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    164 Birge Park Rd Northwest Harwinton, CT 06791

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    For Sale
    Pending
    $319,900

    Well-maintained two-family home with strong rental history and separate utilities.

    Lot size:
    1.20 Acres

    Property Features for 164 Birge Park Rd Northwest

    General Information

    Property type
    Multi Family
    Standard status
    Pending
    Lot size
    1.20 Acres

    Building Details

    Year built
    1948

    We can help!

    Listing Contact
    Rosemary Jacob
    Source: Elliman

    Listing Agency: Borla & Associates Real Estate Listing Agent: Rosemary Jacob

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

    Learn more

    Overview

    Harwinton Two-Family Home For Sale

    This two-family home is located in Harwinton on Route 4, offering convenient access to major routes. The property is well-maintained and has a history of generating rental income. Each unit features 2 bedrooms and 1 full bath, along with separate utilities including oil-fired furnaces. A two-car attached garage is included, and each unit has its own driveway. The property also includes a full walkout basement for storage and laundry. Situated on a one-acre lot, this property may be suitable for business use. The first floor has been updated with new flooring, a new bathroom, new kitchen counters and sink, new lighting, and fresh paint. The first floor is currently vacant. The second floor, updated a few years ago, is currently rented for $975 per month on a month-to-month basis.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Kitchen & Bath Showroom HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Harwinton
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.06828
    Latitude
    41.78114

    Nearby Similar for Sale

    • $319,900
      Pending

      Harwinton Two-Family Home

      Well-maintained two-unit property with strong rental history on country acre.
      164 Birge Park Rd, Harwinton, CT 06791
      View Details
    • Contact for pricing
      24,597 SF

      Harwinton Sports Complex For Sale

      24,597 SF sports complex with leased restaurant and retail.
      517-525 Burlington Rd, Harwinton, CT 06791
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    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family home with strong rental history and separate utilities.
    Where is this duplex located?
    The property is located at 164 Birge Park Rd Northwest Harwinton, CT.
    What is the asking price?
    The asking price for this property is $319,900.
    What are key features of this property?
    This property features: - Rarely available 2-family home in Harwinton, a unique investment opportunity.; - Strong rental history with potential for business use on a country acre.; - First-floor unit recently updated with **new flooring, bathroom, kitchen counters/sink, lighting, and paint**; vacant and ready for a tenant.
    (857) 526-1525
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    164 Birge Park Rd Northwest Harwinton, CT 06791
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    Harwinton, CT 06791
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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
    164 Birge Park Rd Northwest Harwinton, CT 06791
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    We can help!
    Listing Contact
    Rosemary Jacob
    Real Estate License ID: RES.0784225
    (857) 526-1525 (860) 482-0353
    Learn more
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