Two-Family Residential Income
36 Central Avenue Hamden, CT 06517
36 Central Avenue, Hamden, CT, 06517
$569,000
For Sale
$569,000
Two-unit home with separate entrances, off-street parking, a detached two-car garage, and a fenced backyard.
Property Size2,501 SF
Price / SF$227.51
Days on Market13
Property Features for 36 Central Avenue
General Information
- Standard status
- Active
- Size
- 2,501 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1920
Listing Agency
Houlihan Lawrence WD
(203) 641-7072
Listed by
Frank D'Ostilio · License #REB.0789479
(203) 641-7072
Source
Iverty
Added: Jul 5 Checked: Jul 17 at 2:29 am
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 well-kept two-family home offers a tenant-occupied first-floor unit and a second-floor unit. The first-floor unit provides three bedrooms and one full bath, while the second-floor unit offers three bedrooms and two full baths. The property includes separate entrances, hardwood floors, off-street parking, a fenced-in backyard, and a two-car detached garage, plus a brand new roof.
Located in Hamden, the home is described as convenient to Quinnipiac University, shopping, restaurants, and major highways.
As a duplex configuration with two full residential units, the property is suited to buyers seeking an owner-occupied or income-generating setup.
Located in Hamden, the home is described as convenient to Quinnipiac University, shopping, restaurants, and major highways.
As a duplex configuration with two full residential units, the property is suited to buyers seeking an owner-occupied or income-generating setup.
Key Highlights
- Two‑family home built in 1920 with two separate units and separate entrances
- Tenant‑occupied first‑floor unit with 3 bedrooms and 1 full bath
- Second‑floor unit with 3 bedrooms and 2 full baths
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 | $64.5k | $25.80 |
| − Vacancy | −$4.4k | −$1.75 |
| EGI | $60.1k | $24.05 |
| − OpEx | −$18.0k | −$7.21 |
| NOI | $42.1k | $16.83 |
2,501 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$601.4K
$526.2K – $701.6K
NOI $42,097 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$559.6K
$489.7K – $652.9K
NOI $39,172 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$804.5K
$704.0K – $938.6K
NOI $56,316 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit home with separate entrances, off-street parking, a detached two-car garage, and a fenced backyard.
Where is this duplex located?
The property is located at 36 Central Avenue Hamden, CT.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Two‑family home built in 1920 with two separate units and separate entrances; Tenant‑occupied first‑floor unit with 3 bedrooms and 1 full bath; Second‑floor unit with 3 bedrooms and 2 full baths
