HAMDEN, Conn.— A large mixed-use property along one of Hamden’s busiest commercial corridors has been brought to market, offering investors a combination of stable income and future upside.
Northeast Private Client Group announced it is exclusively marketing 1349 Dixwell Avenue, a 60,687-square-foot property featuring both residential and commercial components.
Located at 1349 Dixwell Avenue, the asset includes 37 apartment units and approximately 33,000 square feet of commercial and industrial space. The property is currently listed at $11.9 million.
Brokers say the investment offers immediate cash flow, with a current cap rate of 8.45% and a projected cap rate of 9.20% based on potential rent adjustments and lease optimization.
The commercial portion of the property is fully leased to a mix of long-term tenants, including First Transit and First Student, along with several local service businesses. Meanwhile, the residential units are occupied by market-rate tenants and have maintained steady occupancy.
Positioned along Dixwell Avenue, a major north-south thoroughfare, the property provides direct connectivity to downtown New Haven as well as surrounding suburban communities. It is located approximately one mile from the Merritt Parkway and near key interstate connections, enhancing accessibility for both residents and commercial tenants.
The asset’s income stream is split between 41% residential and 59% commercial, a structure that brokers say offers diversification and resilience against market fluctuations.
Additional highlights include a strong tenant base, consistent occupancy, and seller financing options, with terms available upon negotiation.
Marketed as a stable, income-producing investment with upside potential, the property is expected to attract interest from investors seeking exposure to both multifamily and commercial sectors in a well-located Connecticut submarket.
