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Fully Rented Six-Unit Building
For Sale
$925,000

116 Hinman Street, West Haven, CT 06516

Six-unit building with renovated apartments and off-street parking.

Property SizeContact for details
Days on Market294

Property Features for 116 Hinman Street

General Information

Standard status Active
Property subtype Multi Family
Zoning R3

Building Details

Year Built 1910
Listing Agency: Lamacchia Realty
Listed By: Theresa Gorman
Source: Capmarkrealty
Added: Nov 28, 2025 Changed: Sep 14 Last Checked: Sep 18 at 4:14AM

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 Lamacchia Realty

Investment Insights

Based on property information with market context.

This is a fully rented six-unit building featuring large one-bedroom apartments, each with an eat-in kitchen. The bathrooms and kitchens have been recently renovated. The units have hardwood floors and newer windows. The building is equipped with energy-efficient natural gas heating, which is only two years old. The electric has been updated and includes separate gas and electric meters. A half bath and washer/dryer hook-up are located in the basement. Off-street parking is available for eight cars. Heat and hot water are included in the rent. The property is conveniently located near shopping.

Key Highlights

  • Fully rented 6‑unit building provides immediate income.
  • Recently renovated bathrooms and kitchens enhance appeal and reduce maintenance.
  • Energy‑efficient natural gas heating system (only 2 years old) lowers operating costs.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Bakery Spa & Massage Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

474
Businesses Nearby

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
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit building with renovated apartments and off-street parking.
Where is this apartment building located?
The property is located at 116 Hinman Street West Haven, CT.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Fully rented 6‑unit building provides immediate income.; Recently renovated bathrooms and kitchens enhance appeal and reduce maintenance.; Energy‑efficient natural gas heating system (only 2 years old) lowers operating costs.
More about this property
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