Corner-Lot Three-Unit Residential
162 Helen Street Hamden, CT 06514
162 Helen Street, Hamden, CT, 06514
$549,900
Pending
For Sale
$549,900
Pending
Move-in ready three-unit property offers separate utilities and off-street parking for steady residential income.
Property Size2,759 SF
Days on Market49
Property Features for 162 Helen Street
General Information
- Standard status
- Pending
- Size
- 2,759 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1920
Listing Agency
HomeRun Realty LLC
(203) 239-2228
Listed by
Billie D'alessio
(203) 239-2228
Source
Lockandkeyre
Added: Jun 2 Updated: Jul 10 at 1:48 pm Checked: Jul 20 at 4:48 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 HomeRun Realty LLC
Investment Insights
Based on property information with market context.
This move-in ready three-unit multifamily residence is set on a corner lot and designed for straightforward separate living arrangements. The property includes three distinct units, each with a living area, dining space where applicable, bedrooms, bathrooms, and kitchens with pantries. Unit 1 features two bedrooms and a bath, along with a kitchen and pantry. Unit 2 includes two bedrooms and an enclosed front porch, plus a rear open balcony deck. Unit 3 offers one bedroom and a full bath, with its own kitchen and pantry closet, and includes a rear balcony deck. Additional convenience is provided by three laundry hook-ups located in the basement.
The building’s residential setup supports flexible occupancy, with off-street parking available for residents. The public remarks indicate convenient access to shopping, a business district, a bus line, Southern CT State University, and Eli Whitney Tech.
For tenants and owner-users, the separate gas and electric utilities can help simplify billing and daily operations across units. For investors, the configuration of three self-contained apartments and on-site laundry hook-ups supports a practical, residential income use.
The building’s residential setup supports flexible occupancy, with off-street parking available for residents. The public remarks indicate convenient access to shopping, a business district, a bus line, Southern CT State University, and Eli Whitney Tech.
For tenants and owner-users, the separate gas and electric utilities can help simplify billing and daily operations across units. For investors, the configuration of three self-contained apartments and on-site laundry hook-ups supports a practical, residential income use.
Key Highlights
- Move‑in ready 3‑unit multifamily built in 1920 on a corner lot
- All separate utilities: gas and electric for each unit
- Three basement laundry hook‑ups for the property
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 | $71.2k | $25.80 |
| − Vacancy | −$4.8k | −$1.75 |
| EGI | $66.3k | $24.05 |
| − OpEx | −$19.9k | −$7.21 |
| NOI | $46.4k | $16.83 |
2,759 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$663.4K
$580.5K – $774.0K
NOI $46,439 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$617.3K
$540.2K – $720.2K
NOI $43,213 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$887.5K
$776.6K – $1.04M
NOI $62,125 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Move-in ready three-unit property offers separate utilities and off-street parking for steady residential income.
Where is this triplex located?
The property is located at 162 Helen Street Hamden, CT.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Move‑in ready 3‑unit multifamily built in 1920 on a corner lot; All separate utilities: gas and electric for each unit; Three basement laundry hook‑ups for the property
