Updated Triplex with Private
For Sale
$699,900
144 Maplewood Ave, West Hartford, CT 06119
Three residential units each include private laundry and outdoor space.
Property Size3,709 SF
Price / SF$188.70
Days on Market10
Property Features for 144 Maplewood Ave
General Information
Standard status
Active
Size
3,709 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
3
Amenities
in-unit washer and dryer
private decks
private front porches
hardwood flooring
built-ins
Building Details
Year Built
1920
Listing Agency:
Coldwell Banker Realty
(413) 218-5549
Listed By:
Beth A. Hopkins (413) 218-5549 (860) 668-4589
Source:
Ctshorelinehomesforsale
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 30 at 6:12PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This three-unit residential property offers 3,709 square feet across a building constructed in 1920. Each residence includes hardwood flooring, built-in features, in-unit washer and dryer, generous room dimensions, and a private outdoor area. Newly replaced back decks serve all three units, while the first- and second-floor residences also have private front porches.
Located at 144 Maplewood Ave in West Hartford, the property sits in a walkable setting near dining, shopping, parks, and highway connections. The building has an established rental history and regular maintenance history, providing a documented operating background for prospective owners. Its three-family configuration and separate outdoor spaces support continued residential income use.
Located at 144 Maplewood Ave in West Hartford, the property sits in a walkable setting near dining, shopping, parks, and highway connections. The building has an established rental history and regular maintenance history, providing a documented operating background for prospective owners. Its three-family configuration and separate outdoor spaces support continued residential income use.
Key Highlights
- Three‑unit residential property with 3,709 square feet
- Constructed in 1920
- Private in‑unit washer and dryer in all three residences
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
$54,462
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
7.78%
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%
$1,089,240
$1.1M
Cap Rate 7%
$778,029
$778.0K
Cap Rate 9%
$605,133
$605.1K
Market Conditions
NOI Build-Up for 3,709 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
$82.3K $22.20/SF
− Vacancy
−$4.5K −$1.22/SF
EGI
$77.8K $20.98/SF
− OpEx
−$23.3K −$6.29/SF
NOI
$54.5K $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%
$1,089,240
Cap Rate 7%
$778,029
Cap Rate 9%
$605,133
Alternative Uses
Best Use
Multifamily LT 5
$778.0K
$680.8K – $907.7K
NOI $54,462 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$714.8K
$625.5K – $834.0K
NOI $50,039 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$1.11M
$967.4K – $1.29M
NOI $77,388 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,256
Businesses Nearby
Explore this area
Business Placement
Demographics for 06119, CT
14,843
Population
7,206
Households
2.1
Avg Household Size
37
Median Age
68%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
7,068
Density / Sq Mi
$105,522
Median Household Income
$63,122
Median Earnings
$1,646
Median Rent
$361,700
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?
Triplex - Three residential units each include private laundry and outdoor space.
Where is this triplex located?
The property is located at 144 Maplewood Ave West Hartford, CT.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three‑unit residential property with 3,709 square feet; Constructed in 1920; Private in‑unit washer and dryer in all three residences
