Two-Unit Duplex with Detached
New
For Sale
$538,000
122 Clifford Street, Hamden, CT 06517
Multi-Family For Sale, Units on different Floors, Hamden, CT
Property Size2,534 SF
Lot Size0.14 Acres
Price / SF$212.31
Days on Market2
Property Features for 122 Clifford Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bedroom 2
Fireplace
1
Basement
Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Hamden
Directions
use GPS
Subdivision
Spring Glen
Standard status
Active
Size
2,534 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
16320
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Amenities
covered front porch
enclosed porch
patio
partially fenced backyard
detached garage
Building Details
Year built
1925
Architectural style
Other
Buildings
1
Listing Agency:
Houlihan Lawrence WD
(203) 701-4848
Listed By:
Frank D'Ostilio
(203) 641-7072
Added: Oct 23
Last Checked: Oct 24 at 2:06PM
MLS# 24215721
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.
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Investment Insights
Based on property information with market context.
This 1925 duplex at 122 Clifford Street in Hamden contains 2,534 square feet on a 0.14-acre lot. The two residences have separate heating and hot-water systems, and the property includes a detached garage and off-street parking. Outdoor features include a covered front porch, an enclosed porch, a stone and brick patio, and a partially fenced backyard. Hardwood flooring and a brick fireplace are also present.
The roof was replaced in 2014; windows and heating were updated in 2012. Kitchens and bathrooms in both residences received partial updates around 2012–2013, and the interior has been painted recently. The property is zoned R4 and has public water and public sewer.
The roof was replaced in 2014; windows and heating were updated in 2012. Kitchens and bathrooms in both residences received partial updates around 2012–2013, and the interior has been painted recently. The property is zoned R4 and has public water and public sewer.
Key Highlights
- 2,534 square feet on a 0.14‑acre lot
- Two residences with separate heating and hot‑water systems
- Detached garage and off‑street parking
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
Explore this area
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 - Each residence has its own heating and hot-water system, with a detached garage and off-street parking on the property.
Where is this duplex located?
The property is located at 122 Clifford Street 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: 2,534 square feet on a 0.14‑acre lot; Two residences with separate heating and hot‑water systems; Detached garage and off‑street parking
