Two-Family Home with Solar
For Sale
$299,900
13 Warner Street, Hartford, CT 06114
Two residential units offer distinct layouts, updated heating equipment, and solar power serving one unit.
Property Size1,843 SF
Price / SF$162.72
Days on Market88
Property Features for 13 Warner Street
General Information
Standard status
Active
Size
1,843 SF
Property subtype
2 Family
Building Details
Year Built
1880
Listing Agency:
New Door Realty
Listed By:
Crystal Savvis
(860) 874-5466
Source:
Lockandkeyre
Added: Jun 8
Changed: Aug 30
Last Checked: Aug 31 at 3:26PM
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 New Door Realty
Investment Insights
Based on property information with market context.
This two-family residential property contains two separate units with different bedroom configurations. The first unit has two bedrooms and one full bathroom, while the second includes three bedrooms and one full bathroom. Both units have living areas and kitchens arranged for everyday residential use, with storage and closet space noted in the larger unit.
New furnaces were installed for each unit. Solar panels serve one of the units. The property was built in 1880 and is located at 13 Warner Street in Hartford, Connecticut.
New furnaces were installed for each unit. Solar panels serve one of the units. The property was built in 1880 and is located at 13 Warner Street in Hartford, Connecticut.
Key Highlights
- Two‑family property with one 2‑bedroom unit and one 3‑bedroom unit
- Each unit includes 1 full bathroom
- New furnaces installed for both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,062
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$541,240
$541.2K
Cap Rate 7%
$386,600
$386.6K
Cap Rate 9%
$300,689
$300.7K
Market Conditions
NOI Build-Up for 1,843 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.9K $22.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$38.7K $20.98/SF
− OpEx
−$11.6K −$6.29/SF
NOI
$27.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$541,240
Cap Rate 7%
$386,600
Cap Rate 9%
$300,689
Alternative Uses
Best Use
Multifamily LT 5
$386.6K
$338.3K – $451.0K
NOI $27,062 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$355.2K
$310.8K – $414.4K
NOI $24,865 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$549.3K
$480.7K – $640.9K
NOI $38,454 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,909
Businesses Nearby
Explore this area
Business Placement
Demographics for 06114, CT
26,257
Population
11,206
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
4.0 sq mi
ZIP Area
6,564
Density / Sq Mi
$47,905
Median Household Income
$31,996
Median Earnings
$1,296
Median Rent
$228,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts, updated heating equipment, and solar power serving one unit.
Where is this duplex located?
The property is located at 13 Warner Street Hartford, CT.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑family property with one 2‑bedroom unit and one 3‑bedroom unit; Each unit includes 1 full bathroom; New furnaces installed for both units
