Triplex with Newly Renovated Third-Floor
For Sale
$445,000
Pending
19-21 Moore Avenue, East Hartford, CT 06108
MULTI_FAMILY - East Hartford, CT
Property Size2,789 SF
Lot Size0.14 Acres
Days on Market92
Property Features for 19-21 Moore Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 3, Bathroom 2, Bedroom 2
Basement
Full
Elementary school
Per Board of Ed
High school
East Hartford
Directions
Burnside to Moore
Subdivision
Burnside
Standard status
Pending
Size
2,789 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7514
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1910
Architectural style
Other
Listing Agency:
Century 21 AllPoints Realty · Century 21 Real Estate
(860) 621-8378
Listed By:
Colette Daye
(860) 805-6919
Added: May 14
Changed: Aug 1
Last Checked: Aug 13 at 7:06AM
MLS# 24175312
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.
Investment Insights
Based on property information with market context.
This triplex at 19-21 Moore Avenue, East Hartford, CT 06108 offers three residential units in an R-4 zoned setting. The home includes a newly renovated third-floor unit, and it is offered “sold as is.” The property totals 2,789 square feet and was built in 1910, providing a classic multi-family structure for a rental-focused buyer.
Public utilities are in place with public water and public sewer service. The layout includes multiple bedrooms and bathrooms across the home, along with a basement.
Lot size is 0.14 acres, making this a compact urban multi-family option in East Hartford suited for buyers seeking a turn within an established rental area.
Public utilities are in place with public water and public sewer service. The layout includes multiple bedrooms and bathrooms across the home, along with a basement.
Lot size is 0.14 acres, making this a compact urban multi-family option in East Hartford suited for buyers seeking a turn within an established rental area.
Key Highlights
- Three‑family triplex at 19‑21 Moore Avenue, East Hartford, CT 06108
- Newly renovated third‑floor unit
- R‑4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,953
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$819,060
$819.1K
Cap Rate 7%
$585,043
$585.0K
Cap Rate 9%
$455,033
$455.0K
Market Conditions
NOI Build-Up for 2,789 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.9K $22.20/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$58.5K $20.98/SF
− OpEx
−$17.6K −$6.29/SF
NOI
$41.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$819,060
Cap Rate 7%
$585,043
Cap Rate 9%
$455,033
Alternative Uses
Best Use
Multifamily LT 5
$585.0K
$511.9K – $682.6K
NOI $40,953 @ 7.0% cap · market cap 9.20%
Second Best
Apartment 5plus
$537.5K
$470.3K – $627.1K
NOI $37,627 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$831.3K
$727.4K – $969.9K
NOI $58,193 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
732
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex in R-4 zoning with a newly renovated third-floor unit and public water and sewer service.
Where is this triplex located?
The property is located at 19-21 Moore Avenue East Hartford, CT.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Three‑family triplex at 19‑21 Moore Avenue, East Hartford, CT 06108; Newly renovated third‑floor unit; R‑4 zoning
