Duplex with Off-Street
26 Phelps Pl, East Hartford, CT 06108
For Sale
$215,000
Two separate residences provide eat-in kitchens and natural gas heat for everyday occupancy.
Property Size1,331 SF
Price / SF$161.53
Days on Market101
Property Features for 26 Phelps Pl
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Century 21 AllPoints Realty
Listed By:
Robert Perriello · License #REB.0795076
(860) 935-6588
Source:
Themialeteam
Added: Aug 1
Changed: Oct 25
Last Checked: Oct 7 at 2:58PM
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 Century 21 AllPoints Realty
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Investment Insights
Based on property information with market context.
This two-family duplex at 26 Phelps St includes two separate one-bedroom, one-bath residences totaling 1,331 square feet. Each unit has an eat-in kitchen layout, while the property also provides off-street parking and natural gas heat. Built in 1900, the building offers a straightforward residential income configuration with distinct living spaces.
The property is located in East Hartford, CT 06108, with access to major commuter routes, shopping, and employment centers. It is being sold as-is and requires Probate Court approval. Buyers should complete their own due diligence regarding the property and the approval process.
The property is located in East Hartford, CT 06108, with access to major commuter routes, shopping, and employment centers. It is being sold as-is and requires Probate Court approval. Buyers should complete their own due diligence regarding the property and the approval process.
Key Highlights
- Two separate one‑bedroom, one‑bath units
- 1,331 square feet of combined living area
- Eat‑in kitchen layout in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,544
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,880
$390.9K
Cap Rate 7%
$279,200
$279.2K
Cap Rate 9%
$217,156
$217.2K
Market Conditions
NOI Build-Up for 1,331 SF
Gross rent
$29.5K $22.20/SF
− Vacancy
−$1.6K −$1.22/SF
EGI
$27.9K $20.98/SF
− OpEx
−$8.4K −$6.29/SF
NOI
$19.5K $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%
$390,880
Cap Rate 7%
$279,200
Cap Rate 9%
$217,156
Alternative Uses
Best Use
Multifamily LT 5
$279.2K
$244.3K – $325.7K
NOI $19,544 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$256.5K
$224.5K – $299.3K
NOI $17,957 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$396.7K
$347.1K – $462.9K
NOI $27,771 @ 7.0% cap · market cap 12.92%
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
916
Businesses Nearby
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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
$218,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in East Hartford, CT
Properties on Market for Duplexes in East Hartford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide eat-in kitchens and natural gas heat for everyday occupancy.
Where is this duplex located?
The property is located at 26 Phelps Pl East Hartford, CT.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two separate one‑bedroom, one‑bath units; 1,331 square feet of combined living area; Eat‑in kitchen layout in each unit
