Two-Unit Residential Income
26 Phelps Street East Hartford, CT 06108
26 Phelps Street, East Hartford, CT, 06108
$235,000
For Sale
$235,000
Two separate one-bedroom units with off-street parking and natural gas heat, offered as-is for owner-investors.
Property Size1,331 SF
Price / SF$176.56
Days on Market48
Property Features for 26 Phelps Street
General Information
- Standard status
- Active
- Size
- 1,331 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1900
Listing Agency
Century 21 AllPoints Realty
(860) 935-6588
Listed by
Robert Perriello · License #REB.0795076
(860) 935-6588
Source
Lockandkeyre
Added: Jun 1 Checked: Jul 17 at 5:49 am
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
Investment Insights
Based on property information with market context.
This two-family residential property features two separate one-bedroom, one-bath units. Each unit includes a functional eat-in kitchen layout designed for everyday living. The building is configured to support independent tenancy, making it a straightforward rental setup for an owner-occupant or investor. The property is sold as-is.
Located at 26 Phelps Street in East Hartford, the home includes off-street parking. Natural gas heat is in place. The sale is subject to Probate Court approval, and buyers should complete their due diligence accordingly.
With two self-contained units, the property can fit buyers seeking either rental income or a live-in-and-rent option. The practical unit layout and established heating system are useful fundamentals for managing day-to-day residential operations. Prospective purchasers should review the property condition and all documentation during due diligence, as the transaction is conducted as-is and requires Probate Court approval.
Located at 26 Phelps Street in East Hartford, the home includes off-street parking. Natural gas heat is in place. The sale is subject to Probate Court approval, and buyers should complete their due diligence accordingly.
With two self-contained units, the property can fit buyers seeking either rental income or a live-in-and-rent option. The practical unit layout and established heating system are useful fundamentals for managing day-to-day residential operations. Prospective purchasers should review the property condition and all documentation during due diligence, as the transaction is conducted as-is and requires Probate Court approval.
Key Highlights
- Two‑family home (26 Phelps Street) in East Hartford
- Two separate 1‑bedroom, 1‑bath units
- Combined 1,331 SF of living space
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 units with off-street parking and natural gas heat, offered as-is for owner-investors.
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 home (26 Phelps Street) in East Hartford; Two separate 1‑bedroom, 1‑bath units; Combined 1,331 SF of living space
