Duplex with Two-Car
New
For Sale
$499,000
1802 State, Hamden, CT 06517
The residential property pairs separate living units with garage space suitable for parking, storage, or workshop use.
Property Size1,935 SF
Price / SF$239.33
Days on Market7
Property Features for 1802 State
General Information
Standard status
Active
Size
1,935 SF
Total Parking Spaces
2
Property subtype
2 Family
Lease Term
Listing ID: 24215047, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 4 days on market
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
1,935 SF
Year Built
1935
Listing Agency:
Carbutti & Co., Realtors
(203) 269-4910
Listed By:
Heather Zito · License #RES.0812406
(203) 589-7226
Source:
Iverty
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 20 at 9:07PM
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 Carbutti & Co., Realtors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Hamden duplex contains 2,085 square feet and was built in 1935. Its two residential units are complemented by a two-car garage, which can accommodate parking, storage, or workshop use.
The property is on State Street, with schools, hospitals, retail, restaurants, and major highways nearby. Downtown New Haven and Yale are also accessible from this location.
The property is on State Street, with schools, hospitals, retail, restaurants, and major highways nearby. Downtown New Haven and Yale are also accessible from this location.
Key Highlights
- Two‑family property with 2,085 square feet
- Two‑car garage with parking, storage, or workshop use
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,095
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,900
$701.9K
Cap Rate 7%
$501,357
$501.4K
Cap Rate 9%
$389,944
$389.9K
Market Conditions
NOI Build-Up for 2,085 SF
Gross rent
$53.8K $25.80/SF
− Vacancy
−$3.7K −$1.75/SF
EGI
$50.1K $24.05/SF
− OpEx
−$15.0K −$7.21/SF
NOI
$35.1K $16.83/SF
Area
New Haven, CT
Vacancy
6.80%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,900
Cap Rate 7%
$501,357
Cap Rate 9%
$389,944
Alternative Uses
Best Use
Multifamily LT 5
$501.4K
$438.7K – $584.9K
NOI $35,095 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$466.5K
$408.2K – $544.3K
NOI $32,657 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$670.7K
$586.9K – $782.5K
NOI $46,949 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
269
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The residential property pairs separate living units with garage space suitable for parking, storage, or workshop use.
Where is this duplex located?
The property is located at 1802 State Hamden, CT.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑family property with 2,085 square feet; Two‑car garage with parking, storage, or workshop use; Built in 1935
