Mixed-Use Property with Six
New
For Sale
$999,000
863 Dixwell, Hamden, CT 06514
Two occupied commercial suites and four apartments provide a combination of residential and commercial occupancy.
Property Size1,925 SF
Days on Market5
Property Features for 863 Dixwell
General Information
Standard status
Active
Size
1,925 SF
Property subtype
Commercial
Lease Term
Listing ID: 24211969, Standard Status: Active, MLS Status: Active
Units
Unit Mix
2 x 1BR, 2 x 2BR
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Amenities
off-street parking
separate utilities
90-minute fire-rated doors
Building Details
Building Size
1,925 SF
Year Built
1925
Year Renovated
2008
Buildings
1
Tenancy
Multi
Listing Agency:
Advise Realty Services
(203) 996-1506
Listed By:
Vincenzo Valentino · License #REB.0794313
(203) 758-0264
Source:
Iverty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 at 5:58PM
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 Advise Realty Services
Investment Insights
Based on property information with market context.
This six-unit mixed-use property on Dixwell Avenue includes two commercial spaces and four apartments: two one-bedroom units and two two-bedroom units. One apartment is vacant, while both commercial spaces are occupied. The property has off-street parking and separate utilities. Recent mechanical work includes newer furnaces and HVAC components; a renovation to Hamden specifications was completed in 2008, and the building has 90-minute fire-rated doors.
The property is within Hamden’s Enterprise Zone, where facade and other incentive programs may be available to qualifying owners or businesses. Eligibility and financial information are subject to buyer verification.
The property is within Hamden’s Enterprise Zone, where facade and other incentive programs may be available to qualifying owners or businesses. Eligibility and financial information are subject to buyer verification.
Key Highlights
- Six units: two commercial spaces and four apartments
- Apartment mix includes two 1BRs and two 2BRs
- One apartment is vacant; both commercial spaces are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,151
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,020
$603.0K
Cap Rate 7%
$430,729
$430.7K
Cap Rate 9%
$335,011
$335.0K
Market Conditions
NOI Build-Up for 1,925 SF
Gross rent
$58.4K $30.36/SF
− Vacancy
−$3.6K −$1.88/SF
EGI
$54.8K $28.48/SF
− OpEx
−$24.7K −$12.81/SF
NOI
$30.2K $15.66/SF
Area
New Haven, CT
Vacancy
6.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,020
Cap Rate 7%
$430,729
Cap Rate 9%
$335,011
Alternative Uses
Best Use
Apartment 5plus
$430.7K
$376.9K – $502.5K
NOI $30,151 @ 7.0% cap · market cap 3.02%
Second Best
Mixed Use
$379.5K
$332.1K – $442.8K
NOI $26,565 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$619.2K
$541.8K – $722.4K
NOI $43,346 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Explore this area
Business Placement
Demographics for 06514, CT
26,613
Population
11,388
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
11.1 sq mi
ZIP Area
2,398
Density / Sq Mi
$85,227
Median Household Income
$46,594
Median Earnings
$1,633
Median Rent
$250,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two occupied commercial suites and four apartments provide a combination of residential and commercial occupancy.
Where is this mixed-use property located?
The property is located at 863 Dixwell Hamden, CT.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Six units: two commercial spaces and four apartments; Apartment mix includes two 1BRs and two 2BRs; One apartment is vacant; both commercial spaces are occupied
