Hamden Multifamily Value-Add
For Sale
$469,000
Pending
171 Morse Street, Hamden, CT 06517
Spacious three-family home with value-add potential in Hamden.
Property Size3,971 SF
Days on Market174
Property Features for 171 Morse Street
General Information
Standard status
Pending
Size
3,971 SF
Property subtype
3 Family
Building Details
Year Built
1940
Listing Agency:
Dalvis Realty
Listed By:
Dallas Davis · License #REB.0795689
(203) 872-2188
Source:
Lockandkeyre
Added: Mar 13
Changed: Aug 23
Last Checked: Jul 24 at 12:51PM
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 Dalvis Realty
Investment Insights
Based on property information with market context.
Located in Hamden, this legal three-family home offers a value-add multifamily opportunity. The property features spacious units with tall ceilings. It includes a detached three-car garage, paved off-street parking, and a private yard. A newer roof has been installed. The property provides just under 4,000 square feet of living space. The layouts are conducive to strong future rents once modernized. The current month-to-month tenancies and below-market rents present an opportunity for income growth through renovation and rent repositioning. This property is suitable for investors or owner-occupants seeking long-term appreciation and income growth through strategic improvements.
Key Highlights
- Legal 3‑Family Home: Provides immediate rental income potential and long‑term investment opportunity.
- Value‑Add Opportunity: Below‑market rents and flexible tenancies allow for immediate income growth.
- Spacious Units with Tall Ceilings: Offers comfortable living spaces.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
679
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Spacious three-family home with value-add potential in Hamden.
Where is this triplex located?
The property is located at 171 Morse Street Hamden, CT.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Legal 3‑Family Home: Provides immediate rental income potential and long‑term investment opportunity.; Value‑Add Opportunity: Below‑market rents and flexible tenancies allow for immediate income growth.; Spacious Units with Tall Ceilings: Offers comfortable living spaces.
