Three-Unit Residential Income
15 Warner St, Hartford, CT 06114
For Sale
New
$369,900
Pending
All three units are occupied by month-to-month tenants, with tenants conveying in the sale.
Property Size2,026 SF
Days on Market1
Property Features for 15 Warner St
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Listed By:
Hiram Colon · License CT RES.0807085
(860) 817-0311
Source:
Elliman
Added: Nov 10
Last Checked: Nov 10 at 2:27PM
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 Hiram Colon
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Investment Insights
Based on property information with market context.
This three-unit residential property, built in 1877, is fully occupied. The existing tenants are on month-to-month arrangements and will remain with the property at sale.
The building is on Warner Street in Hartford, near Franklin Avenue and local shopping and dining. Walk Score is 86, Bike Score is 53, and Transit Score is 54.
The building is on Warner Street in Hartford, near Franklin Avenue and local shopping and dining. Walk Score is 86, Bike Score is 53, and Transit Score is 54.
Key Highlights
- Three‑unit property built in 1877
- All units currently occupied by month‑to‑month tenants
- Tenants convey with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,749
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,980
$595.0K
Cap Rate 7%
$424,986
$425.0K
Cap Rate 9%
$330,544
$330.5K
Market Conditions
NOI Build-Up for 2,026 SF
Gross rent
$45.0K $22.20/SF
− Vacancy
−$2.5K −$1.22/SF
EGI
$42.5K $20.98/SF
− OpEx
−$12.7K −$6.29/SF
NOI
$29.7K $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%
$594,980
Cap Rate 7%
$424,986
Cap Rate 9%
$330,544
Alternative Uses
Best Use
Multifamily LT 5
$425.0K
$371.9K – $495.8K
NOI $29,749 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$390.5K
$341.7K – $455.6K
NOI $27,333 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$603.9K
$528.4K – $704.6K
NOI $42,273 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,909
Businesses Nearby
Explore this area
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 Triplexes in Hartford, CT
Properties on Market for Triplexes in Hartford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three units are occupied by month-to-month tenants, with tenants conveying in the sale.
Where is this triplex located?
The property is located at 15 Warner St Hartford, CT.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Three‑unit property built in 1877; All units currently occupied by month‑to‑month tenants; Tenants convey with the sale
