Updated
136 Second, Hamden, CT 06514
For Sale
$529,000
Two vacant residences offer flexibility for an owner-occupant or future tenants.
Property Size1,905 SF
Price / SF$240.02
Days on Market9
Property Features for 136 Second
General Information
Standard status
Size
Property subtype
Lease Term
Additional Details
Multifamily Units
Amenities
refinished custom hardwood floors
granite countertops
new shaker-style cabinets
updated bathrooms
new laundry units in each floor
front and rear enclosed porches
Building Details
Building Size
Year Built
Listing Agency:
Vylla Home (CT) LLC
(860) 983-6956
Listed By:
Jorge Cintron · License #RES.0818820
(203) 650-4731
Source:
Iverty
Added: Nov 1
Changed: Nov 8
Last Checked: Nov 8 at 6:28AM
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 Vylla Home (CT) LLC
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Investment Insights
Based on property information with market context.
At 136 Second Street in Hamden, this 2,204-square-foot duplex was built in 1905 and has two vacant units. Improvements include replacement windows and siding, refinished hardwood flooring, and fresh interior paint. Each kitchen has granite countertops, shaker-style cabinetry, and a backsplash; both bathrooms have also been updated. Laundry equipment is provided on both floors, and enclosed porches at the front and rear add usable space.
Key Highlights
- 2,204‑square‑foot duplex built in 1905
- Both residences are vacant
- Updated kitchens feature granite countertops, shaker cabinetry, and backsplashes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,098
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,960
$742.0K
Cap Rate 7%
$529,971
$530.0K
Cap Rate 9%
$412,200
$412.2K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$56.9K $25.80/SF
− Vacancy
−$3.9K −$1.75/SF
EGI
$53.0K $24.05/SF
− OpEx
−$15.9K −$7.21/SF
NOI
$37.1K $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%
$741,960
Cap Rate 7%
$529,971
Cap Rate 9%
$412,200
Alternative Uses
Best Use
Multifamily LT 5
$530.0K
$463.7K – $618.3K
NOI $37,098 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$493.2K
$431.5K – $575.4K
NOI $34,521 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$709.0K
$620.4K – $827.1K
NOI $49,628 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
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Business Placement
Demographics for 06514, CT
26,613
Population
11,388
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
11.1 sq mi
ZIP Area
2,398
Density / Sq Mi
$85,227
Median Household Income
$46,594
Median Earnings
$1,633
Median Rent
$250,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Hamden, CT
Properties on Market for Duplexes in Hamden
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences offer flexibility for an owner-occupant or future tenants.
Where is this duplex located?
The property is located at 136 Second Hamden, CT.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 2,204‑square‑foot duplex built in 1905; Both residences are vacant; Updated kitchens feature granite countertops, shaker cabinetry, and backsplashes
