Two-Unit Duplex with Enclosed
16 Richard St, West Hartford, CT 06119
For Sale
New
$549,900
Separate apartments include gas fireplaces, while the first-floor unit also offers a finished walkout lower level.
Property Size2,870 SF
Days on Market4
Property Features for 16 Richard St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
gas fireplaces
enclosed rear porch
fenced backyard
patio and seating area
in-unit laundry
split system cooling
window A/C unit
through-wall A/C unit
dog door
enclosed dog run
attic storage
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Vision Real Estate
Listed By:
Byron Dorchester
(860) 420-2000
Source:
Elliman
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 6 at 8:29AM
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 Vision Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1962, this duplex contains two apartments, each with a gas fireplace and an enclosed rear porch. The first-floor unit has a full kitchen, in-unit laundry, and a finished walkout lower level with a full bath, kitchenette, and second washer and dryer. Cooling features include a downstairs split system, a window air conditioner in the living room, and a through-wall unit in the primary bedroom. A dog door connects that bedroom to an enclosed run. The second-floor apartment has fresh paint and carpet with padding. Pull-down stairs lead to a dry attic used for storage.
Outdoor features include a fenced backyard, patio, and seating area. The home has a roof installed in October 2026, newer gas water heaters, and a sewer line relined between the house and street two years ago. Walk Score is 83 and Bike Score is 53.
Outdoor features include a fenced backyard, patio, and seating area. The home has a roof installed in October 2026, newer gas water heaters, and a sewer line relined between the house and street two years ago. Walk Score is 83 and Bike Score is 53.
Key Highlights
- Two apartments, each with a gas fireplace and enclosed rear porch
- First‑floor unit includes a finished walkout lower level with full bath, kitchenette, and laundry
- Fenced backyard with patio and seating area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,142
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,840
$842.8K
Cap Rate 7%
$602,029
$602.0K
Cap Rate 9%
$468,244
$468.2K
Market Conditions
NOI Build-Up for 2,870 SF
Gross rent
$63.7K $22.20/SF
− Vacancy
−$3.5K −$1.22/SF
EGI
$60.2K $20.98/SF
− OpEx
−$18.1K −$6.29/SF
NOI
$42.1K $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%
$842,840
Cap Rate 7%
$602,029
Cap Rate 9%
$468,244
Alternative Uses
Best Use
Multifamily LT 5
$602.0K
$526.8K – $702.4K
NOI $42,142 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$553.1K
$484.0K – $645.3K
NOI $38,720 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$855.5K
$748.5K – $998.1K
NOI $59,883 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
983
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
$361,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Hartford County, CT
Properties on Market for Duplexes in Hartford County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate apartments include gas fireplaces, while the first-floor unit also offers a finished walkout lower level.
Where is this duplex located?
The property is located at 16 Richard St West Hartford, CT.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two apartments, each with a gas fireplace and enclosed rear porch; First‑floor unit includes a finished walkout lower level with full bath, kitchenette, and laundry; Fenced backyard with patio and seating area
