Side-by-Side
For Sale
$700,000
53-55 Elihu Street, Hamden, CT 06517
Multi-Family For Sale, Units are Side-by-Side, Hamden, CT
Property Size2,828 SF
Lot Size0.26 Acres
Price / SF$247.52
Days on Market52
Property Features for 53-55 Elihu Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Basement, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Parking
2
Patio and Porch features
Porch
Exterior features
Porch,Gutters
Fireplace
1
Basement
Full
Lot features
Level Lot
Elementary school
Spring Glen
High school
Hamden
Directions
Whitney Ave to Elihu between Harmon and Woodlawn
Subdivision
Spring Glen
Standard status
Active
Size
2,828 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
15418
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1922
Architectural style
Other
Buildings
1
Listing Agency:
Calcagni Real Estate
(203) 458-1821
Listed By:
Lorrie Maiorano
(203) 915-3217
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 25 at 11:06AM
MLS# 24204282
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.
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Investment Insights
Based on property information with market context.
This 1922 duplex contains two side-by-side residences with approximately 2,828 square feet of total living space. Each home includes 6 rooms, 3 bedrooms, and 1.5 baths, along with a separate full basement and walk-up attic. Interior features include hardwood floors, natural woodwork, generous living rooms, formal dining rooms with built-ins, and remodeled kitchens and bathrooms. The kitchen at 53 includes granite countertops and a subway tile backsplash.
The property occupies a 0.26-acre lot with a front porch, gutters, and a detached 2-car garage. A newer natural gas heating system serves the right-side unit. Public water and public sewer are provided, and the property is zoned R4.
The property occupies a 0.26-acre lot with a front porch, gutters, and a detached 2-car garage. A newer natural gas heating system serves the right-side unit. Public water and public sewer are provided, and the property is zoned R4.
Key Highlights
- Two side‑by‑side residences with approximately 2,828 square feet total living space
- Each unit offers 6 rooms, 3 bedrooms, and 1.5 baths
- Separate full basements and walk‑up attics provide additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,601
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,020
$952.0K
Cap Rate 7%
$680,014
$680.0K
Cap Rate 9%
$528,900
$528.9K
Market Conditions
NOI Build-Up for 2,828 SF
Gross rent
$73.0K $25.80/SF
− Vacancy
−$5.0K −$1.75/SF
EGI
$68.0K $24.05/SF
− OpEx
−$20.4K −$7.21/SF
NOI
$47.6K $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 Rate 5%
$952,020
Cap Rate 7%
$680,014
Cap Rate 9%
$528,900
Alternative Uses
Best Use
Multifamily LT 5
$680.0K
$595.0K – $793.4K
NOI $47,601 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$632.8K
$553.7K – $738.2K
NOI $44,294 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$909.7K
$796.0K – $1.06M
NOI $63,679 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two mirror-image residences offer classic details, updated kitchens and baths, private basements, and shared outdoor amenities.
Where is this duplex located?
The property is located at 53-55 Elihu Street Hamden, CT.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two side‑by‑side residences with approximately 2,828 square feet total living space; Each unit offers 6 rooms, 3 bedrooms, and 1.5 baths; Separate full basements and walk‑up attics provide additional storage
