Duplex with Detached
For Sale
$550,000
21 Fairfax Ave, West Hartford, CT 06119
Separate gas water heaters and electrical panels serve the two units.
Property Size2,048 SF
Price / SF$268.55
Days on Market16
Property Features for 21 Fairfax Ave
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Amenities
shared washer and dryer
Building Details
Year Built
1955
Buildings
1
Listing Agency:
Oxford Realty
Listed By:
Saumya Mittal (860) 503-4971 (203) 314-4219
(860) 503-4971
Source:
Fairfieldcountycthomesearch
Added: Sep 28
Changed: Oct 11
Last Checked: Oct 12 at 8:31PM
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 Oxford Realty
Investment Insights
Based on property information with market context.
This 2,048-square-foot duplex, built in 1955, has two units with hardwood floors. The upper unit includes an eat-in kitchen with a dishwasher and an enclosed private sunporch. The first-floor unit is occupied on a month-to-month basis; the second-floor unit is vacant. Gas heat, separate gas water heaters, and separate electrical panels serve the building. A shared washer and dryer are located in the basement.
Outdoor features include a long private driveway, a detached two-car garage with an opener, and a deep backyard. The property is near Park Road shops and restaurants, Playhouse on Park, and CTtransit Route 33, which connects to Westfarms and CTfastrak. West Hartford Center, Blue Back Square, and I-84 are also minutes away.
Outdoor features include a long private driveway, a detached two-car garage with an opener, and a deep backyard. The property is near Park Road shops and restaurants, Playhouse on Park, and CTtransit Route 33, which connects to Westfarms and CTfastrak. West Hartford Center, Blue Back Square, and I-84 are also minutes away.
Key Highlights
- 2,048‑square‑foot two‑family property built in 1955
- First‑floor unit is occupied month‑to‑month; second‑floor unit is vacant
- Both units have hardwood floors; upper unit includes an eat‑in kitchen with dishwasher and enclosed sunporch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,072
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,440
$601.4K
Cap Rate 7%
$429,600
$429.6K
Cap Rate 9%
$334,133
$334.1K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$45.5K $22.20/SF
− Vacancy
−$2.5K −$1.22/SF
EGI
$43.0K $20.98/SF
− OpEx
−$12.9K −$6.29/SF
NOI
$30.1K $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%
$601,440
Cap Rate 7%
$429,600
Cap Rate 9%
$334,133
Alternative Uses
Best Use
Multifamily LT 5
$429.6K
$375.9K – $501.2K
NOI $30,072 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$394.7K
$345.4K – $460.5K
NOI $27,630 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$610.5K
$534.2K – $712.2K
NOI $42,732 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
939
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
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?
Duplex - Separate gas water heaters and electrical panels serve the two units.
Where is this duplex located?
The property is located at 21 Fairfax Ave West Hartford, CT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,048‑square‑foot two‑family property built in 1955; First‑floor unit is occupied month‑to‑month; second‑floor unit is vacant; Both units have hardwood floors; upper unit includes an eat‑in kitchen with dishwasher and enclosed sunporch
