Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mixed-Use Investment Opportunity with Parking Title is generated by Realmo AI

    1428 Dixwell Avenue, Hamden, CT 06514

    View on Map
    Claim this Listing
    For Sale
    $589,000

    3-family mixed-use property with commercial space and ample parking.

    Type:3 Family
    Property size:
    3,096 SF
    Price / SF:
    $190/SF
    Added:
    May 15, 2026
    Days on Market:
    14
    Last Refresh:
    May 16 at 8:08 pm

    Property Features for 1428 Dixwell Avenue

    General Information

    Standard status
    Active
    Size
    3,096 SF
    Property subtype
    3 Family

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    Karen Drullard

    Listing agent Karen Drullard

    Listing office William Raveis Real Estate

    Listing date May 15, 2026

    Source Lockandkeyre

    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 William Raveis Real Estate

    HighLights

    • High‑visibility location ideal for commercial use and attracting customers.
    • Versatile ground‑floor commercial space suitable for retail, office, or service‑based businesses.
    • Ample private off‑street parking for tenants, customers, and guests.
    • Two spacious residential units with updated kitchens and potential rental income.
    • Well‑maintained building suitable for owner‑occupants or investors.
    • Separate utilities for each unit.

    Overview

    This well-maintained 3-family mixed-use property offers a blend of residential and commercial potential. Situated in a high-visibility location, the building features two residential units and a ground-floor commercial space suitable for retail, office, or service-based businesses. The commercial unit includes a street-level storefront with large display windows and a flexible layout. The residential apartments are bright and well-appointed, featuring generous living areas and updated kitchens, offering great potential rental income. A private lot provides ample off-street parking for tenants, customers, and guests. Additional features include a full basement for storage, separate utilities, and a low-maintenance exterior. The property is suitable for owner-occupants seeking supplemental income or investors looking for a strong cash-flow asset. The property size is 3096 square feet.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $579.0K
    NOI $52,112 @ 9.00% cap · cautious / downside scenario
    Moderate
    $744.5K
    NOI $52,112 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.04M
    NOI $52,112 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $79.9k $25.80
    − Vacancy −$5.4k −$1.75
    EGI $74.4k $24.05
    − OpEx −$22.3k −$7.21
    NOI $52.1k $16.83
    3,096 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $744.5K
    $651.4K – $868.5K (±1% cap)
    NOI $52,112 @ 7.0% cap · market cap 8.85%
    Second Best
    Apartment 5plus
    $692.7K
    $606.2K – $808.2K (±1% cap)
    NOI $48,492 @ 7.0% cap · market cap 8.23%
    Theoretical Best
    Office A
    $995.9K
    $871.4K – $1.16M (±1% cap)
    NOI $69,713 @ 7.0% cap · market cap 11.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Queens Wellness & Body ... Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9314511
    Latitude
    41.3519278

    Nearby Similar for Sale

    • $1,890,000
      11,800 SF

      Hamden Commercial Property For Sale

      Two-story, 11,800 SF commercial building in Hamden, CT for sale.
      2348 Whitney Avenue, Hamden, CT 06518
      View Details
    • $315,000
      3,536 SF

      Hamden Office Condominium For Sale

      3,536 SF office condo with efficient layout and ample parking.
      60 Washington Avenue, Hamden, CT 06518
      View Details
    • $675,000
      4,080 SF

      Hamden Retail Building For Sale

      Freestanding retail building in prime condition with high traffic exposure.
      1231 Whitney Avenue, Hamden, CT 06517
      View Details
    • $105,000
      1,109 SF

      Hamden Office Condo For Sale

      1,109 SF office condo with covered parking and utilities.
      60 Washington Avenue, Hamden, CT 06518
      View Details
    • $825,000
      5,058 SF

      Turnkey Mixed-Use Investment Property

      Fully occupied mixed-use property in Whitneyville neighborhood with strong income.
      1242 Whitney Avenue, Hamden, CT 06517
      View Details
    • $1,400,000
      11,520 SF

      Hamden Commercial Building For Sale

      Two-story commercial building with development potential in high-traffic area.
      2340 Whitney Avenue, Hamden, CT 06518
      View Details
    • $210,000
      2,427 SF

      Hamden Office Condominium For Sale

      2,427 SF office condo with efficient layout and ample parking.
      60 Washington Avenue, Hamden, CT 06518
      View Details
    • $1,299,000
      19,180 SF

      Hamden Commercial Property For Sale

      Three buildings on 2.22 acres with redevelopment potential.
      2488-2490 State Street, Hamden, CT 06517
      View Details
    • $315,000
      3,536 SF

      Hamden Office Condo For Sale

      3,536 SF office condo with natural light and parking.
      60 Washington Ave 303 & 304, Hamden, CT 06518
      View Details
    • $292,100
      2,448 SF

      Spacious Three-Family Home on Corner

      Three-family home on corner lot, close to highways and shopping.
      22 Helen Street, Hamden, CT 06518
      View Details
    • $440,000
      1,882 SF

      Renovated Two-Family Home, Hamden

      Fully renovated two-family home with finished basement in Hamden.
      49-51 Third Street, Hamden, CT 06514
      View Details
    • $1,200,000
      10,000 SF

      Professional Office Building with Income

      Four-story office building in Hamden with income potential.
      2751 Dixwell Ave, Hamden, CT 06518
      View Details

    FAQs

    What type of property is this?
    Triplex - 3-family mixed-use property with commercial space and ample parking.
    Where is this triplex located?
    The property is located at 1428 Dixwell Avenue Hamden, CT.
    What is the asking price?
    The asking price for this property is $589,000.
    What are key features of this property?
    This property features: High‑visibility location ideal for commercial use and attracting customers.; Versatile ground‑floor commercial space suitable for retail, office, or service‑based businesses.; Ample private off‑street parking for tenants, customers, and guests.
    (203) 530-5399
    We can help!
    Listing Contact
    Karen Drullard
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1428 Dixwell Avenue, Hamden, CT 06514
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!