233, 241, 265, 273, 281 Park Road

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Address: 281 Park Rd 265 273, Hamden, CT 06517, USA
New York & Tri-State + Apartment Buildings
Created date: August 17, 2026
Date last updated: November 10, 2026
Price: $2,300,000Investment Analyzer NEW!
  • Rents Below Market
  • Proven Upside
  • All Two-Bedroom Units
  • $115,000 Per Unit
  • Minutes from New Haven
  • Interstate Access

Property Description

Northeast Private Client Group, Inc. is pleased to present Park Ridge Condos (the "Property"), a 20-unit multifamily portfolio at 233–281 Park Road in Hamden, Connecticut, held across five brick buildings just off Whitney Avenue near the New Haven line and East Rock neighborhood. The Property represents a partial share of a condominium association. Each condo share consists of one 4-family building. The Property consists of 20 out of the total 56 units in the complex. The portfolio comprises five two-story brick buildings, each holding four two-bedroom apartments for 20 units in all, built in 1955. Heat is gas forced air (tenant paid). Water and sewer are separately metered for all units, but are being paid by the landlord. There is ample off-street parking, and 12 out of the 20 units have garages. Every unit has a washer/dryer hookup available in the basement. The owner is responsible for all interiors and exteriors (roof, windows, etc.) of the condo units. All utilities are the responsibility of the condo owner or tenant. The condo association is responsible for landscaping/snow plowing and parking lot/driveway maintenance. The association also pays the taxes on the land, and the owner pays the taxes on the improvements (the building). This is a value-add opportunity. Current in-place rents average $1,529, and the current high rent is $1,900. Even with a modest projection of $1,750 per unit, there is significant upside. Current ownership has owned the Property since 2021. Since then, they have renovated or partially renovated 8 units. Park Ridge Condos offers a value-add portfolio with a clear runway to bring below-market rents up toward what the asset already achieves, in one of Greater New Haven's most durable rental submarkets. Please reach out to the deal contacts for more information.
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Broker Details

Jeff Wright
Jeff Wright

Northeast Private Client Group 203-307-1581

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,300,000
No. of Units: 20
Year Built: 1955
Opportunity Zone: No
Price per unit: $115,000
Property Website Click Here
Address: 233, 241, 265, 273, 281 Park Road, Hamden, CT 06517, USA
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