Two-Unit Duplex with Detached
For Sale
$538,000
122 Clifford, Hamden, CT 06517
Separate heating and hot water systems serve each residence, with off-street parking and a detached garage on site.
Property Size2,534 SF
Price / SF$212.31
Days on Market9
Property Features for 122 Clifford
General Information
Standard status
Active
Size
2,534 SF
Property subtype
2 Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
covered front porch
enclosed porch
stone and brick patio
partially fenced backyard
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Houlihan Lawrence WD
(203) 701-4848
Listed By:
Frank D'Ostilio · License #REB.0789479
(203) 641-7072
Source:
Lockandkeyre
Added: Oct 17
Changed: Oct 24
Last Checked: Oct 24 at 1:30PM
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
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Investment Insights
Based on property information with market context.
This 1925 duplex contains two residences across 2,534 square feet. Each unit has its own kitchen and bathroom, with separate heating and hot water systems. Hardwood floors, a brick fireplace, and natural light are among the interior features. Kitchens and bathrooms received partial updates around 2012–2013, and the interior has been painted recently.
Outdoor features include a covered front porch, an enclosed porch, a stone and brick patio, and a partly fenced backyard. A detached garage and off-street parking provide additional on-site facilities. The roof was replaced in 2014, while windows and heating were updated in 2012.
Outdoor features include a covered front porch, an enclosed porch, a stone and brick patio, and a partly fenced backyard. A detached garage and off-street parking provide additional on-site facilities. The roof was replaced in 2014, while windows and heating were updated in 2012.
Key Highlights
- Two‑unit duplex built in 1925
- 2,534 square feet
- Separate heating and hot water for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,652
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,040
$853.0K
Cap Rate 7%
$609,314
$609.3K
Cap Rate 9%
$473,911
$473.9K
Market Conditions
NOI Build-Up for 2,534 SF
Gross rent
$65.4K $25.80/SF
− Vacancy
−$4.4K −$1.75/SF
EGI
$60.9K $24.05/SF
− OpEx
−$18.3K −$7.21/SF
NOI
$42.7K $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%
$853,040
Cap Rate 7%
$609,314
Cap Rate 9%
$473,911
Alternative Uses
Best Use
Multifamily LT 5
$609.3K
$533.2K – $710.9K
NOI $42,652 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$567.0K
$496.1K – $661.5K
NOI $39,689 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$815.1K
$713.2K – $951.0K
NOI $57,059 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
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Business Placement
Demographics for 06517, CT
14,954
Population
6,875
Households
2.2
Avg Household Size
45
Median Age
52%
College-Educated
96%
High-School Grad
5.0 sq mi
ZIP Area
2,991
Density / Sq Mi
$97,154
Median Household Income
$58,025
Median Earnings
$1,351
Median Rent
$313,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate heating and hot water systems serve each residence, with off-street parking and a detached garage on site.
Where is this duplex located?
The property is located at 122 Clifford Hamden, CT.
What is the asking price?
The asking price for this property is $538,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1925; 2,534 square feet; Separate heating and hot water for each unit
