Two-Family Residential Income
26 Phelps Street East Hartford, CT 06108
26 Phelps Street, East Hartford, CT, 06108
$235,000
For Sale
$235,000
MULTI_FAMILY - East Hartford, CT
Property Size1,331 SF
Lot Size0.14 Acres
Price / SF$176.56
Days on Market49
Property Features for 26 Phelps Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B-5
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bathroom 1, Bedroom 1, Bedroom 2
- Basement
- Full
- Standard status
- Active
- Size
- 1,331 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5228
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1900
- Architectural style
- Other
Listing Agency
Century 21 AllPoints Realty
(860) 521-0021
1001 Farmington Avenue, Southington, CT
Listed by
Robert Perriello · License #REB.0795076
(860) 935-6588
Added: Jun 1 Checked: Jul 19 at 3:06 pm
MLS# 24180047
Listing URL
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 for-sale two-family property includes two separate one-bedroom, one-bath units. Each unit features a functional eat-in kitchen layout designed for everyday living. The home is offered with off-street parking and natural gas heat. The property is being sold as-is, and the transaction is subject to Probate Court approval.
Located in East Hartford, Connecticut, the property is identified as 26 Phelps Street. The listing indicates convenient access to major commuter routes, along with nearby shopping and employment centers. Zoning is listed as B-5.
The configuration is well-suited to investors seeking a straightforward two-unit rental setup, as well as owner-occupants looking to offset living costs with a second unit. Given the as-is sale terms and Probate Court approval requirement, buyers should complete their due diligence prior to scheduling a showing.
Located in East Hartford, Connecticut, the property is identified as 26 Phelps Street. The listing indicates convenient access to major commuter routes, along with nearby shopping and employment centers. Zoning is listed as B-5.
The configuration is well-suited to investors seeking a straightforward two-unit rental setup, as well as owner-occupants looking to offset living costs with a second unit. Given the as-is sale terms and Probate Court approval requirement, buyers should complete their due diligence prior to scheduling a showing.
Key Highlights
- Two‑family property built in 1900 with two separate one‑bedroom, one‑bath units
- Combined 1,331 sq ft of living space with an eat‑in kitchen layout in each unit
- Off‑street parking available
Local 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 8.32%
Second Best
Apartment 5plus
$256.5K
$224.5K – $299.3K
NOI $17,957 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$396.7K
$347.1K – $462.9K
NOI $27,771 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate one-bedroom, one-bath units with eat-in kitchens, off-street parking, and natural gas heat.
Where is this duplex located?
The property is located at 26 Phelps Street East Hartford, CT.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑family property built in 1900 with two separate one‑bedroom, one‑bath units; Combined 1,331 sq ft of living space with an eat‑in kitchen layout in each unit; Off‑street parking available
