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    Baltic Three-Family Investment Opportunity Title is generated by Realmo AI

    12 W Main St, Sprague, CT 06330

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    For Sale
    $189,925

    Three-family property in Baltic, CT, offering renovation and income potential.

    Type:Multi Family
    Lot size:
    0.48 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    183
    Last Refresh:
    May 10 at 10:40 pm

    Property Features for 12 W Main St

    General Information

    Standard status
    Active
    Lot size
    0.48 Acres
    Property subtype
    Multi Family

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Maria Pirulli
    Maria Pirulli

    Listing agent Maria Pirulli License #RES0821174

    Listing office Five Stars Realty

    Listing date Nov 27, 2025

    Source Elliman

    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 Five Stars Realty

    HighLights

    • Three‑family property offering potential for rental income or owner‑occupancy.
    • Located in a desirable neighborhood with convenient access to local shops, restaurants, and parks.
    • Easy access to major highways for convenient commuting.
    • Spacious living areas in each unit with ample natural light.
    • Presents a renovation opportunity to add value and customize to taste.
    • Located near Baltic's downtown area with quaint boutiques and cafes.

    Overview

    Located at 12 W Main Street in Baltic, CT, this three-family property presents an investment opportunity. The property requires renovations, offering potential for adding value and maximizing returns. Each unit features spacious living areas with ample natural light. The property is situated in a desirable neighborhood with access to local shops, restaurants, and parks. Major highways are located nearby, facilitating commuting. The location provides access to Baltic's downtown area, featuring boutiques and cafes, as well as recreational areas and trails. This multi-family property offers income-generating potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Gym & Fitness Center HVAC Service Furniture & Home Goods Electrical Service Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sprague
    County
    New London
    State
    Connecticut
    Longitude
    -72.0855
    Latitude
    41.6166

    Nearby Similar for Sale

    • $220,000

      Townhouse-Style Two-Family Renovation Opportunity

      Two-family property for renovation; ideal for investors or contractors.
      148 Main St, Sprague, CT 06330
      View Details
    • $275,000
      2,376 SF

      Well-Maintained Two-Family Home

      Two-family home near park, ideal for owners or investors.
      71 River Street, Sprague, CT 06330
      View Details
    • $220,000
      2,376 SF

      Townhouse-Style Two-Family Property

      Two-family property needing renovation, ideal for investors or contractors.
      148 Main Street, Sprague, CT 06330
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-family property in Baltic, CT, offering renovation and income potential.
    Where is this triplex located?
    The property is located at 12 W Main St Sprague, CT.
    What is the asking price?
    The asking price for this property is $189,925.
    What are key features of this property?
    This property features: Three‑family property offering potential for rental income or owner‑occupancy.; Located in a desirable neighborhood with convenient access to local shops, restaurants, and parks.; Easy access to major highways for convenient commuting.
    (860) 306-0010
    We can help!
    Listing Contact
    Maria Pirulli
    Maria Pirulli
    Real Estate License ID: RES0821174
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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