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Property Description

Built in 2024, nearly 70% occupied, and projecting a 6% cap rate, 414 Mather Street is the turnkey mixed-use investment opportunity your portfolio has been waiting for. The property features 37 luxury residential units and 2 retail spaces, offering an attractive mixed-use investment in a highly populated and conveniently located area. The residential component includes a desirable mix of one-bedroom, one-bathroom; two-bedroom, one-bathroom; and two-bedroom, two-bathroom residences. Each thoughtfully designed unit features high-end finishes, wide-plank flooring, nine-foot ceilings, recessed lighting, abundant natural light, and a private patio or balcony. The kitchens are appointed with quartz countertops, breakfast bars, stainless steel appliances, and custom cabinetry, while the spacious bedrooms offer generous closet space. Bathrooms feature tile flooring, extended vanities, and subway-tiled tub and shower enclosures. Every residence also includes an in-unit stackable washer and dryer. With strong lease-up activity and nearly 70% occupancy already in place, the property is currently projecting an attractive 6% cap rate. Ideally situated near the Merritt Parkway, Hamden Plaza, shopping, dining, and the Farmington Canal Heritage Trail, 414 Mather St. combines new construction, strong rental appeal, accessibility, and long-term investment potential. This is a rare opportunity to acquire one of Hamden's newest luxury multifamily assets & position your portfolio.

Overview

Property Status
For Sale
Lot Size
1.57 Acres
MLS ID
24195301
Property Type
Commercial
Year Built
2024

Features & Amenities

Total Area
45,552 Sq.Ft.
Stories
4
Water Source
Public Water Connected
Utilities
Electric
Roof
EPDM Synthetic Rubber, Flat
Lot Features
Dry, Level Lot
Heat Type
Heat Pump
Air Conditioning
Central Air
Other Interior Features
Elevator, Fire Suppression System, Living Space Available
Sewer
Public Sewer Connected
Other Exterior Features
Sidewalk, Lighting, Underground Sprinkler
Sales Price
$13,800,000
Real Estate Tax
$110,313/yr
Zoning
T-5

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414 Mather Street

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for your interest in 414 Mather Street, Hamden, Connecticut 06514

414 Mather Street
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414 Mather Street

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