Two-Unit Duplex with Natural Gas
New
For Sale
$215,000
26 Phelps St, East Hartford, CT 06108
Two one-bedroom, one-bath units with eat-in kitchens, off-street parking, and natural gas heat in East Hartford.
Property Size1,331 SF
Price / SF$161.53
Days on Market2
Property Features for 26 Phelps St
General Information
Standard status
Active
Size
1,331 SF
Property subtype
Multi Family
Building Details
Building Size
1,331 SF
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
AllPoints Realty Inc
(860) 935-6588
Listed By:
Robert Perriello · License #REB.0795076
(860) 935-6588
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 4:09AM
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 AllPoints Realty Inc
Investment Insights
Based on property information with market context.
26 Phelps St is a two-unit duplex featuring two separate one-bedroom, one-bath apartments. Each unit includes a functional eat-in kitchen layout designed for everyday living. The property totals 1,331 square feet and is supported by natural gas heat and off-street parking.
Built in 1900, the duplex offers a straightforward residential income configuration for both owner-occupants and investors. The property is being sold as-is and is subject to Probate Court approval.
Walk and bike scores are 52 (somewhat walkable) and 47 (somewhat bikeable), respectively. Prospective buyers are encouraged to perform their due diligence and schedule a showing.
Built in 1900, the duplex offers a straightforward residential income configuration for both owner-occupants and investors. The property is being sold as-is and is subject to Probate Court approval.
Walk and bike scores are 52 (somewhat walkable) and 47 (somewhat bikeable), respectively. Prospective buyers are encouraged to perform their due diligence and schedule a showing.
Key Highlights
- Two separate one‑bedroom, one‑bath units
- Total 1,331 SF with functional eat‑in kitchen layouts
- Natural gas heat
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.5k | $22.20 |
| − Vacancy | −$1.6k | −$1.22 |
| EGI | $27.9k | $20.98 |
| − OpEx | −$8.4k | −$6.29 |
| NOI | $19.5k | $14.68 |
1,331 SF · lease $22.20/SF/yr · vacancy 5.51% · expense 30.00%
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.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
916
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom, one-bath units with eat-in kitchens, off-street parking, and natural gas heat in East Hartford.
Where is this duplex located?
The property is located at 26 Phelps St 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; Total 1,331 SF with functional eat‑in kitchen layouts; Natural gas heat
