Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2247 So. Glastonbury, CT 06033

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,600 /Mo

    One-bedroom apartment in historic district, walk to everything!

    Lot size:
    0.05 Acres

    Property Features for 2247 So.

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1800

    We can help!

    Listing Contact
    Linda Muraski
    Source: Elliman

    Listing Agent: Linda Muraski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Charming Downtown Glastonbury Apartment

    This charming one-bedroom apartment is located on the second floor of a historic four-family home in downtown Glastonbury's historic district. The apartment features hardwood flooring, built-in features, and a decorative fireplace. A three-season sun porch is also included. The property is located directly behind the trail head to the river front park, recreational fields, basketball hoop, boathouse, and community center. Restaurants, the library, coffee shops and shopping are all within walking distance.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Glastonbury
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5377
    Latitude
    41.7043

    Nearby Similar for Lease

    • $25 SF/Yr
      31,000 SF

      Glastonbury Commercial Office Space Available

      High-quality commercial office space for lease in Glastonbury, CT.
      628 Hebron Ave, Glastonbury, CT 06033
      View Details
    • $1,750 /Mo
      700 SF

      Glastonbury Office Space For Lease

      Two-room office suite in downtown Glastonbury, private entrance and bathroom.
      2239 Main St, Glastonbury, CT 06033
      View Details
    • $26 SF/Yr
      7,048 SF

      Glastonbury Commercial Building For Lease

      7,048 SF commercial building with updated interior and ample parking.
      232 Williams St East, Glastonbury, CT 06033
      View Details
    • $2,125 /Mo

      Grand Victorian Townhouse Style Apartment

      Well-maintained townhouse near Main Street, shops, and restaurants.
      48 Pratt St, Glastonbury, CT 06033
      View Details
    • $18 SF/Yr
      12,000 SF

      Glastonbury Office and Warehouse Space

      Office and warehouse space with easy highway access and parking.
      43 Western Blvd, Glastonbury, CT 06033
      View Details
    • $1,775 /Mo

      Charming Apartment on Main Street

      One-bedroom apartment in Downtown Glastonbury near shops and restaurants.
      2239 Main St, Glastonbury, CT 06033
      View Details
    • $700 /Mo
      87 SF

      Glastonbury Office Space For Rent

      Prime office space in Glastonbury, near major retailers and Route 2.
      381 Hubbard St, Glastonbury, CT 06033
      View Details
    • $23 SF/Yr
      10,000 SF

      Glastonbury Executive Office Space

      Prestigious CT Office, 10,000 SF
      2640 Main St, Glastonbury, CT 06033
      View Details
    • Contact for pricing
      4,500 SF

      Glastonbury Restaurant Sublease Opportunity

      Large Restaurant Space - No Kitchen. Prime Location.
      0 Main St, Glastonbury, CT 06033
      View Details
    • $26 SF/Yr
      41,224 SF

      Glastonbury Office Space Available

      Class A Office, 7,500-20,612 SF
      45 Glastonbury Blvd, Glastonbury, CT 06033
      View Details
    • $2,750 /Mo
      1,176 SF

      Versatile Commercial Space Near Turnpike

      Adaptable 1,200 SF commercial space near Route 2 and Glastonbury.
      255 Williams St, Glastonbury, CT 06033
      View Details
    • $1,950 /Mo
      1,396 SF

      Glastonbury Office Space For Lease

      Office space for lease in Glastonbury, Connecticut with private entrance.
      969 Hebron Ave, Glastonbury, CT 06033
      View Details

    FAQs

    What type of property is this?
    Quadplex - One-bedroom apartment in historic district, walk to everything!
    Where is this quadplex located?
    The property is located at 2247 So. Glastonbury, CT.
    What are key features of this property?
    This property features: - Prime downtown Glastonbury location in the historic district, walking distance to restaurants, library, coffee shops, and shopping.; - Direct access to the riverfront park with trails, recreational fields, and a boathouse.; - Charming one-bedroom apartment in a historic 4-family home.
    (860) 918-4066
    Request Owner's contact information
    2247 So. Glastonbury, CT 06033
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2247 So.
    Glastonbury, CT 06033
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2247 So. Glastonbury, CT 06033
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Linda Muraski
    Real Estate License ID: REB.0755149
    (860) 918-4066
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.