Two-Unit Duplex with Eat-In
New
For Sale
$215,000
26 Phelps Street, East Hartford, CT 06108
MULTI_FAMILY - East Hartford, CT
Property Size1,331 SF
Lot Size0.14 Acres
Price / SF$161.53
Days on Market6
Property Features for 26 Phelps Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B-5
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Basement, Bedroom 1
Basement
Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
GPS Friendly
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 · Century 21 Real Estate
(860) 521-0021
Listed By:
Robert Perriello · License #REB.0795076
(860) 935-6588
Added: Jul 27
Changed: Aug 1
Last Checked: Aug 1 at 10:06AM
MLS# 24194624
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.
26 Phelps Street is a two-family duplex offering two separate one-bedroom, one-bath units. Each unit features an eat-in kitchen layout, along with bedrooms and bathrooms configured for everyday living. The property totals 1,331 square feet and includes off-street parking, with natural gas heat. The home was built in 1900, and it is being sold as-is and is subject to Probate Court approval.
Set on a 0.14-acre lot, the property connects to public water and public sewer. The listing includes a basement and room breakdown reflecting Bedroom 1/Bathroom 1 and Bedroom 2/Bathroom 2.
Zoned B-5, this duplex can be considered for investors and owner-occupants seeking a straightforward two-unit ownership structure in East Hartford, Connecticut.
Set on a 0.14-acre lot, the property connects to public water and public sewer. The listing includes a basement and room breakdown reflecting Bedroom 1/Bathroom 1 and Bedroom 2/Bathroom 2.
Zoned B-5, this duplex can be considered for investors and owner-occupants seeking a straightforward two-unit ownership structure in East Hartford, Connecticut.
Key Highlights
- Two separate one‑bedroom, one‑bath units in a duplex
- 1,331 square feet total with eat‑in kitchen layouts
- Off‑street parking and 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
Property Profile
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 off-street parking and natural gas heat in a duplex.
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 $215,000.
What are key features of this property?
This property features: Two separate one‑bedroom, one‑bath units in a duplex; 1,331 square feet total with eat‑in kitchen layouts; Off‑street parking and natural gas heat
