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    116 Hinman St West Haven, CT 06516

    For Sale
    $1,200,000

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

    Lot size:
    0.14 Acres

    Property Features for 116 Hinman St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1910

    Source: Weichert REALTORS Briotti Group Agent Theresa Gorman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Rented Six-Unit Building

    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.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9582699
    Latitude
    41.2986397

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    FAQs

    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 St West Haven, CT.
    What is the asking price?
    The asking price for this property is $1,200,000.
    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.
    (203) 910-5517
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    116 Hinman St West Haven, CT 06516
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Hinman St West Haven, CT 06516
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