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    Three-Family Residential Income Property Title is generated by Realmo AI

    25-27 Baltimore Street, Hartford, CT 06112

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    For Sale
    $399,900

    MULTI_FAMILY - Hartford, CT

    Property size:
    3,026 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $132/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 3:06 am

    Property Features for 25-27 Baltimore Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    N2-2
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 6, Basement, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 3
    Parking
    6
    Patio and Porch features
    Deck
    Exterior features
    Sidewalk,Deck,Covered Deck
    Basement
    Full, Unfinished
    Standard status
    Active
    Size
    3,026 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    5808

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1925
    Architectural style
    Other

    We can help!

    Listing Contact
    Gregory Heineman

    Listing agent Gregory Heineman License #236502958

    Listing office Trend 2000 Real Estate 171 Elm Street, Suffield, CT

    Listing date Jun 3, 2026

    MLS# 24180905 Listing URL

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Well‑maintained 3‑family home built in 1925 with hard‑to‑show units due to tenant schedules
    • Fully rented 3‑family with third unit on verbal agreement and the second floor on lease
    • 3 gas boilers and 3 gas H2O (heating/hot water)
    • Updates include newer electrical, siding, porches, windows, and exterior doors (not all)
    • Hardwood floors
    • Public water and public sewer, plus an off‑street 6‑car parking lot

    Overview

    This well-maintained three-family property includes newer electrical, siding, porches, and many newer windows and exterior doors (not all have been updated per the remarks). The building has hardwood floors and three gas boilers, along with three gas hot water heaters. It is presented as fully rented, with the third unit described as verbal and the second floor having an active lease. Tenants maintain different schedules, which has made showings more difficult.

    The property is located at 25-27 Baltimore Street in Hartford, CT 06112. The site includes an off-street parking lot with capacity for six cars, providing convenient access for residents and visitors. Zoning is listed as N2-2.

    For buyers seeking a stabilized residential income asset, this triplex offers three separate units within a single property and several exterior and building-system updates noted by the seller. The on-site parking supports day-to-day livability, and the mix of an existing lease plus a verbal rental arrangement may be of interest to owner-operators and investors evaluating current income and operations. All offered information should be verified directly with the seller and during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.701721
    Latitude
    41.782707

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    FAQs

    What type of property is this?
    Triplex - Well-maintained three-family building with updated exterior elements and off-street parking.
    Where is this triplex located?
    The property is located at 25-27 Baltimore Street Hartford, CT.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Well‑maintained 3‑family home built in 1925 with hard‑to‑show units due to tenant schedules; Fully rented 3‑family with third unit on verbal agreement and the second floor on lease; 3 gas boilers and 3 gas H2O (heating/hot water)
    (860) 841-1199
    We can help!
    Listing Contact
    Gregory Heineman
    Real Estate License ID: 236502958
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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