Two-Unit Duplex with Basement
For Sale
$440,000
Pending
15-17 Leichtner Dr, East Hartford, CT 06108
Residential duplex with backyard space, lower-level laundry, and municipal water and sewer service.
Property Size2,462 SF
Days on Market57
Property Features for 15-17 Leichtner Dr
General Information
Standard status
Pending
Size
2,462 SF
Property subtype
Multi-Family
Building Details
Year Built
1966
Listing Agency:
eXp Realty
Listed By:
EMMANNUEL Pina (203) 417-3059 (866) 828-3951 · License #RES.0803996
(203) 417-3059
Source:
Yourcthomeguide
Added: Aug 10
Changed: Oct 4
Last Checked: Oct 4 at 10:13AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2462 square feet of residential space on a property built in 1966. The layout includes two units, a backyard, basement storage, and laundry in the lower level. Natural gas service is also in place.
The property is located at 15-17 Leichtner Drive in East Hartford, near Main Street and within a short commute of Hartford. City water and sewer serve the property, providing established municipal infrastructure for the two-unit configuration.
The property is located at 15-17 Leichtner Drive in East Hartford, near Main Street and within a short commute of Hartford. City water and sewer serve the property, providing established municipal infrastructure for the two-unit configuration.
Key Highlights
- Two‑unit duplex with 2462 square feet of residential space
- Built in 1966
- Backyard included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,151
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,020
$723.0K
Cap Rate 7%
$516,443
$516.4K
Cap Rate 9%
$401,678
$401.7K
Market Conditions
NOI Build-Up for 2,462 SF
Gross rent
$54.7K $22.20/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$51.6K $20.98/SF
− OpEx
−$15.5K −$6.29/SF
NOI
$36.2K $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 Rate 5%
$723,020
Cap Rate 7%
$516,443
Cap Rate 9%
$401,678
Alternative Uses
Best Use
Multifamily LT 5
$516.4K
$451.9K – $602.5K
NOI $36,151 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$474.5K
$415.2K – $553.6K
NOI $33,216 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$733.9K
$642.1K – $856.2K
NOI $51,370 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Explore this area
Business Placement
Demographics for 06108, CT
24,201
Population
9,963
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
85%
High-School Grad
8.1 sq mi
ZIP Area
2,988
Density / Sq Mi
$55,766
Median Household Income
$35,801
Median Earnings
$1,161
Median Rent
$218,800
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?
Duplex - Residential duplex with backyard space, lower-level laundry, and municipal water and sewer service.
Where is this duplex located?
The property is located at 15-17 Leichtner Dr East Hartford, CT.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two‑unit duplex with 2462 square feet of residential space; Built in 1966; Backyard included
