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31246813
31246822

1242 Whitney Ave, Hamden, CT 06517

SP
CT REB.0751704
Press | Cuozzo Realtors
Press | Cuozzo Realtors
Listed by Press | Cuozzo Realtors
$825,000
89 days on market
Updated 87 days ago

1242-1246 Whitney Avenue

Details
Property Type Mixed Use, Retail
Sub Type Storefront
Square Footage 5,058
Net Rentable (SqFt) 5,058
Units 3
Cap Rate 6.45%
NOI $53,204
Occupancy 100%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 7.32%
Pro-Forma NOI $60,400
Price per SqFt $163
Year Built 1900
Buildings 1
Stories 2
Lot Size (SqFt) 0.18
Zoning T3.5
Investment Type Owner/User

Retail/Apartment

Marketing description

Located in the heart of the Whitneyville neighborhood, 1242 Whitney Avenue presents a rare opportunity to acquire a fully occupied, turnkey mixed use investment property with strong in place income. This well-maintained building features two established retail tenants on the ground floor and a fully leased residential apartment on the second floor. The building includes a full basement for ample storage and six paved off street parking spaces-which is a premium in this area. The building is in excellent condition; a new roof was installed in 2023 and new Ac, furnace and HW heater in Soup Girl unit. Strategically located, offering quick access to downtown New Haven. It is just minutes from Yale University, Quinnipiac University, major employment centers, and key transportation routes. The area's mix of local businesses, residential density, and strong community character further enhances the property's appeal.

Investment highlights

Fully occupied property with 2 retail units and 1 residential apartment. Stable income with established tenants.

Listing Contacts

SP
CT REB.0751704
Press | Cuozzo Realtors
Press | Cuozzo Realtors
Listed by Press | Cuozzo Realtors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$53,204.00
$4,433.67/mo

Valuation Metrics

0
DSCR
6.45%
Cap Rate
6.45%
ROI

Map

Zoning

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T3.5 MixedMixed UseGeneral Urban Transect Zone
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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