Side-by-Side
New
For Sale
$398,999
15-17 Seventh, Newington, CT 06111
Both residences have central air and gas-fired forced-air heating.
Property Size1,536 SF
Price / SF$259.76
Days on Market7
Property Features for 15-17 Seventh
General Information
Standard status
Active
Size
1,536 SF
Property subtype
2 Family
Building Details
Year Built
1954
Listing Agency:
RE/MAX Precision Realty
(860) 808-2000
Listed By:
Carla Juvencio · License #RES.0783299
(860) 655-2829
Source:
Lockandkeyre
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 28 at 7:50AM
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 RE/MAX Precision Realty
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Investment Insights
Based on property information with market context.
Built in 1954, this residential income property contains two side-by-side units. The 1,536-square-foot building includes central air, natural gas forced-air heating, and a gas water heater. A full basement is partially finished.
The property is at 15-17 Seventh Street in Newington, Connecticut, and is zoned R-7.
The property is at 15-17 Seventh Street in Newington, Connecticut, and is zoned R-7.
Key Highlights
- Two side‑by‑side units
- 1,536 square feet; built in 1954
- R‑7 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,723
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,460
$414.5K
Cap Rate 7%
$296,043
$296.0K
Cap Rate 9%
$230,256
$230.3K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$40.0K $26.04/SF
− Vacancy
−$2.3K −$1.51/SF
EGI
$37.7K $24.53/SF
− OpEx
−$17.0K −$11.04/SF
NOI
$20.7K $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%
$414,460
Cap Rate 7%
$296,043
Cap Rate 9%
$230,256
Alternative Uses
Best Use
Apartment 5plus
$296.0K
$259.0K – $345.4K
NOI $20,723 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.8K
$400.6K – $534.2K
NOI $32,049 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
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Business Placement
Demographics for 06111, CT
30,536
Population
13,334
Households
2.3
Avg Household Size
45
Median Age
40%
College-Educated
92%
High-School Grad
13.0 sq mi
ZIP Area
2,349
Density / Sq Mi
$98,585
Median Household Income
$54,916
Median Earnings
$1,487
Median Rent
$279,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Both residences have central air and gas-fired forced-air heating.
Where is this residential income property located?
The property is located at 15-17 Seventh Newington, CT.
What is the asking price?
The asking price for this property is $398,999.
What are key features of this property?
This property features: Two side‑by‑side units; 1,536 square feet; built in 1954; R‑7 zoning
