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1158 Dixwell Ave 35 Unit Apartment Building $4,750,000 ($135,714/Unit) 7.13% Cap Rate Hamden, CT 06514
INVESTMENT HIGHLIGHTS
- Excellent location on main retail corridor of Hamden, CT
- Major upgrades to include: new boilers & furnaces, extensive improvements to roofing and sewer lines, and cosmetic upgrades to select units
- Rooftop cell tower leases with national providers AT&T and Dish Network on five year leases
- Desirable apartment mix of one-, two-, and three-bedroom units that appeal to a broad tenant base while maximizing space and functionality
- A new owner is positioned to unlock significant rent growth through strategic unit upgrades, capitalizing on in-place rents that remain below market
EXECUTIVE SUMMARY
Baldwin Pearson & Co., Inc. is pleased to present 1158 Dixwell Avenue, Hamden, Connecticut, to the market. This prominent mixed-use property is positioned at a highly visible, heavily trafficked intersection on Dixwell Avenue in Hamden, CT, making it an exceptional opportunity for investors seeking stable income with strong upside potential. The asset consists of 20 residential apartments situated above 13 ground-floor commercial units, creating a well-balanced income stream. In addition, the rooftop is an approved site by two national cell providers, AT&T and Dish Network on five year leases with design drawings approved and finalized and payments expected to begin soon. The retail spaces benefit from excellent street frontage and visibility, making them well suited for a wide range of tenant uses.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,750,000 | Building Class | C |
| Price Per Unit | $135,714 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 31,824 SF |
| Cap Rate | 7.13% | Average Occupancy | 95% |
| No. Units | 35 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1932/1952 |
| Property Subtype | Apartment | Parking Ratio | 0.79/1,000 SF |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | B-1 | ||
| Price | $4,750,000 |
| Price Per Unit | $135,714 |
| Sale Type | Investment |
| Cap Rate | 7.13% |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 31,824 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1932/1952 |
| Parking Ratio | 0.79/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B-1 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Handrails
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Grill
- Wi-Fi
- Maintenance on site
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Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | HAMD-002225-000617 | Total Assessment | $2,014,320 (2025) |
| Land Assessment | $229,950 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,784,370 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
HAMD-002225-000617
Land Assessment
$229,950 (2025)
Improvements Assessment
$1,784,370 (2025)
Total Assessment
$2,014,320 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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1158 Dixwell Ave
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