Two-Unit Duplex with
For Sale
$384,000
748 Burnside Avenue, East Hartford, CT 06108
Multi-Family For Sale, Units on different Floors, East Hartford, CT
Property Size2,236 SF
Lot Size0.14 Acres
Price / SF$171.74
Days on Market98
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 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Basement
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
2027
Tax Annual Amount
7207
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
hardwood floors
solar panels
private entrances
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: Sep 21
Last Checked: Sep 24 at 12:06AM
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 two-family property contains 2,236 square feet with two bedrooms and one bathroom in each unit. The residences have separate entrances, hardwood flooring, generously sized living and kitchen areas, and window-unit cooling. Solar panels serve as an additional property feature. A two-car garage and a clean, dry basement provide substantial storage and utility space. The home was built in 1920 and is zoned R-4.
Located at 748 Burnside Avenue in East Hartford, the property sits near the Manchester border and is steps from a bus line. Public water and public sewer serve the site, which encompasses 0.14 acres. Hot-water heating is installed throughout the property.
Located at 748 Burnside Avenue in East Hartford, the property sits near the Manchester border and is steps from a bus line. Public water and public sewer serve the site, which encompasses 0.14 acres. Hot-water heating is installed throughout the property.
Key Highlights
- Two‑family property with 2,236 square feet of building area
- Two bedrooms and one bathroom in each unit
- Separate entrances provide distinct access for both residences
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
8.55%
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 8.55%
Second Best
Apartment 5plus
$431.0K
$377.1K – $502.8K
NOI $30,167 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$666.5K
$583.2K – $777.6K
NOI $46,654 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, hardwood flooring, and a full basement distinguish the two-unit residential layout.
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 $384,000.
What are key features of this property?
This property features: Two‑family property with 2,236 square feet of building area; Two bedrooms and one bathroom in each unit; Separate entrances provide distinct access for both residences
