Three-Family Residential Income
For Sale
$479,900
260-262 Burnside, East Hartford, CT 06108
Well-maintained three-family property with hardwood floors, vinyl windows, upgraded roof, siding, and electrical panels.
Property Size2,488 SF
Price / SF$192.89
Days on Market175
Property Features for 260-262 Burnside
General Information
Standard status
Active
Size
2,488 SF
Total Parking Spaces
8
Property subtype
3 Family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1880
Tenancy
Multi
Listing Agency:
eXp Realty
(866) 828-3951
Listed By:
Michael Truong · License #RES.0794690
(860) 818-2150
Source:
Lockandkeyre
Added: Apr 30
Changed: Oct 21
Last Checked: Oct 20 at 9:30PM
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 eXp Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained three-family residential income building offers three separate units with generous bedrooms and hardwood floors throughout, along with vinyl windows. The property includes major exterior and systems updates, including a roof replacement in 2026, vinyl siding installed in 2021, and electrical breaker panel upgrades. Units are described as having long-term tenants who pay their own utilities.
The property also includes off-street parking improvements, with a 2-car garage plus a 6-car parking lot and wraparound double driveways. Public remarks indicate the building is located close to downtown, restaurants, parks, and a bus line, with convenient access to I-84, I-91, and Rt-2.
Sold as-is, this is a multifamily opportunity suitable for investors or owner-occupants seeking a three-unit structure with documented upgrades and established tenant occupancy.
The property also includes off-street parking improvements, with a 2-car garage plus a 6-car parking lot and wraparound double driveways. Public remarks indicate the building is located close to downtown, restaurants, parks, and a bus line, with convenient access to I-84, I-91, and Rt-2.
Sold as-is, this is a multifamily opportunity suitable for investors or owner-occupants seeking a three-unit structure with documented upgrades and established tenant occupancy.
Key Highlights
- Well‑maintained 3‑family property built in 1880
- Units feature hardwood floors and vinyl windows
- Major upgrades include roof (2026), vinyl siding (2021), and electrical breaker panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,533
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,660
$730.7K
Cap Rate 7%
$521,900
$521.9K
Cap Rate 9%
$405,922
$405.9K
Market Conditions
NOI Build-Up for 2,488 SF
Gross rent
$55.2K $22.20/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$52.2K $20.98/SF
− OpEx
−$15.7K −$6.29/SF
NOI
$36.5K $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%
$730,660
Cap Rate 7%
$521,900
Cap Rate 9%
$405,922
Alternative Uses
Best Use
Multifamily LT 5
$521.9K
$456.7K – $608.9K
NOI $36,533 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$479.5K
$419.6K – $559.4K
NOI $33,566 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$741.6K
$648.9K – $865.2K
NOI $51,912 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
699
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
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-family property with hardwood floors, vinyl windows, upgraded roof, siding, and electrical panels.
Where is this triplex located?
The property is located at 260-262 Burnside East Hartford, CT.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Well‑maintained 3‑family property built in 1880; Units feature hardwood floors and vinyl windows; Major upgrades include roof (2026), vinyl siding (2021), and electrical breaker panels
