1349 Dixwell Avenue

Hamden, Connecticut, often called “The Land of the Sleeping Giant,” is a suburban town located just north of New Haven in New Haven County. It blends the feel of a small New England community with the convenience of nearby city life. The town’s landscape is defined by its rolling hills, wooded areas, and the iconic Sleeping Giant Mountain, a popular hiking destination that gives Hamden its nickname. With its mix of residential neighborhoods, parks, and local businesses, Hamden offers a balance between natural beauty and modern living. The town has a rich history dating back to the 18th century when it was first settled as part of New Haven Colony. Over time, it developed into a hub for manufacturing, particularly during the 19th and early 20th centuries, with industries producing metal goods, carriage parts, and other materials. Today, while much of the manufacturing has declined, Hamden retains elements of its historic charm through preserved buildings and landmarks that reflect its growth over the years. Education and community life play a central role in Hamden’s identity. Quinnipiac University, located within the town, brings a vibrant academic and cultural presence, drawing students and visitors from across the country. The town’s public schools and libraries are also well-regarded, supporting a strong sense of community engagement. Hamden’s diverse population contributes to a welcoming atmosphere, where residents enjoy local events, farmers markets, and recreational programs throughout the year. Modern Hamden maintains a reputation as a comfortable and dynamic place to live. Its proximity to New Haven allows residents easy access to major employers, cultural venues, and dining options, while still offering quieter, suburban living. With scenic parks, family-friendly neighborhoods, and a thriving local economy, Hamden continues to evolve while preserving the natural and historical character that defines it.Northeast Private Client Group is proud to exclusively present 1349 Dixwell Avenue in Hamden, Connecticut — a 60,687-square-foot mixed-use investment opportunity offering a compelling balance of residential and commercial income. The property is composed of 37 apartment units and approximately 33,037 square feet of commercial and industrial space, supported by a well-established tenant mix that includes long-term operators serving both the New Haven and Hamden communities. Strategically located just one mile from both the Merritt Parkway and the New Haven city line, 1349 Dixwell Avenue provides investors with an ideal combination of accessibility, visibility, and proven income performance. The residential units maintain steady occupancy with market-rate tenants, while the commercial component is 100% leased by dependable, long-term users including First Transit, First Student, and local service businesses. The property is ideally located along Hamden’s principal north-south artery, Dixwell Avenue, which connects directly to downtown New Haven to the south and the residential suburbs of northern Hamden and Cheshire to the north. This corridor is one of the region’s most active commercial thoroughfares, providing exceptional access, visibility, and daily traffic volume for tenants. The location is only one mile from the Merritt Parkway and one mile from the New Haven border, offering immediate connectivity to Interstates 91 and 95 and the regional transit network. This is an opportunity for immediate cash flow. At the asking price of $11,900,000, 1349 Dixwell Avenue delivers a current cap rate of 8.45%, with a pro-forma cap rate of 9.20% based on modest rent adjustments and continued lease optimization. The property’s diverse income composition — 41% residential and 59% commercial — provides a strong hedge against volatility in any one sector. Seller financing is available, terms negotiable.