Remodeled Two-Family
21 Hinman Street West Haven, CT 06516
21 Hinman Street, West Haven, CT, 06516
$544,900
Pending
For Sale
$544,900
Pending
Recently remodeled two-family home with two full-floor units, each offering three bedrooms, two baths, and designated laundry space.
Property Size2,946 SF
Days on Market140
Property Features for 21 Hinman Street
General Information
- Standard status
- Pending
- Size
- 2,946 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1917
Listing agency
William Raveis Real Estate
(203) 915-1661
Listed by
John Armellino · License #RES.0772306
(203) 915-1661
Source
Compass
Added: Mar 4 Updated: Jul 21 at 7:21PM Checked: Jul 21 at 7:21PM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
This recently remodeled two-family residence offers two full-floor units. Each unit features a spacious living room, three bedrooms, and two full bathrooms, with updates including new flooring, tile, and modern vanities. Kitchens have been refreshed with new countertops and new backsplashes, and each unit includes a designated laundry area for convenience. The second-floor unit also provides direct kitchen access to a newly built deck for outdoor use.
The property includes a full walk-out basement that may be used for storage, workspace, or future expansion. A detached two-car garage and ample off-street parking support day-to-day accessibility.
A brand-new roof will be installed prior to closing. The home is conveniently located near the University of New Haven and Yale University, with easy access to major highways, the West Haven Green, and the beaches of West Haven.
The property includes a full walk-out basement that may be used for storage, workspace, or future expansion. A detached two-car garage and ample off-street parking support day-to-day accessibility.
A brand-new roof will be installed prior to closing. The home is conveniently located near the University of New Haven and Yale University, with easy access to major highways, the West Haven Green, and the beaches of West Haven.
Key Highlights
- Recently remodeled 2‑family home built in 1917 with two full‑floor units
- Each unit offers 10 total rooms, with 3 bedrooms and 2 full bathrooms per unit
- Updated interiors include new flooring, tile, and modern vanities, plus updated kitchens with new countertops and backsplashes
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 | $76.0k | $25.80 |
| − Vacancy | −$5.2k | −$1.75 |
| EGI | $70.8k | $24.05 |
| − OpEx | −$21.3k | −$7.21 |
| NOI | $49.6k | $16.83 |
2,946 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$708.4K
$619.8K – $826.5K
NOI $49,587 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$659.2K
$576.8K – $769.0K
NOI $46,142 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$947.7K
$829.2K – $1.11M
NOI $66,336 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Unlimited Green lands ...
Landscaping
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FAQs
What type of property is this?
Duplex - Recently remodeled two-family home with two full-floor units, each offering three bedrooms, two baths, and designated laundry space.
Where is this duplex located?
The property is located at 21 Hinman Street West Haven, CT.
What is the asking price?
The asking price for this property is $544,900.
What are key features of this property?
This property features: Recently remodeled 2‑family home built in 1917 with two full‑floor units; Each unit offers 10 total rooms, with 3 bedrooms and 2 full bathrooms per unit; Updated interiors include new flooring, tile, and modern vanities, plus updated kitchens with new countertops and backsplashes
