Multifamily with Finished First-Floor
57 Phelps Street East Hartford, CT 06108
57 Phelps Street, East Hartford, CT, 06108
$264,900
Pending
For Sale
$264,900
Pending
MULTI_FAMILY - East Hartford, CT
Property Size1,678 SF
Lot Size0.11 Acres
Days on Market25
Property Features for 57 Phelps Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-4
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 3, Basement, Bathroom 2, Bedroom 2
- Parking
- 2
- Basement
- Partial, Unfinished
- Standard status
- Pending
- Size
- 1,678 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5255
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1850
- Architectural style
- Other
Listing Agency
Better Homes and Gardens Real Estate Executive Real Estate
(860) 633-8800
17 School St, Glastonbury, CT
Listed by
Daniel Alvarado · License #RES.0787079
(860) 593-6635
Added: Jun 24 Checked: Jul 18 at 9:06 pm
MLS# 24186480
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.
Investment Insights
Based on property information with market context.
This for-sale multifamily property includes a finished 1st floor apartment. The listing indicates the home is well prepared and move-in ready, supported by the “beautifully finished” remark.
The property is located at 57 Phelps Street in East Hartford, Connecticut 06108, within Hartford County. Zoning is listed as R-4.
Additional provided details include an approximate lot size of 0.11 acres and a property size of 1,678 square feet.
The property is located at 57 Phelps Street in East Hartford, Connecticut 06108, within Hartford County. Zoning is listed as R-4.
Additional provided details include an approximate lot size of 0.11 acres and a property size of 1,678 square feet.
Key Highlights
- Year built: 1850
- Heating: hot water
- Public water supply
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.7k | $26.04 |
| − Vacancy | −$2.5k | −$1.51 |
| EGI | $41.2k | $24.53 |
| − OpEx | −$18.5k | −$11.04 |
| NOI | $22.6k | $13.49 |
1,678 SF · lease $26.04/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$323.4K
$283.0K – $377.3K
NOI $22,638 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$500.2K
$437.7K – $583.5K
NOI $35,012 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - For sale multifamily property featuring a first-floor apartment at 57 Phelps Street in East Hartford, CT.
Where is this multifamily property located?
The property is located at 57 Phelps Street East Hartford, CT.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Year built: 1850; Heating: hot water; Public water supply
