Duplex
49-51 Third St · Hamden, CT
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $829 – $1,539
Heat risk 7/10 · Major
- Hot days now (above 99°F)
- 7 days/yr
- Hot days in 30 yrs
- 17 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 53.0%
Air-quality risk 5/10 · Moderate
- Unhealthy air days now
- 6 days/yr
- Unhealthy air days in 30 yrs
- 8 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +14.6/30.0
- ARV discount +7.9/15.0
- DSCR +4.5/10.0
- 1% rule +4.1/10.0
- Condition / age +3.8/5.0
- Rent growth +3.7/5.0
- Schools +3.3/10.0
- Livability +2.5/5.0
- Appreciation +0.0/10.0
$440,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed
Listing remarks MLS
Welcome to 49 3rd Street in Hamden! A beautifully fully renovated two-family home with a finished basement located in a good neighborhood. This turnkey property offers the perfect opportunity for both owner-occupants or investors. The first-floor unit features 2 spacious bedrooms and 1 full bathroom, highlighted by gleaming hardwood floors and a brand-new modern kitchen with updated finishes. The second-floor unit offers 3 generously sized bedrooms and has been fully remodeled, providing a fresh and comfortable living space. Adding even more value, the home includes a fully finished and renovated basement, ideal for additional living space, recreation, or storage. The property is equipped with a high-efficiency heating system, helping to keep utility costs down. Whether you're looking to live in one unit while generating rental income or expand your investment portfolio with a move-in-ready property, this is an opportunity you don't want to miss. Schedule a showing today!
Key facts
- 3,920 sq ft lot
- 5 parking spots
- Built 1940
Neighborhood map
What this means for you Summary
Snapshot
- This is a 1×2bd/1.0ba + 1×3bd/1.0ba units multifamily listed at $440k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $107 ($1k/yr) — positive. Per door: $53/mo.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $398k (9.5% below list).
- Recommended offer: $398k (9.5% below list) — sets the bar for 1% rule.
Location & tenants
- Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
- Hamden School District (suburban): math 30% / reading 43% proficiency, ranked #106 of 153 in CT (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: Hamden Middle School (math 27% / reading 43%, grade F, #123 of 175 statewide, top 70%, 811 students, 40% FRL); Hamden High School (math 21% / reading 44%, grade F, #125 of 194 statewide, top 66%, 1,672 students, 39% FRL).
- Market conditions: Rents rising fast (+4.6%/yr); 104 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,059 units permitted in South Central Connecticut Planning Region in 2024 (779 in 5+ unit buildings).
- At $3,984/mo this rent would consume 54% of the median local household income ($89k/yr) (locally 1228% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
Negotiation context
- It's been on market 86 days — a 6% lower offer ($414k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $300k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major wind risk, 53% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 86 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 0.91% ✗
- Cap rate
- 6.58%
- Cash-on-cash
- 1.04%
- DSCR
- 1.05
- GRM
- 9.2
CMA / ARV
- ARV (median comp)
- $443,587
- List price
- $440,000
- Delta
- -0.81%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 6 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 325 Fairview Ave | 0.28mi | 3/2.0 (-1) | 1,758 (-7%) | 18mo | $427,000 | $243 | 56 |
| 43 Helen St | 0.21mi | 5/2.5 (+1) | 2,013 (+7%) | 22mo | $385,000 | $191 | 53 |
| 46 George St | 0.26mi | 5/3.0 (+1) | 2,125 (+13%) | 9mo | $475,000 | $224 | 50 |
| 81 W Easton St | 0.50mi | 4/2.0 | 1,666 (-12%) | 10mo | $400,000 | $240 | 49 |
| 253 Goodrich St | 0.70mi | 5/2.0 (+1) | 1,744 (-7%) | 5mo | $300,000 | $172 | 46 |
