Triplex with Hot-Air
For Sale
$449,999
11 Bidwell Avenue, East Hartford, CT 06108
Residential income property with R-4 zoning and a three-unit configuration.
Property Size2,980 SF
Price / SF$151.01
Days on Market225
Property Features for 11 Bidwell Avenue
General Information
Standard status
Active
Size
2,980 SF
Property subtype
Multi-Family / 3 Family
Zoning
R-4
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$8,906
Amenities
No
Hot Air
17
Not Applicable
Building Details
Year Built
1910
Listing Agency:
A Vo Real Estate
(203) 537-5572
Listed By:
Antoine Vo · License #REB.0756792
(203) 537-5572
Source:
Compass
Added: Jan 18
Changed: Aug 30
Last Checked: Aug 30 at 11:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of A Vo Real Estate
Investment Insights
Based on property information with market context.
This triplex offers 2,980 square feet within a three-unit residential configuration. The property was built in 1910 and includes hot-air heating.
Located at 11 Bidwell Avenue in East Hartford, Connecticut, the property carries R-4 zoning. Its established residential format provides a straightforward multifamily asset profile.
Located at 11 Bidwell Avenue in East Hartford, Connecticut, the property carries R-4 zoning. Its established residential format provides a straightforward multifamily asset profile.
Key Highlights
- 2,980‑square‑foot triplex
- Three‑unit residential configuration
- R‑4 zoning
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
$40,204
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
8.93%
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%
$804,080
$804.1K
Cap Rate 7%
$574,343
$574.3K
Cap Rate 9%
$446,711
$446.7K
Market Conditions
NOI Build-Up for 2,980 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
$77.6K $26.04/SF
− Vacancy
−$4.5K −$1.51/SF
EGI
$73.1K $24.53/SF
− OpEx
−$32.9K −$11.04/SF
NOI
$40.2K $13.49/SF
Area
Hartford, CT
Vacancy
5.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$804,080
Cap Rate 7%
$574,343
Cap Rate 9%
$446,711
Alternative Uses
Best Use
Multifamily LT 5
$625.1K
$547.0K – $729.3K
NOI $43,758 @ 7.0% cap · market cap 9.72%
Second Best
Apartment 5plus
$574.3K
$502.6K – $670.1K
NOI $40,204 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$888.3K
$777.2K – $1.04M
NOI $62,178 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
707
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Residential income property with R-4 zoning and a three-unit configuration.
Where is this triplex located?
The property is located at 11 Bidwell Avenue East Hartford, CT.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: 2,980‑square‑foot triplex; Three‑unit residential configuration; R‑4 zoning
