Two-Unit Home with Detached
For Sale
$519,900
98 Gorham, Hamden, CT 06514
Freshly painted duplex with two residential units, private outdoor space, and convenient access to shopping, schools, and major highways.
Property Size2,503 SF
Price / SF$207.71
Days on Market73
Property Features for 98 Gorham
General Information
Standard status
Active
Size
2,503 SF
Total Parking Spaces
2
Property subtype
2 Family
Additional Details
Highway Access
Yes
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
Maple Vale Realty LLC
(203) 572-6180
Listed By:
Edgar Ramirez · License #RES.0817422
(203) 400-9924
Source:
Lockandkeyre
Added: Jul 31
Changed: Oct 10
Last Checked: Oct 9 at 10:06PM
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 Maple Vale Realty LLC
Investment Insights
Based on property information with market context.
This 2,503-square-foot duplex, built in 1930, contains two residential units with a practical two-bedroom, one-bathroom layout in each. Fresh paint and well-maintained interiors support immediate occupancy, while the property’s configuration accommodates both investment and owner-occupant use.
Exterior features include a detached two-car garage and a generous backyard suitable for recreation or outdoor gatherings. The property is located near local amenities, shopping, schools, and major highways, providing everyday convenience for residents.
With two separately configured living spaces, established site improvements, and dedicated garage storage, the property offers a straightforward multifamily format in Hamden, Connecticut.
Exterior features include a detached two-car garage and a generous backyard suitable for recreation or outdoor gatherings. The property is located near local amenities, shopping, schools, and major highways, providing everyday convenience for residents.
With two separately configured living spaces, established site improvements, and dedicated garage storage, the property offers a straightforward multifamily format in Hamden, Connecticut.
Key Highlights
- Two‑unit duplex with 2,503 SF of building area
- Each unit includes 2 bedrooms and 1 full bathroom
- Freshly painted interiors in well‑maintained condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,130
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,600
$842.6K
Cap Rate 7%
$601,857
$601.9K
Cap Rate 9%
$468,111
$468.1K
Market Conditions
NOI Build-Up for 2,503 SF
Gross rent
$64.6K $25.80/SF
− Vacancy
−$4.4K −$1.75/SF
EGI
$60.2K $24.05/SF
− OpEx
−$18.1K −$7.21/SF
NOI
$42.1K $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%
$842,600
Cap Rate 7%
$601,857
Cap Rate 9%
$468,111
Alternative Uses
Best Use
Multifamily LT 5
$601.9K
$526.6K – $702.2K
NOI $42,130 @ 7.0% cap · market cap 8.10%
Second Best
Apartment 5plus
$560.1K
$490.1K – $653.4K
NOI $39,204 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$805.2K
$704.5K – $939.4K
NOI $56,361 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
709
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Freshly painted duplex with two residential units, private outdoor space, and convenient access to shopping, schools, and major highways.
Where is this duplex located?
The property is located at 98 Gorham Hamden, CT.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,503 SF of building area; Each unit includes 2 bedrooms and 1 full bathroom; Freshly painted interiors in well‑maintained condition
