Side-by-Side
For Sale
Under Contract
$325,900
54-56 E Harold Street, Hartford, CT 06112
Multi-Family For Sale, Units are Side-by-Side, Hartford, CT
Property Size1,664 SF
Lot Size0.15 Acres
Price / SF$195.85
Days on Market42
Property Features for 54-56 E Harold Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
N4-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Basement
Parking
2
Basement
Partial
Lot features
City Views
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Coventry Street turn right on E. Harold street
Subdivision
Blue Hills
Standard status
Active Under Contract
Size
1,664 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
4424
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1942
Architectural style
Other
Listing Agency:
Vylla Home (CT) LLC
(860) 983-6956
Listed By:
Georgette Ruffin · License #RES.0767534
(860) 997-1760
Added: Jul 29
Changed: Sep 7
Last Checked: Sep 8 at 11:06AM
MLS# 24195028
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.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 1,664 square feet on a 0.15-acre lot and was built in 1942. The property includes two residential units, two bathrooms, a basement, and baseboard heating. A roof installed two years ago is the primary recent improvement, while the balance of the property is offered in as-is condition.
Public water and public sewer serve the property, which is zoned N4-2. One unit is occupied by a tenant, and showings require at least 24 hours’ notice. The Hartford property is being offered for sale as a two-family residential asset.
Public water and public sewer serve the property, which is zoned N4-2. One unit is occupied by a tenant, and showings require at least 24 hours’ notice. The Hartford property is being offered for sale as a two-family residential asset.
Key Highlights
- Side‑by‑side duplex with two residential units
- 1,664 square feet on a 0.15‑acre lot
- Roof is two years old
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,434
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,680
$488.7K
Cap Rate 7%
$349,057
$349.1K
Cap Rate 9%
$271,489
$271.5K
Market Conditions
NOI Build-Up for 1,664 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.9K $22.20/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$34.9K $20.98/SF
− OpEx
−$10.5K −$6.29/SF
NOI
$24.4K $14.68/SF
Area
Hartford, CT
Vacancy
5.51%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,680
Cap Rate 7%
$349,057
Cap Rate 9%
$271,489
Alternative Uses
Best Use
Multifamily LT 5
$349.1K
$305.4K – $407.2K
NOI $24,434 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$320.7K
$280.6K – $374.2K
NOI $22,450 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$496.0K
$434.0K – $578.7K
NOI $34,719 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Explore this area
Business Placement
Demographics for 06112, CT
23,189
Population
8,785
Households
2.6
Avg Household Size
32
Median Age
10%
College-Educated
77%
High-School Grad
3.0 sq mi
ZIP Area
7,730
Density / Sq Mi
$47,010
Median Household Income
$29,383
Median Earnings
$1,229
Median Rent
$203,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with an updated roof, public utilities, and one currently tenant-occupied unit.
Where is this duplex located?
The property is located at 54-56 E Harold Street Hartford, CT.
What is the asking price?
The asking price for this property is $325,900.
What are key features of this property?
This property features: Side‑by‑side duplex with two residential units; 1,664 square feet on a 0.15‑acre lot; Roof is two years old
