Multifamily Property with
140 Adelaide Street, Hartford, CT 06114
For Sale
New
$460,000
Multi-Family For Sale, Units on different Floors, Hartford, CT
Property Size3,048 SF
Lot Size0.28 Acres
Price / SF$150.92
Days on Market3
Property Features for 140 Adelaide Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Exterior features
Basement
Lot features
Elementary school
High school
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Architectural style
Listing Agency:
Century 21 AllPoints Realty · Century 21 Real Estate
(860) 521-0021
Listed By:
Royburt Hinds
(860) 573-4887
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 7 at 11:06PM
MLS# 24217973
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 140 Adelaide Street in Hartford, this multifamily property contains 3,048 square feet and was built in 1910. The room inventory includes five bedrooms, three bathrooms, and a basement. A balcony is among the exterior features, and the building has baseboard heating.
The property occupies a 0.28-acre lot and is zoned N5-3. Public water and public sewer serve the site.
The property occupies a 0.28-acre lot and is zoned N5-3. Public water and public sewer serve the site.
Key Highlights
- 3,048‑square‑foot multifamily property built in 1910
- Five bedrooms, three bathrooms, and a basement
- 0.28‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,122
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,440
$822.4K
Cap Rate 7%
$587,457
$587.5K
Cap Rate 9%
$456,911
$456.9K
Market Conditions
NOI Build-Up for 3,048 SF
Gross rent
$79.4K $26.04/SF
− Vacancy
−$4.6K −$1.51/SF
EGI
$74.8K $24.53/SF
− OpEx
−$33.6K −$11.04/SF
NOI
$41.1K $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%
$822,440
Cap Rate 7%
$587,457
Cap Rate 9%
$456,911
Alternative Uses
Best Use
Apartment 5plus
$587.5K
$514.0K – $685.4K
NOI $41,122 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$908.5K
$795.0K – $1.06M
NOI $63,597 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,436
Businesses Nearby
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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
$228,300
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Hartford, CT
Properties on Market for Multifamily properties in Hartford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property has baseboard heating and connections to public water and sewer.
Where is this multifamily property located?
The property is located at 140 Adelaide Street Hartford, CT.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 3,048‑square‑foot multifamily property built in 1910; Five bedrooms, three bathrooms, and a basement; 0.28‑acre lot