| 54 Alstrum St | 0.47mi | 4/2.0 | 2,100 (+12%) | 22mo | $400,000 | $190 | 40 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 4.61% rent growth · sell at horizon
- IRR
- -12.8%
- Equity multiple
- 0.53×
- Total profit
- $-57,891
- Equity at exit
- $65,605
- IRR
- -1.5%
- Equity multiple
- 0.89×
- Total profit
- $-13,616
- Equity at exit
- $38,043
Cash invested: $123,200 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 27 Tenant-Leaning
- State Connecticut
- 27 Tenant-Leaning · D+7
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 06514
- Rents YoY
- 4.6%
- Active inventory
- 104
- Price-to-rent
- 19.2×
Monthly cashflow live
- Estimated rent
- $3,984 high interval (Pro) →
- Mortgage (P&I)
- −$2,307
- Tax est. 1.5%
- −$550 /mo · $6,600/yr
- Insurance
- −$183
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$837
- Net cashflow
- $107
Break-even live
Sensitivity live
| Price | -10% $411 | -5% $259 | +0% $107 | +5% $-45 | +10% $-197 |
|---|---|---|---|---|---|
| Rent | -10% $-208 | -5% $-51 | +0% $107 | +5% $264 | +10% $421 |
| Rate | -1.0pp $328 | -0.5pp $219 | base $107 | +0.5pp $-7 | +1.0pp $-123 |
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 1× unit | 2 | 1 | $1,911 |
| 1× unit | 3 | 1 | $2,073 |
| Total (2 units) | $3,984 | ||
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $110,000
- Closing costs
- $13,200
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 34 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1097 Dixwell Ave Hamden, CT | 4.0 | 1.0 | 2005 | $1,750 | $0.87 | 13d | 1 | 0.15mi |
| 161 Fairview Ave #161 Hamden, CT | 3.0 | 1.5 | 1284 | $3,900 | $3.04 | 45d | 1 | 0.23mi |
| 42 Warner St Hamden, CT | 1.0–3.0 | 1.0–1.5 | 1017 | $2,200 | $2.16 | 4d | 5 | 0.50mi |
| 32 Alstrum St #2 Hamden, CT | 3.0 | 1.0 | 1656 | $2,000 | $1.21 | 4d | 1 | 0.51mi |
| 190 Pine Rock Ave Hamden, CT | 1.0–4.0 | 1.0–3.0 | 1850 | $3,895 | $2.11 | 45d | 1 | 0.60mi |
| 38 Grandview Ave Hamden, CT | 3.0 | 1.5 | 1658 | $3,650 | $2.20 | 5d | 1 | 0.77mi |
| 250 Bassett St Unit 2nd New Haven, CT | 3.0 | 1.0 | 1400 | $2,400 | $1.71 | 45d | 1 | 0.81mi |
| 26 Cumley St Hamden, CT | 4.0 | 1.0 | 1746 | $3,500 | $2.00 | 4d | 1 | 0.81mi |
| 248 Bassett St New Haven, CT | 3.0 | 1.0 | 1400 | $2,400 | $1.71 | 45d | 1 | 0.81mi |
| 125 Twin Brook Rd Hamden, CT | 3.0 | 1.0 | 1482 | $2,800 | $1.89 | 45d | 1 | 0.91mi |
| 156 Putnam Ave Hamden, CT | 3.0 | 1.0 | 2304 | $1,800 | $0.78 | 4d | 1 | 0.96mi |
| 53 Lilac Ave Hamden, CT | 3.0 | 1.5 | 1427 | $2,800 | $1.96 | 13d | 1 | 1.03mi |
| 29 Lilac St New Haven, CT | 4.0 | 1.5 | 1600 | $2,650 | $1.66 | 45d | 1 | 1.09mi |
| 27 Lilac St Unit 2 New Haven, CT | 4.0 | 1.5 | 1388 | $2,650 | $1.91 | 13d | 1 | 1.09mi |
| 263 Sheffield Ave Unit 3 New Haven, CT | 4.0 | 1.0 | 1250 | $2,000 | $1.60 | 25d | 1 | 1.14mi |
| 125 Stimson Rd New Haven, CT | 4.0 | 1.0 | 1400 | $3,500 | $2.50 | 25d | 1 | 1.17mi |
| 165 Starr St Unit 2nd Floor New Haven, CT | 4.0 | 1.0 | 2099 | $2,200 | $1.05 | 20d | 1 | 1.21mi |
| 165 Starr St Unit 2nd Floor New Haven, CT | 4.0 | 2.0 | 2099 | $2,150 | $1.02 | 16d | 1 | 1.21mi |
| 75 Stimson Rd New Haven, CT | 4.0 | 1.0 | 1890 | $3,500 | $1.85 | 16d | 1 | 1.22mi |
| 233 Highland St New Haven, CT | 4.0 | 3.5 | 2200 | $3,950 | $1.80 | 45d | 1 | 1.25mi |
| 62 Sheldon Ter Unit 64-3 New Haven, CT | 3.0 | 1.0 | 1382 | $2,095 | $1.52 | 45d | 1 | 1.25mi |
| 1768 Ella T Grasso Blvd New Haven, CT | 4.0 | 2.0 | 2193 | $3,950 | $1.80 | 45d | 1 | 1.27mi |
| 537 Winchester Ave New Haven, CT | 3.0 | 2.0 | 1393 | $2,550 | $1.83 | 45d | 1 | 1.30mi |
| 84 Sheffield Ave Unit 2 New Haven, CT | 3.0 | 2.0 | 1250 | $2,395 | $1.92 | 23d | 1 | 1.31mi |
| 84 Sheffield Ave Unit 1 New Haven, CT | 3.0 | 2.0 | 1250 | $2,495 | $2.00 | 23d | 1 | 1.31mi |
| 517 Winchester Ave Unit 2 New Haven, CT | 4.0 | 1.0 | 1441 | $3,000 | $2.08 | 45d | 1 | 1.32mi |
| 300 Dyer St New Haven, CT | 4.0 | 2.0 | 1350 | $6,500 | $4.81 | 45d | 1 | 1.33mi |
