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1158 Dixwell Ave 33 Unit Apartment Building $3,850,000 ($116,667/Unit) 8.66% Cap Rate Hamden, CT 06514
Investment Highlights
- Excellent value add opportunity
- Large footprint on heavily trafficked retail corridor
- Desirable rear parking area
- Strong cash flow from day one
- Separately metered for utilities
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. The retail spaces benefit from excellent street frontage and visibility, making them well suited for a wide range of tenant uses. This corner property has historically been a hub for telecommunication companies servicing the area and is home to an AT&T cellular tower operated by a national firm. 70% of all future telecom rooftop revenue will be contractually allocated to the new owner, creating another highly valuable truly passive income stream.
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 | $3,850,000 | Building Class | C |
| Price Per Unit | $116,667 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 31,824 SF |
| Cap Rate | 8.66% | Average Occupancy | 95% |
| No. Units | 33 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1932/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.79/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | B-1 | ||
| Price | $3,850,000 |
| Price Per Unit | $116,667 |
| Sale Type | Investment |
| Cap Rate | 8.66% |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 31,824 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1932/2024 |
| 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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 20 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
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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