Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Federal Hill Two-Unit Property Title is generated by Realmo AI

    309 Queen St, Bristol, CT 06010

    View on Map
    Claim this Listing
    For Sale
    $338,888

    Spacious two-unit property in Federal Hill, ideal for investment.

    Type:Multi Family
    Lot size:
    0.24 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    71
    Last Refresh:
    Mar 25 at 5:53 am

    Property Features for 309 Queen St

    General Information

    Standard status
    Active
    Lot size
    0.24 Acres
    Property subtype
    Multi Family

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    William Tyler

    Listing agent William Tyler

    Listing office

    Listing date Mar 26, 2026

    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 William Tyler

    HighLights

    • Two‑unit property ideal for investment or owner‑occupied.
    • Each unit features two beds and 1 bath.
    • Close proximity to Bristol Health, ESPN, and downtown Bristol.
    • New vinyl siding, trim, seamless gutters, and windows on the 1st floor (November 2025).
    • First floor has oil heat; second floor has gas heat.
    • Year Built: 1900

    Overview

    This is a two-unit property located in Federal Hill, suitable for investment or owner occupancy. Each unit features two bedrooms and one bathroom. The property is situated close to Bristol Health, ESPN, and downtown Bristol. The sale is subject to Probate Approval and is being sold AS IS, Where IS. The interior requires some TLC. New vinyl siding, trim, seamless gutters, and windows are planned for the first floor in November 2025. The first floor is heated by oil, while the second floor uses gas heat. Interested parties are responsible for conducting their own research.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.9339868
    Latitude
    41.6720556

    Nearby Similar for Sale

    • $3,250,000
      14,025 SF

      Medical Office Building Investment Opportunity

      Fully leased medical office building with long-term tenants and garage spaces.
      25 Collins Road, Bristol, CT 06010
      View Details
    • $1,375,000
      3,528 SF

      Bristol Church with Residential Home

      Church and residential property near Bristol amenities and highways.
      517 West Street, Bristol, CT 06010
      View Details
    • $395,900
      5,094 SF

      Bristol Office/Medical Space Available

      Versatile office space, formerly a medical office, near hospital.
      85 Beleden Gardens Drive, Bristol, CT 06010
      View Details
    • $819,900
      8,981 SF

      Versatile Commercial and Residential Property

      Commercial building and remodeled two-family home on one lot.
      159 Park Street, Bristol, CT 06010
      View Details
    • $819,900
      8,981 SF

      Mixed-Use Property in Bristol, CT

      Commercial building and two-family home on a single lot.
      159 Park Street, Bristol, CT 06010
      View Details
    • $1,200,000
      10,976 SF

      Commercial Building with Mixed-Use Potential

      Remodeled commercial building with office, warehouse, apartment, and gym.
      300 Riiverside Avenue, Bristol, CT 06010
      View Details
    • $569,900
      4,095 SF

      Bristol Commercial Building on Farmington

      4095 SF commercial building suitable for retail, office, or restaurant.
      790 Farmington Avenue, Bristol, CT 06010
      View Details
    • $349,900
      1,980 SF

      Two-Family Home in Bristol, CT

      Two-unit residential property with a private yard and garage.
      84 Putnam Street, Bristol, CT 06010
      View Details
    • $449,000
      11,010 SF

      Versatile Commercial Building on High-Traffic Road

      11,010 SF building on 0.62 acres with income potential.
      331 Park St, Bristol, CT 06010
      View Details
    • $499,000
      3,251 SF

      Bristol Multifamily Property For Sale

      Charming multifamily property with income potential in Bristol, CT.
      50 Hillside Place, Bristol, CT 06010
      View Details
    • $2,750,000
      2,687 SF

      Bristol Multifamily Portfolio For Sale

      Five multifamily properties with 22 units in Bristol, Connecticut.
      29 Landry Street, Bristol, CT 06010
      View Details
    • $525,000
      2,895 SF

      Bristol Multifamily Property with Garages

      Three-unit property with garage bays on a large lot.
      305 Redstone Hill Road, Bristol, CT 06010
      View Details

    FAQs

    What type of property is this?
    Duplex - Spacious two-unit property in Federal Hill, ideal for investment.
    Where is this duplex located?
    The property is located at 309 Queen St Bristol, CT.
    What is the asking price?
    The asking price for this property is $338,888.
    What are key features of this property?
    This property features: Two‑unit property ideal for investment or owner‑occupied.; Each unit features two beds and 1 bath.; Close proximity to Bristol Health, ESPN, and downtown Bristol.
    (860) 777-6329
    We can help!
    Listing Contact
    William Tyler
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    309 Queen St, Bristol, CT 06010
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!