| 70 Shelton Ave Unit 2L New Haven, CT | 3.0 | 1.0 | 1300 | $1,900 | $1.46 | 45d | 1 | 1.35mi |
| 70 Shelton Ave Unit 2L New Haven, CT | 3.0 | 1.0 | 1300 | $1,900 | $1.46 | 20d | 1 | 1.35mi |
| 64 N Lake Dr Unit C2 Hamden, CT | 3.0 | 2.0 | 1475 | $2,800 | $1.90 | 4d | 1 | 1.36mi |
| 83 Division St #2 New Haven, CT | 3.0 | 1.0 | 1400 | $2,195 | $1.57 | 13d | 1 | 1.38mi |
| 151 Fitch St #161 New Haven, CT | 3.0 | 2.0 | 2200 | $2,481 | $1.13 | 45d | 1 | 1.38mi |
| 201 Munson St New Haven, CT | 3.0 | 1.0–2.5 | 941 | $4,718 | $5.01 | 4d | 120 | 1.47mi |
| 432 Norton Pkwy New Haven, CT | 5.0 | 3.0 | 2493 | $4,195 | $1.68 | 45d | 1 | 1.49mi |
Listing history 27 events
-
2026-06-21days on market $440,000 Active 86 DOM
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2026-06-18days on market $440,000 Active 83 DOM
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2026-06-17days on market $440,000 Active 82 DOM
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2026-06-16days on market $440,000 Active 81 DOM
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2026-06-15days on market $440,000 Active 80 DOM
-
2026-06-14days on market $440,000 Active 78 DOM
-
2026-06-13days on market $440,000 Active 77 DOM
-
2026-06-10days on market $440,000 Active 75 DOM
-
2026-06-09days on market $440,000 Active 74 DOM
-
2026-06-09status $440,000 Active 73 DOM
-
2026-06-08days on market $440,000 Under Contract - Continue to Show 73 DOM
-
2026-06-07statusdays on market $440,000 Under Contract - Continue to Show 72 DOM
-
2026-06-05days on market $440,000 Active 69 DOM
-
2026-06-03days on market $440,000 Active 68 DOM
-
2026-06-03days on market $440,000 Active 67 DOM
-
2026-06-01days on market $440,000 Active 66 DOM
-
2026-05-31days on market $440,000 Active 65 DOM
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2026-05-15status Active 986-char remark
Show marketing remark (986 chars)
Welcome to 49 3rd Street in Hamden! A beautifully fully renovated two-family home with a finished basement located in a good neighborhood. This turnkey property offers the perfect opportunity for both owner-occupants or investors. The first-floor unit features 2 spacious bedrooms and 1 full bathroom, highlighted by gleaming hardwood floors and a brand-new modern kitchen with updated finishes. The second-floor unit offers 3 generously sized bedrooms and has been fully remodeled, providing a fresh and comfortable living space. Adding even more value, the home includes a fully finished and renovated basement, ideal for additional living space, recreation, or storage. The property is equipped with a high-efficiency heating system, helping to keep utility costs down. Whether you're looking to live in one unit while generating rental income or expand your investment portfolio with a move-in-ready property, this is an opportunity you don't want to miss. Schedule a showing today!
-
2026-05-04historical Under Contract - Continue to Show 986-char remark
Show marketing remark (986 chars)
Welcome to 49 3rd Street in Hamden! A beautifully fully renovated two-family home with a finished basement located in a good neighborhood. This turnkey property offers the perfect opportunity for both owner-occupants or investors. The first-floor unit features 2 spacious bedrooms and 1 full bathroom, highlighted by gleaming hardwood floors and a brand-new modern kitchen with updated finishes. The second-floor unit offers 3 generously sized bedrooms and has been fully remodeled, providing a fresh and comfortable living space. Adding even more value, the home includes a fully finished and renovated basement, ideal for additional living space, recreation, or storage. The property is equipped with a high-efficiency heating system, helping to keep utility costs down. Whether you're looking to live in one unit while generating rental income or expand your investment portfolio with a move-in-ready property, this is an opportunity you don't want to miss. Schedule a showing today!
