Three-Family Residential Income
1770 State Street Hamden, CT 06517
For Sale
$390,000
Three-unit layout with off-street parking, gas mechanicals, and a three-bedroom unit updated within the last three years.
Property Size2,282 SF
Price / SF$170.90
Days on Market205
Property Features for 1770 State Street
General Information
- Standard status
- Active
- Size
- 2,282 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1935
Listing Agency:
Houlihan Lawrence WD
(203) 996-4984
Listed By:
Michael Martinez · License #RES.0781704
(203) 996-4984
Source:
Compass
Added: Dec 31, 2025
Changed: Jul 23
Last Checked: Jul 23 at 1:35PM
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 Houlihan Lawrence WD
Investment Insights
Based on property information with market context.
This solid three-family property is arranged with a one-bedroom unit and a rear studio on the first floor, plus a spacious three-bedroom apartment on the second floor. The three-bedroom unit has been updated within the last three years. The building also includes gas mechanicals and plenty of off-street parking.
Located at 1770 State Street in Hamden, CT, the property is described as being on the back side of East Rock. It is well suited for investors and owner-occupants, offering a mix of unit types across the two levels.
Overall, the configuration provides two units on the first floor and one larger unit on the second floor, supporting multiple occupancy arrangements within a single building.
Located at 1770 State Street in Hamden, CT, the property is described as being on the back side of East Rock. It is well suited for investors and owner-occupants, offering a mix of unit types across the two levels.
Overall, the configuration provides two units on the first floor and one larger unit on the second floor, supporting multiple occupancy arrangements within a single building.
Key Highlights
- Three‑family building built in 1935 with a 10‑room total layout
- First floor features a 1‑bedroom unit plus a rear studio
- Second floor offers a spacious 3‑bedroom apartment
Financial Insights For Apartment 5plus
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 | $69.3k | $30.36 |
| − Vacancy | −$4.3k | −$1.88 |
| EGI | $65.0k | $28.48 |
| − OpEx | −$29.2k | −$12.81 |
| NOI | $35.7k | $15.66 |
2,282 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$548.7K
$480.1K – $640.2K
NOI $38,410 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$510.6K
$446.8K – $595.7K
NOI $35,742 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$734.1K
$642.3K – $856.4K
NOI $51,384 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit layout with off-street parking, gas mechanicals, and a three-bedroom unit updated within the last three years.
Where is this triplex located?
The property is located at 1770 State Street Hamden, CT.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Three‑family building built in 1935 with a 10‑room total layout; First floor features a 1‑bedroom unit plus a rear studio; Second floor offers a spacious 3‑bedroom apartment
