Duplex with Enclosed
New
For Sale
$549,900
16 Richard Street, West Hartford, CT 06119
Multi-Family For Sale, Units on different Floors, West Hartford, CT
Property Size2,870 SF
Lot Size0.15 Acres
Price / SF$191.60
Days on Market2
Property Features for 16 Richard Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-3R
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bedroom 1, Basement, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2
Parking
4
Patio and Porch features
Porch
Exterior features
Shed,Porch,Gutters
Fireplace
1
Basement
Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Oakwood to Richard St. 16-18 Richard is on the right
Standard status
Active
Size
2,870 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
11269
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s), Ductless
Water source
Public
Amenities
gas fireplaces
enclosed rear porch
fenced backyard
patio
seating area
in-unit laundry
finished walkout lower level with full bath, kitchenette, and additional washer/dryer
split system cooling and dehumidification
window A/C unit
through-wall A/C unit
dog door
enclosed dog run
pull-down stairs to attic storage
Building Details
Year built
1962
Architectural style
Other
Listing Agency:
Vision Real Estate
(860) 673-1125
Listed By:
Byron Dorchester
(860) 420-2000
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 1:06PM
MLS# 24219102
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1962, this 2,870-square-foot duplex contains two apartments on a 0.15-acre lot. Both units have enclosed rear porches. The first-floor apartment includes a full kitchen, in-unit laundry, and a finished walkout lower level with a full bath, kitchenette, and second washer and dryer. Cooling includes a ductless system downstairs, a window unit in the living room, and a through-wall unit in the primary bedroom. The upper apartment has been freshly painted and includes carpet with padding. Pull-down stairs lead to a dry attic with storage space.
The property is served by public water and public sewer and is zoned RM-3R. A new roof was installed in October 2026, the gas water heaters are newer, and the sewer line between the house and street was relined two years ago.
The property is served by public water and public sewer and is zoned RM-3R. A new roof was installed in October 2026, the gas water heaters are newer, and the sewer line between the house and street was relined two years ago.
Key Highlights
- Two apartments with enclosed rear porches
- 2,870 square feet on a 0.15‑acre lot
- First‑floor unit has a finished walkout lower level, full bath, kitchenette, and additional laundry
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
983
Businesses Nearby
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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
$361,700
Median Home Value
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Market
Average Price Trend$/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 - Two apartments offer separate outdoor spaces, while the first-floor unit includes a finished lower level with a kitchenette and full bath.
Where is this duplex located?
The property is located at 16 Richard Street 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 with enclosed rear porches; 2,870 square feet on a 0.15‑acre lot; First‑floor unit has a finished walkout lower level, full bath, kitchenette, and additional laundry
