Renovated Three-Unit Residential
New
For Sale
$549,000
21 Gorham Ave, Hamden, CT 06514
Well-maintained triplex with recently renovated upper unit and fully renovated first floor in Hamden, CT.
Days on Market4
Property Features for 21 Gorham Ave
General Information
Standard status
Active
Property subtype
Multi Family
Building Details
Building Size
3,000 SF
Year Built
1920
Listing Agency:
Sette Real Estate LLC
(203) 710-0047
Listed By:
James M. Sette · License #REB.0756958
(203) 710-0047
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 10:24AM
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 Sette Real Estate LLC
Investment Insights
Based on property information with market context.
This well-maintained triplex offers a practical owner-occupied layout with three residential units. The first floor has been totally renovated, and the second floor has been recently renovated, providing updated living space for a larger household. The property has been inspected by the fire marshal and is in compliance.
Built in 1920, the building is located at 21 Gorham Ave in Hamden, CT. BikeScore is 63 (bikeable) and WalkScore is 69 (somewhat walkable).
For showings, a 24-hour notice is requested.
Built in 1920, the building is located at 21 Gorham Ave in Hamden, CT. BikeScore is 63 (bikeable) and WalkScore is 69 (somewhat walkable).
For showings, a 24-hour notice is requested.
Key Highlights
- Triplex with renovated first floor and recently renovated second floor
- Fire marshal inspection completed and in compliance
- Built in 1920
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 | $77.4k | $25.80 |
| − Vacancy | −$5.3k | −$1.75 |
| EGI | $72.1k | $24.05 |
| − OpEx | −$21.6k | −$7.21 |
| NOI | $50.5k | $16.83 |
3,000 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$721.4K
$631.2K – $841.6K
NOI $50,496 @ 7.0% cap · market cap 9.20%
Second Best
Apartment 5plus
$671.3K
$587.4K – $783.1K
NOI $46,988 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$965.0K
$844.4K – $1.13M
NOI $67,552 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Explore this area
Business Placement
Demographics for 06514, CT
26,613
Population
11,388
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
11.1 sq mi
ZIP Area
2,398
Density / Sq Mi
$85,227
Median Household Income
$46,594
Median Earnings
$1,633
Median Rent
$250,300
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 - Well-maintained triplex with recently renovated upper unit and fully renovated first floor in Hamden, CT.
Where is this triplex located?
The property is located at 21 Gorham Ave Hamden, CT.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Triplex with renovated first floor and recently renovated second floor; Fire marshal inspection completed and in compliance; Built in 1920