-
2026-04-12status Active 986-char remark
Show marketing remark (986 chars)
Welcome to 49 3rd Street in Hamden! A beautifully fully renovated two-family home with a finished basement located in a good neighborhood. This turnkey property offers the perfect opportunity for both owner-occupants or investors. The first-floor unit features 2 spacious bedrooms and 1 full bathroom, highlighted by gleaming hardwood floors and a brand-new modern kitchen with updated finishes. The second-floor unit offers 3 generously sized bedrooms and has been fully remodeled, providing a fresh and comfortable living space. Adding even more value, the home includes a fully finished and renovated basement, ideal for additional living space, recreation, or storage. The property is equipped with a high-efficiency heating system, helping to keep utility costs down. Whether you're looking to live in one unit while generating rental income or expand your investment portfolio with a move-in-ready property, this is an opportunity you don't want to miss. Schedule a showing today!
-
2026-04-02historical Under Contract - Continue to Show 986-char remark
Show marketing remark (986 chars)
Welcome to 49 3rd Street in Hamden! A beautifully fully renovated two-family home with a finished basement located in a good neighborhood. This turnkey property offers the perfect opportunity for both owner-occupants or investors. The first-floor unit features 2 spacious bedrooms and 1 full bathroom, highlighted by gleaming hardwood floors and a brand-new modern kitchen with updated finishes. The second-floor unit offers 3 generously sized bedrooms and has been fully remodeled, providing a fresh and comfortable living space. Adding even more value, the home includes a fully finished and renovated basement, ideal for additional living space, recreation, or storage. The property is equipped with a high-efficiency heating system, helping to keep utility costs down. Whether you're looking to live in one unit while generating rental income or expand your investment portfolio with a move-in-ready property, this is an opportunity you don't want to miss. Schedule a showing today!
-
2026-03-28$450,000 Active 986-char remark
Show marketing remark (986 chars)
Welcome to 49 3rd Street in Hamden! A beautifully fully renovated two-family home with a finished basement located in a good neighborhood. This turnkey property offers the perfect opportunity for both owner-occupants or investors. The first-floor unit features 2 spacious bedrooms and 1 full bathroom, highlighted by gleaming hardwood floors and a brand-new modern kitchen with updated finishes. The second-floor unit offers 3 generously sized bedrooms and has been fully remodeled, providing a fresh and comfortable living space. Adding even more value, the home includes a fully finished and renovated basement, ideal for additional living space, recreation, or storage. The property is equipped with a high-efficiency heating system, helping to keep utility costs down. Whether you're looking to live in one unit while generating rental income or expand your investment portfolio with a move-in-ready property, this is an opportunity you don't want to miss. Schedule a showing today!
-
2026-03-26historical $450,000 986-char remark
Show marketing remark (986 chars)
Welcome to 49 3rd Street in Hamden! A beautifully fully renovated two-family home with a finished basement located in a good neighborhood. This turnkey property offers the perfect opportunity for both owner-occupants or investors. The first-floor unit features 2 spacious bedrooms and 1 full bathroom, highlighted by gleaming hardwood floors and a brand-new modern kitchen with updated finishes. The second-floor unit offers 3 generously sized bedrooms and has been fully remodeled, providing a fresh and comfortable living space. Adding even more value, the home includes a fully finished and renovated basement, ideal for additional living space, recreation, or storage. The property is equipped with a high-efficiency heating system, helping to keep utility costs down. Whether you're looking to live in one unit while generating rental income or expand your investment portfolio with a move-in-ready property, this is an opportunity you don't want to miss. Schedule a showing today!
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2023-10-17status Under Contract 460-char remark
Show marketing remark (460 chars)
Great opportunity to own a two family (and have a rental to help pay the way) within minutes to Southern Connecticut University. 1st floor and second floor units both offer spacious layouts with two generously sized bedrooms, 1 full bathroom, an eat in kitchen and living room area. Perfectly located, easy access to highways, minutes to New Haven and close to shopping and dining. Bring your finishing touches and vision and reap the benefits of sweat equity.
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2023-10-17soldstatus $300,000 Closed 460-char remark
Show marketing remark (460 chars)
Great opportunity to own a two family (and have a rental to help pay the way) within minutes to Southern Connecticut University. 1st floor and second floor units both offer spacious layouts with two generously sized bedrooms, 1 full bathroom, an eat in kitchen and living room area. Perfectly located, easy access to highways, minutes to New Haven and close to shopping and dining. Bring your finishing touches and vision and reap the benefits of sweat equity.
