Two-Family Residential Income
145 Adelaide Street Hartford, CT 06114
145 Adelaide Street, Hartford, CT, 06114
$350,000
For Sale
$350,000
Well-maintained two-family home with separate units and a large fully fenced backyard plus off-street parking.
Property Size1,823 SF
Price / SF$191.99
Days on Market13
Property Features for 145 Adelaide Street
General Information
- Standard status
- Active
- Size
- 1,823 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Realty
(860) 826-9418
Listed by
Theresa Casasanta · License #452508574
(860) 826-9418
Source
Iverty
Added: Jul 9 Updated: Jul 20 at 6:33PM Checked: Jul 21 at 3:25AM
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 well-maintained two-family property offers distinct living arrangements across multiple floors. The first-floor unit features a spacious one-bedroom layout with a living room, dining area, full bathroom, and an oversized eat-in kitchen with brick-style accents. Refinished flooring and carpeting are included throughout. The second-floor unit includes a living room, kitchen, full bathroom, and one bedroom, with two additional generously sized bedrooms on the third floor.
The home includes a large, fully fenced backyard and ample off-street parking. It is described as conveniently located near public transportation, shopping, restaurants, and major highways.
Overall, the property presents a straightforward multifamily configuration with separate unit spaces and outdoor use, supported by maintained interior finishes and off-street parking.
The home includes a large, fully fenced backyard and ample off-street parking. It is described as conveniently located near public transportation, shopping, restaurants, and major highways.
Overall, the property presents a straightforward multifamily configuration with separate unit spaces and outdoor use, supported by maintained interior finishes and off-street parking.
Key Highlights
- Two‑family property in Hartford’s South End, built in 1900
- First‑floor unit: 1 bedroom with living room, dining area, full bath, and oversized eat‑in kitchen
- Second‑floor unit: living room, kitchen, full bath, and 1 bedroom
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.5k | $22.20 |
| − Vacancy | −$2.2k | −$1.22 |
| EGI | $38.2k | $20.98 |
| − OpEx | −$11.5k | −$6.29 |
| NOI | $26.8k | $14.68 |
1,823 SF · lease $22.20/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$382.4K
$334.6K – $446.1K
NOI $26,768 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$351.4K
$307.4K – $409.9K
NOI $24,595 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$543.4K
$475.5K – $634.0K
NOI $38,037 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with separate units and a large fully fenced backyard plus off-street parking.
Where is this duplex located?
The property is located at 145 Adelaide Street Hartford, CT.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑family property in Hartford’s South End, built in 1900; First‑floor unit: 1 bedroom with living room, dining area, full bath, and oversized eat‑in kitchen; Second‑floor unit: living room, kitchen, full bath, and 1 bedroom
