Renovated Two-Family Home,
49-51 Third Street Hamden, CT 06514
For Sale
Under Contract
$440,000
MULTI_FAMILY - Hamden, CT
Property Size1,882 SF
Lot Size0.09 Acres
Price / SF$233.79
Days on Market124
Property Features for 49-51 Third Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 2, Basement
- Parking
- 5
- Fireplace
- 1
- Basement
- Full
- Standard status
- Active Under Contract
- Size
- 1,882 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 11029
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1940
- Architectural style
- Other
Listing Agency:
Keller Williams Prestige Prop.
(203) 327-6700
Listed By:
Mateo Avila
(203) 923-7891
Added: Mar 26
Changed: Jul 26
Last Checked: Jul 27 at 5:06AM
MLS# 24162453
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Hamden, this renovated two-family home at 49 3rd Street features a finished basement. The property is suitable for both owner-occupants and investors. The first-floor unit includes 2 bedrooms and 1 full bathroom, with hardwood floors and a modern kitchen featuring updated finishes. The second-floor unit offers 3 bedrooms and has been fully remodeled. The home also features a finished and renovated basement, suitable for additional living space, recreation, or storage. A high-efficiency heating system is installed. The property is located on a lot of 0.09 acres and has a total area of 1882 square feet. The zoning is R5.
Key Highlights
- Fully renovated two‑family home with a finished basement and fireplace
- First‑floor unit: 2 bedrooms, 1 full bathroom, with hardwood floors and a brand‑new modern kitchen
- Second‑floor unit: 3 bedrooms, fully remodeled for fresh living space
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 | $48.6k | $25.80 |
| − Vacancy | −$3.3k | −$1.75 |
| EGI | $45.3k | $24.05 |
| − OpEx | −$13.6k | −$7.21 |
| NOI | $31.7k | $16.83 |
1,882 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$452.5K
$396.0K – $528.0K
NOI $31,678 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$421.1K
$368.5K – $491.3K
NOI $29,477 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$605.4K
$529.7K – $706.3K
NOI $42,378 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully renovated two-family home with finished basement in Hamden.
Where is this duplex located?
The property is located at 49-51 Third Street Hamden, CT.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Fully renovated two‑family home with a finished basement and fireplace; First‑floor unit: 2 bedrooms, 1 full bathroom, with hardwood floors and a brand‑new modern kitchen; Second‑floor unit: 3 bedrooms, fully remodeled for fresh living space
