Triplex with Three-Car
New
For Sale
$479,900
88 Arch, Hamden, CT 06514
An additional lot and oversized driveway accompany this three-family residential property.
Property Size1,960 SF
Price / SF$244.85
Days on Market3
Property Features for 88 Arch
General Information
Standard status
Active
Size
1,960 SF
Total Parking Spaces
3
Property subtype
3 Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Coldwell Banker Realty
(203) 239-2553
Listed By:
Heather Fitzgerald · License #REB.0794045
(475) 238-3257
Source:
Lockandkeyre
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 7:21AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This triplex, built in 1930, contains 1,960 square feet and includes a three-car garage. An additional lot and oversized driveway are also part of the property.
The three-family configuration provides three residential units within one property.
The three-family configuration provides three residential units within one property.
Key Highlights
- Three‑family property with 1,960 square feet
- Three‑car garage
- Additional lot included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,991
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,820
$659.8K
Cap Rate 7%
$471,300
$471.3K
Cap Rate 9%
$366,567
$366.6K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$50.6K $25.80/SF
− Vacancy
−$3.4K −$1.75/SF
EGI
$47.1K $24.05/SF
− OpEx
−$14.1K −$7.21/SF
NOI
$33.0K $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%
$659,820
Cap Rate 7%
$471,300
Cap Rate 9%
$366,567
Alternative Uses
Best Use
Multifamily LT 5
$471.3K
$412.4K – $549.9K
NOI $32,991 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$438.6K
$383.7K – $511.7K
NOI $30,699 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$630.5K
$551.7K – $735.6K
NOI $44,134 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
680
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - An additional lot and oversized driveway accompany this three-family residential property.
Where is this triplex located?
The property is located at 88 Arch Hamden, CT.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Three‑family property with 1,960 square feet; Three‑car garage; Additional lot included
