Historic Triplex with Covered
For Sale
$575,000
Pending
45 Jaenicke Lane, Hamden, CT 06517
A 1900-era triplex that blends original architectural details with updated mechanicals for dependable everyday living.
Property Size2,958 SF
Days on Market68
Property Features for 45 Jaenicke Lane
General Information
Standard status
Pending
Size
2,958 SF
Property subtype
3 Family
Building Details
Year Built
1900
Listing Agency:
Candy Basta
(203) 444-5288
Listed By:
Jordan Healy
(413) 717-0635
Source:
Lockandkeyre
Added: Jun 23
Changed: Aug 8
Last Checked: Jul 23 at 5:25AM
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 Candy Basta
Investment Insights
Based on property information with market context.
Built in 1900, this historic triplex retains much of its original architectural character, including period woodwork, classic detailing, and traditional craftsmanship throughout. While the building honors its era, it also benefits from updated mechanicals designed to provide the convenience and reliability expected by today’s owners and tenants. A covered porch offers an inviting outdoor entry for residents, adding to the property’s home-like feel.
Located in Hamden, the property sits in a neighborhood described as sought-after in the seller’s remarks. The setting supports a residential atmosphere where long-established building features and modernized systems can both play an active role in day-to-day use.
As a residential income property, the layout is suited to an owner seeking rental income or an operator looking for a multi-unit building with preserved historic details and practical mechanical updates. Prospective tenants and buyers should find the combination of original craftsmanship and modern improvements appealing for those who value character without giving up functional reliability. The covered porch also provides a clear, usable feature that residents can enjoy year-round within the overall property experience.
Located in Hamden, the property sits in a neighborhood described as sought-after in the seller’s remarks. The setting supports a residential atmosphere where long-established building features and modernized systems can both play an active role in day-to-day use.
As a residential income property, the layout is suited to an owner seeking rental income or an operator looking for a multi-unit building with preserved historic details and practical mechanical updates. Prospective tenants and buyers should find the combination of original craftsmanship and modern improvements appealing for those who value character without giving up functional reliability. The covered porch also provides a clear, usable feature that residents can enjoy year-round within the overall property experience.
Key Highlights
- Built in 1900, this triplex retains original architectural charm and period woodwork
- Includes classic period detailing and original craftsmanship throughout
- Updated mechanicals provide convenience and reliability for everyday living
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,789
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$995,780
$995.8K
Cap Rate 7%
$711,271
$711.3K
Cap Rate 9%
$553,211
$553.2K
Market Conditions
NOI Build-Up for 2,958 SF
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.
Gross rent
$76.3K $25.80/SF
− Vacancy
−$5.2K −$1.75/SF
EGI
$71.1K $24.05/SF
− OpEx
−$21.3K −$7.21/SF
NOI
$49.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$995,780
Cap Rate 7%
$711,271
Cap Rate 9%
$553,211
Alternative Uses
Best Use
Multifamily LT 5
$711.3K
$622.4K – $829.8K
NOI $49,789 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$661.9K
$579.1K – $772.2K
NOI $46,330 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$951.5K
$832.6K – $1.11M
NOI $66,606 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
318
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
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 - A 1900-era triplex that blends original architectural details with updated mechanicals for dependable everyday living.
Where is this triplex located?
The property is located at 45 Jaenicke Lane Hamden, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Built in 1900, this triplex retains original architectural charm and period woodwork; Includes classic period detailing and original craftsmanship throughout; Updated mechanicals provide convenience and reliability for everyday living
