Two-Family Duplex with Solar
For Sale
$409,900
748 Burnside Avenue, East Hartford, CT 06108
MULTI_FAMILY - East Hartford, CT
Property Size2,236 SF
Lot Size0.14 Acres
Price / SF$183.32
Days on Market51
Property Features for 748 Burnside Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 4, Basement, Bedroom 1, Bedroom 3, Bathroom 1
Basement
Full
Elementary school
Per Board of Ed
High school
East Hartford
Directions
Burnside
Subdivision
Burnside
Standard status
Active
Size
2,236 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7003
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
hardwood floors
private entrances
solar panels
basement
Building Details
Year built
1920
Architectural style
Other
Listing Agency:
Premier Properties of CT
(860) 756-0980
Listed By:
Mariella Quintana · License #RES.0811518
(860) 371-4583
Added: Jun 19
Changed: Aug 4
Last Checked: Aug 8 at 10:06AM
MLS# 24183470
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 well-maintained two-family duplex offers separate private entrances for each unit. Interiors feature hardwood floors and generous living and kitchen areas, with two spacious bedrooms and one bathroom per unit. The property also includes a large, clean, dry basement space. Solar panels are installed, and heating is provided by hot water; cooling is via window units.
The home is located at 748 Burnside Avenue in East Hartford, CT 06108, within an R-4 zoning district. The property sits on a 0.14-acre lot and includes a two-car garage. Public water and public sewer services are available.
Built in 1920, the duplex is serviced by hot water heat and supports individual unit access through private entrances, making it workable both as an owner-occupied setup and as a rental configuration.
The home is located at 748 Burnside Avenue in East Hartford, CT 06108, within an R-4 zoning district. The property sits on a 0.14-acre lot and includes a two-car garage. Public water and public sewer services are available.
Built in 1920, the duplex is serviced by hot water heat and supports individual unit access through private entrances, making it workable both as an owner-occupied setup and as a rental configuration.
Key Highlights
- Two‑family duplex with private entrances for each unit
- Solar panels and hardwood floors throughout
- R‑4 zoning on a 0.14‑acre lot
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
$32,833
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
8.01%
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%
$656,660
$656.7K
Cap Rate 7%
$469,043
$469.0K
Cap Rate 9%
$364,811
$364.8K
Market Conditions
NOI Build-Up for 2,236 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
$49.6K $22.20/SF
− Vacancy
−$2.7K −$1.22/SF
EGI
$46.9K $20.98/SF
− OpEx
−$14.1K −$6.29/SF
NOI
$32.8K $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%
$656,660
Cap Rate 7%
$469,043
Cap Rate 9%
$364,811
Alternative Uses
Best Use
Multifamily LT 5
$469.0K
$410.4K – $547.2K
NOI $32,833 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$431.0K
$377.1K – $502.8K
NOI $30,167 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$666.5K
$583.2K – $777.6K
NOI $46,654 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 06108, CT
24,201
Population
9,963
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
85%
High-School Grad
8.1 sq mi
ZIP Area
2,988
Density / Sq Mi
$55,766
Median Household Income
$35,801
Median Earnings
$1,161
Median Rent
$218,800
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 - R-4 zoned two-family duplex with private entrances, hardwood floors, and solar panels, plus a two-car garage and public utilities.
Where is this duplex located?
The property is located at 748 Burnside Avenue East Hartford, CT.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Two‑family duplex with private entrances for each unit; Solar panels and hardwood floors throughout; R‑4 zoning on a 0.14‑acre lot
