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    West Haven Multifamily Investment Opportunity Title is generated by Realmo AI

    86 Hinman Street, West Haven, CT 06516

    View on Map
    Claim this Listing
    Pending
    $349,000

    MULTI_FAMILY - West Haven, CT

    Property size:
    1,602 SF
    Lot size:
    0.11 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    46
    Last Refresh:
    Jun 13 at 7:06 pm

    Property Features for 86 Hinman Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R3
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bedroom 1, Bathroom 1, Bathroom 2, Basement, Bedroom 2
    Basement
    Unfinished, Full
    Standard status
    Pending
    Size
    1,602 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    6045

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1925
    Architectural style
    Other

    We can help!

    Listing Contact
    Angela Franco

    Listing agent Angela Franco License #RES.0789043

    Listing office mygoodagent 680 Boston Post Road, Suite H, Boca Raton, CT

    Listing date Apr 29, 2026

    MLS# 24171134 Listing URL

    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.

    HighLights

    • Stable 2‑family property built in 1925 with separate utilities for each unit
    • Each unit includes 1 bedroom, 1 full bathroom, living room, dining room, and eat‑in kitchen (EIK)
    • First‑floor unit is in overall good condition and heated by oil; second‑floor unit is heated by gas
    • Both units use gas for cooking
    • 2‑car detached garage plus off‑street parking
    • Public water and public sewer; level yard and basement storage

    Overview

    This two-family property in West Haven, Connecticut, presents an opportunity for investors and owner-occupants. Each unit includes one bedroom, one full bathroom, a living room, a dining room, and an eat-in kitchen. The first-floor unit is in good condition and is heated by oil. The second-floor unit is heated by gas and offers an opportunity for updates. Both units use gas for cooking. Additional features include a two-car detached garage, off-street parking, a level yard, and basement storage space. Separate utilities enhance the property's investment appeal. The property is located near the University of New Haven, major highways, shopping, dining, and healthcare facilities. The lot size is 0.11 acres and the property size is 1602 square feet. The zoning is R3.

    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 $41.3k $25.80
    − Vacancy −$2.8k −$1.75
    EGI $38.5k $24.05
    − OpEx −$11.6k −$7.21
    NOI $27.0k $16.83
    1,602 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $385.2K
    $337.1K – $449.4K (±1% cap)
    NOI $26,965 @ 7.0% cap · market cap 7.73%
    Second Best
    Apartment 5plus
    $358.5K
    $313.7K – $418.2K (±1% cap)
    NOI $25,092 @ 7.0% cap · market cap 7.19%
    Theoretical Best
    Office A
    $515.3K
    $450.9K – $601.2K (±1% cap)
    NOI $36,073 @ 7.0% cap · market cap 10.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    West Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.957324
    Latitude
    41.298985

    FAQs

    What type of property is this?
    Duplex - Two-unit property near UNH, ideal for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 86 Hinman Street West Haven, CT.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Stable 2‑family property built in 1925 with separate utilities for each unit; Each unit includes 1 bedroom, 1 full bathroom, living room, dining room, and eat‑in kitchen (EIK); First‑floor unit is in overall good condition and heated by oil; second‑floor unit is heated by gas
    More about this property
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