Duplex with Finished Basement
For Sale
$449,000
Pending
1262 Silver Ln, East Hartford, CT 06118
Two three-bedroom residences include 1.5 baths and added lower-level space for flexible use.
Property Size2,356 SF
Days on Market55
Property Features for 1262 Silver Ln
General Information
Standard status
Pending
Size
2,356 SF
Property subtype
Multi Family
Building Details
Building Size
2,356 SF
Year Built
1965
Listing Agency:
Carl Guild & Associates
Listed By:
Carl J. Guild · License #REB.0791933
(860) 813-2275
Source:
Elliman
Added: Aug 26
Changed: Oct 11
Last Checked: Oct 16 at 10:57AM
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 Carl Guild & Associates
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Investment Insights
Based on property information with market context.
Built in 1965, this duplex contains two residential units, each configured with three bedrooms and 1.5 baths. The property also includes finished basement space, providing additional interior area beyond the primary living spaces.
Located at 1262 Silver Ln in East Hartford, the property is near shopping, dining, highways, and other amenities. Walk Score is 0, indicating a car-dependent setting, while Bike Score is 31, classified as somewhat bikeable.
Located at 1262 Silver Ln in East Hartford, the property is near shopping, dining, highways, and other amenities. Walk Score is 0, indicating a car-dependent setting, while Bike Score is 31, classified as somewhat bikeable.
Key Highlights
- Two‑unit duplex with a three‑bedroom, 1.5‑bath layout in each unit
- Finished basement space adds usable interior area
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,595
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,900
$691.9K
Cap Rate 7%
$494,214
$494.2K
Cap Rate 9%
$384,389
$384.4K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$52.3K $22.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$49.4K $20.98/SF
− OpEx
−$14.8K −$6.29/SF
NOI
$34.6K $14.68/SF
Area
Hartford, CT
Vacancy
5.51%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,900
Cap Rate 7%
$494,214
Cap Rate 9%
$384,389
Alternative Uses
Best Use
Multifamily LT 5
$494.2K
$432.4K – $576.6K
NOI $34,595 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$454.1K
$397.3K – $529.8K
NOI $31,786 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$702.3K
$614.5K – $819.3K
NOI $49,158 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 06118, CT
26,844
Population
11,656
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,712
Density / Sq Mi
$75,523
Median Household Income
$40,595
Median Earnings
$1,259
Median Rent
$213,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences include 1.5 baths and added lower-level space for flexible use.
Where is this duplex located?
The property is located at 1262 Silver Ln East Hartford, CT.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two‑unit duplex with a three‑bedroom, 1.5‑bath layout in each unit; Finished basement space adds usable interior area; Built in 1965