-
2023-07-12historical Under Contract - Continue to Show 460-char remark
Show marketing remark (460 chars)
Great opportunity to own a two family (and have a rental to help pay the way) within minutes to Southern Connecticut University. 1st floor and second floor units both offer spacious layouts with two generously sized bedrooms, 1 full bathroom, an eat in kitchen and living room area. Perfectly located, easy access to highways, minutes to New Haven and close to shopping and dining. Bring your finishing touches and vision and reap the benefits of sweat equity.
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2023-06-30$289,900 Active 460-char remark
Show marketing remark (460 chars)
Great opportunity to own a two family (and have a rental to help pay the way) within minutes to Southern Connecticut University. 1st floor and second floor units both offer spacious layouts with two generously sized bedrooms, 1 full bathroom, an eat in kitchen and living room area. Perfectly located, easy access to highways, minutes to New Haven and close to shopping and dining. Bring your finishing touches and vision and reap the benefits of sweat equity.
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 7/10 Severe 7 d/yr ≥99°F today · 17 d/yr by 30 yrs out
- Wind 6/10 Major 53% chance of damaging wind over 30 yrs
- Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $47,808
- − Mortgage interest
- −$24,647
- − Property taxes
- −$6,600
- − Insurance
- −$2,200
- − Repairs & maintenance
- −$3,825
- − Management
- −$3,825
- − Depreciation
- −$12,800
- Taxable loss
- −$6,088
- Est. tax savings @ 24.0%
- +$1,461
- After-tax cash flow
- $2,741/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 12 photos
A well-maintained, fully renovated two-family home with updated kitchens and bathrooms, located in a good neighborhood.
Value-add opportunities
- Both Paint exterior — Enhances curb appeal and value
- Both Clean gutters — Improves drainage and property value
Renovation cost estimate screening
Value-add ROI direction
- Both Paint exterior — Enhances curb appeal and value ↑
- Both Clean gutters — Improves drainage and property value ↑
ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.
Schools (NCES district)
- District
- Hamden School District
- NCES district ID
- 0901860
- Math proficiency
- 30% ▼ -13.00%
- Reading proficiency
- 43% ▼ -7.00%
- Median HH income
- $68,821
- Composite
- 33.34/100
- National rank
- #5490
- State rank
- #106 of 153 in CT
Livability — Hamden
No livability data for this city. (Only ~50 U.S. cities are tracked.)
Census & demographics
- County
- New Haven County · 688,236 people
- City population
- 61,150
- Metro
- New Haven-Milford, CT
- Population (ZIP)
- 26,803
- Household income
- $88,900
- Rent vs Own
- Severe rent burden
- 1228.0
Population outlook (South Central Connecticut County) Hauer SSP2
- By 2040
- 608,362
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.68)
- Race & ethnicity
- White 43% Black 33% Hispanic / Latino 16% Two or more races 10% Asian 3%
- Hispanic origin (detail)
- Mexican 2% Puerto Rican 7% Dominican 2%
- Common ancestry
- Romanian 5% German 2% Lithuanian 2%
- Foreign-born
- 15% · Canada, Jamaica, China
- Languages at home
- 80% English-only · Spanish 10% Arabic 2% Other Indo-European 1%
Political lean MEDSL · South Central Connecticut
- 2024 margin
- Strong D (+20.1) · D 59.0% · R 38.9% · Other 2.1%
- All cycles
- 2024: D+20.1
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -222.59%
- Current HPI
- 251.556
- Rent YoY
- ▲ 4.61%
- Metro
- New Haven-Milford, CT
- State GDP YoY
- ▲ 1.06%
- F500 in state
- 38
Industry mix (Fortune 500 HQ in CT)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Industrial Machinery | 4 | $38B |
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| Insurance | 3 | $71B |
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| Financial Services | 2 | $25B |
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| Transportation / Logistics | 2 | $18B |
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| Healthcare | 1 | $247B |
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| Telecommunications | 1 | $55B |
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Price history
+55.2% since first listed10 events — show timeline
- 2026-05-15 Relisted — Smart MLS
- 2026-05-04 Contingent — Smart MLS
- 2026-04-12 Relisted — Smart MLS
- 2026-04-02 Contingent — Smart MLS
- 2026-03-28 Listed $450,000 Smart MLS
- 2026-03-26 Coming Soon $450,000 Smart MLS
- 2023-10-17 Pending — Smart MLS
- 2023-10-17 Sold (MLS) $300,000 Smart MLS
- 2023-07-12 Contingent — Smart MLS
- 2023-06-30 Listed $289,900 Smart MLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…