Updated Duplex with
New
For Sale
$599,000
Pending
24 Bretton Rd, West Hartford, CT 06119
Two-unit property with separate laundry, individual water heaters, and supplemental attic and lower-level storage.
Property Size1,920 SF
Days on Market3
Property Features for 24 Bretton Rd
General Information
Standard status
Pending
Size
1,920 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Building Size
1,920 SF
Year Built
1949
Buildings
1
Listing Agency:
(860) 231-2600
Listed By:
Billie Reese
(860) 231-2600
Source:
Elliman
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 7:42AM
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 Billie Reese
Investment Insights
Based on property information with market context.
Built in 1949, this duplex contains an upstairs unit at 26 and a lower unit at 24. The property features hardwood flooring in the living rooms and bedrooms, while the sunporch has berber carpet. Unit 24 includes bathroom updates and newer kitchen cabinetry and countertops. Its occupants have remained for many years, while unit 26 is the upper-level residence.
Recent property improvements include a newer roof, new windows, and newer furnaces. Each unit has its own washer and dryer, along with an individual hot water heater. Both residences have access to additional lower-level storage, and the attic is reached through a bedroom closet in unit 26, providing further storage capacity.
The property is near restaurants, schools, and neighborhood shops. Walk Score is 28 and Bike Score is 37.
Recent property improvements include a newer roof, new windows, and newer furnaces. Each unit has its own washer and dryer, along with an individual hot water heater. Both residences have access to additional lower-level storage, and the attic is reached through a bedroom closet in unit 26, providing further storage capacity.
The property is near restaurants, schools, and neighborhood shops. Walk Score is 28 and Bike Score is 37.
Key Highlights
- Duplex built in 1949 with units at 24 and 26
- Unit 24 has bathroom updates plus newer kitchen cabinets and countertops
- Newer roof, new windows, and newer furnaces
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
$28,193
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
4.71%
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%
$563,860
$563.9K
Cap Rate 7%
$402,757
$402.8K
Cap Rate 9%
$313,256
$313.3K
Market Conditions
NOI Build-Up for 1,920 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
$42.6K $22.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$40.3K $20.98/SF
− OpEx
−$12.1K −$6.29/SF
NOI
$28.2K $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%
$563,860
Cap Rate 7%
$402,757
Cap Rate 9%
$313,256
Alternative Uses
Best Use
Multifamily LT 5
$402.8K
$352.4K – $469.9K
NOI $28,193 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$370.0K
$323.8K – $431.7K
NOI $25,903 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$572.3K
$500.8K – $667.7K
NOI $40,061 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,773
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate laundry, individual water heaters, and supplemental attic and lower-level storage.
Where is this duplex located?
The property is located at 24 Bretton Rd West Hartford, CT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Duplex built in 1949 with units at 24 and 26; Unit 24 has bathroom updates plus newer kitchen cabinets and countertops; Newer roof, new windows, and newer furnaces
