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Renovated Two-Family Home, Hamden

49-51 Third Street, Hamden, CT 06514

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For Sale

$440,000

MULTI_FAMILY - Hamden, CT

Property size:

1,882 SF

Lot size:

0.09 Acres

Price / SF:

$233/SF

Listing Contact

Mateo Avila

HighLights

Two‑family home fully renovated; year built 1940
First‑floor unit: 2 bedrooms, 1 full bathroom; hardwood floors; brand‑new modern kitchen
Second‑floor unit: 3 bedrooms; fully remodeled
Fully finished and renovated basement for additional living space, recreation, or storage
High‑efficiency hot water heating system
Public water and public sewer

Learn more

For Sale

$440,000

MULTI_FAMILY - Hamden, CT

Property size:

1,882 SF

Lot size:

0.09 Acres

Price / SF:

$233/SF

Added:: Mar 26, 2026
Days on Market:: 77
Last Refresh:: Jun 10 at 10:06 pm

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 5, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Basement, Bedroom 2
Parking: 5
Fireplace: 1
Basement: Full
Standard status: Active
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

We can help!

Listing Contact

Mateo Avila

Listing agent Mateo Avila

Listing office Keller Williams Prestige Prop. 2777 Summer Street, Ridgefield, CT

Listing date Mar 26, 2026

MLS# 24162453 Listing URL

HighLights

Two‑family home fully renovated; year built 1940
First‑floor unit: 2 bedrooms, 1 full bathroom; hardwood floors; brand‑new modern kitchen
Second‑floor unit: 3 bedrooms; fully remodeled
Fully finished and renovated basement for additional living space, recreation, or storage
High‑efficiency hot water heating system
Public water and public sewer

Overview

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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $31,678 @ 7.0% cap · market cap 7.20%

Second Best

Apartment 5plus

$421.1K

$368.5K – $491.3K (±1% cap)

NOI $29,477 @ 7.0% cap · market cap 6.70%

Theoretical Best

Office A

$605.4K

$529.7K – $706.3K (±1% cap)

NOI $42,378 @ 7.0% cap · market cap 9.63%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Hamden
County: New Haven
State: Connecticut
Longitude: -72.936516
Latitude: 41.344082

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For sale
Duplexes
CT
Hamden
06514
49-51 Third Street

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: Two‑family home fully renovated; year built 1940; First‑floor unit: 2 bedrooms, 1 full bathroom; hardwood floors; brand‑new modern kitchen; Second‑floor unit: 3 bedrooms; fully remodeled

49-51 Third Street, Hamden, CT 06514

MULTI_FAMILY - Hamden, CT

Property Features for 49-51 Third Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Two-Story Corner Retail Building

Office Condominium with Garage Parking

Office Condominium with Covered Parking

Brick Free-Standing Retail Building

Move-In Condition Triplex on Corner Lot

Two-Family Residential Income Property

Turnkey Mixed-Use Investment Property

Two-Story Mixed-Use Commercial Building

Industrial Flex Property in Hamden

Hamden Office Condominium For Sale

Spacious Three-Family Home on Corner

Hamden Office Condo For Sale

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