas heat and gas hot water serve the property, while laundry hookups are located in the basement. A four-car garage provides dedicated vehicle storage.
The property is situated at 160 Elm St in West Haven, near I95, UNH, VA, Yale, and downtown New Haven. WalkScore is 80, BikeScore is 60, and TransitScore is 55.
The property is situated at 160 Elm St in West Haven, near I95, UNH, VA, Yale, and downtown New Haven. WalkScore is 80, BikeScore is 60, and TransitScore is 55.
Key Highlights
- Fully occupied brick triplex with three 2 bedroom, 1 bath units
- Four‑car garage and separate utilities for all units
- First‑floor unit exceeds 1400 SqFt and includes office and formal dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,550
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,000
$1.2M
Cap Rate 7%
$850,714
$850.7K
Cap Rate 9%
$661,667
$661.7K
Market Conditions
NOI Build-Up for 3,802 SF
Gross rent
$115.4K $30.36/SF
− Vacancy
−$7.2K −$1.88/SF
EGI
$108.3K $28.48/SF
− OpEx
−$48.7K −$12.81/SF
NOI
$59.5K $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%
$1,191,000
Cap Rate 7%
$850,714
Cap Rate 9%
$661,667
Alternative Uses
Best Use
Multifamily LT 5
$914.2K
$799.9K – $1.07M
NOI $63,995 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$850.7K
$744.4K – $992.5K
NOI $59,550 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,611 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 06516, CT
55,584
Population
21,884
Households
2.5
Avg Household Size
38
Median Age
29%
College-Educated
88%
High-School Grad
10.8 sq mi
ZIP Area
5,147
Density / Sq Mi
$73,566
Median Household Income
$41,123
Median Earnings
$1,389
Median Rent
$265,200
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?
Triplex - Fully occupied three-unit property with separate utilities, basement laundry hookups, and a well-equipped first-floor residence.
Where is this triplex located?
The property is located at 160 West Haven, CT.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Fully occupied brick triplex with three 2 bedroom, 1 bath units; Four‑car garage and separate utilities for all units; First‑floor unit exceeds 1400 SqFt and includes office and formal dining room
