Brick
New
For Sale
$469,900
Pending
263 Blue Hills Ave, Hartford, CT 06112
Two residences offer separate utilities, three-bedroom layouts, and under-house garage space.
Property Size3,160 SF
Days on Market2
Property Features for 263 Blue Hills Ave
General Information
Standard status
Pending
Size
3,160 SF
Property subtype
Multi Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
3,160 SF
Year Built
1940
Buildings
1
Construction
brick
Listing Agency:
Hudson Home Services LLC
Listed By:
Carlos Hudson · License #REB.0790837
(860) 833-2122
Source:
Elliman
Added: Oct 7
Last Checked: Oct 7 at 2:34PM
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 Hudson Home Services LLC
Investment Insights
Based on property information with market context.
Built in 1940, this brick two-family property contains a spacious residence on each floor. Both units include three bedrooms, large rooms, an eat-in kitchen, and formal living and dining rooms. Each residence has separate utilities and under-house garage space. The second-floor apartment also connects directly to unfinished attic space.
The property is offered in as-is condition. Its two-unit configuration and separate utility setup are central features of the building.
The property is offered in as-is condition. Its two-unit configuration and separate utility setup are central features of the building.
Key Highlights
- Two‑family brick building constructed in 1940
- Two spacious units, each with 3 bedrooms
- Eat‑in kitchen and formal living and dining rooms in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,633
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,660
$852.7K
Cap Rate 7%
$609,043
$609.0K
Cap Rate 9%
$473,700
$473.7K
Market Conditions
NOI Build-Up for 3,160 SF
Gross rent
$82.3K $26.04/SF
− Vacancy
−$4.8K −$1.51/SF
EGI
$77.5K $24.53/SF
− OpEx
−$34.9K −$11.04/SF
NOI
$42.6K $13.49/SF
Area
Hartford, CT
Vacancy
5.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,660
Cap Rate 7%
$609,043
Cap Rate 9%
$473,700
Alternative Uses
Best Use
Multifamily LT 5
$662.9K
$580.0K – $773.4K
NOI $46,401 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$609.0K
$532.9K – $710.6K
NOI $42,633 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$941.9K
$824.2K – $1.10M
NOI $65,933 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 06112, CT
23,189
Population
8,785
Households
2.6
Avg Household Size
32
Median Age
10%
College-Educated
77%
High-School Grad
3.0 sq mi
ZIP Area
7,730
Density / Sq Mi
$47,010
Median Household Income
$29,383
Median Earnings
$1,229
Median Rent
$203,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer separate utilities, three-bedroom layouts, and under-house garage space.
Where is this duplex located?
The property is located at 263 Blue Hills Ave Hartford, CT.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Two‑family brick building constructed in 1940; Two spacious units, each with 3 bedrooms; Eat‑in kitchen and formal living and dining rooms in each unit
