Building Details

Year Built 1962

Listing Agency: Berkshire Hathaway NE Prop. s***@bhhsne.com Show Phone

Listed By: Jordan Casteel · License #RES.0817258 Show Phone

Source: Lockandkeyre

Added: Aug 1 Changed: Oct 4 Last Checked: Oct 5 at 7:06PM

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Investment Insights

Based on property information with market context.

This 2,464-square-foot duplex contains two residences with matching floor plans. Each unit offers a living room, formal dining room, kitchen, three bedrooms, and one full bathroom, creating a six-bedroom, two-bathroom configuration overall. The property was built in 1962 and includes a new roof along with updated mechanical systems. Some additional work remains to complete the property.

Located on Francis Avenue in Hamden, the duplex sits along a one-way street and provides off-street parking. Its two-unit layout and separate living areas support continued residential use and provide a practical configuration for an owner-occupant or multifamily investor.

Key Highlights

• Two‑unit duplex with 2,464 SF of total building area
• Six bedrooms and 2 full bathrooms overall
• Matching layouts with 3 bedrooms in each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,593

Cap Rate

8.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$771,860 $771.9K

Cap Rate 7%

$551,329 $551.3K

Cap Rate 9%

$428,811 $428.8K

Market Conditions

NOI Build-Up for 2,464 SF

Gross rent

$74.8K $30.36/SF

− Vacancy

−$4.6K −$1.88/SF

EGI

$70.2K $28.48/SF

− OpEx

−$31.6K −$12.81/SF

NOI

$38.6K $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%

$771,860

Cap Rate 7%

$551,329

Cap Rate 9%

$428,811

Alternative Uses

Best Use

Multifamily LT 5

$592.5K

$518.4K – $691.2K (±1% cap)

NOI $41,474 @ 7.0% cap · market cap 9.43%

Second Best

Apartment 5plus

$551.3K

$482.4K – $643.2K (±1% cap)

NOI $38,593 @ 7.0% cap · market cap 8.77%

Theoretical Best

Office A

$792.6K

$693.5K – $924.7K (±1% cap)

NOI $55,483 @ 7.0% cap · market cap 12.61%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Cafe & Coffee Shop HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

289

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Both units feature matching layouts with living, dining, kitchen, and bedroom areas.

Where is this duplex located?

The property is located at 12 Hamden, CT.

What is the asking price?

The asking price for this property is $440,000.

What are key features of this property?

This property features: Two‑unit duplex with 2,464 SF of total building area; Six bedrooms and 2 full bathrooms overall; Matching layouts with 3 bedrooms in each unit