Mixed-Use Investment Opportunity with
1428 Dixwell Avenue Hamden, CT 06514
1428 Dixwell Avenue, Hamden, CT, 06514
$589,000
For Sale
$589,000
3-family mixed-use property with commercial space and ample parking.
Property Size3,096 SF
Price / SF$190.25
Days on Market63
Property Features for 1428 Dixwell Avenue
General Information
- Standard status
- Active
- Size
- 3,096 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1925
Listing Agency
William Raveis Real Estate
(203) 530-5399
Listed by
Karen Drullard
(203) 530-5399
Source
Lockandkeyre
Added: May 15 Checked: Jul 16 at 8:24 am
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| 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 Uses
Best Use
Multifamily LT 5
$744.5K
$651.4K – $868.5K
NOI $52,112 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$692.7K
$606.2K – $808.2K
NOI $48,492 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$995.9K
$871.4K – $1.16M
NOI $69,713 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Queens Wellness & Body ...
Hair Salon
Similar For Sale Nearby
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.
