Renovated Three-Unit
For Sale
$990,900
269 Quaker Ln S, West Hartford, CT 06119
Three residential units provide varied floor plans with multiple front and rear outdoor spaces.
Property Size3,948 SF
Price / SF$250.99
Days on Market83
Property Features for 269 Quaker Ln S
General Information
Standard status
Active
Size
3,948 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$16,073
Amenities
open front porch
back deck
enclosed back porch
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Realty
(860) 305-9109
Listed By:
Dominique Soto · License #RES.0793280
(860) 305-9109
Source:
Exprealty
Added: May 29
Changed: Aug 19
Last Checked: Aug 19 at 10:34AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 3,948 SF triplex contains three residential units with updated interiors and refreshed exterior areas. The first-floor residence includes three bedrooms, two bathrooms, an open front porch, and two rear decks. Two upper-level units each offer two bedrooms, one bathroom, an open front porch, and an enclosed rear porch. Renovated finishes are paired with retained architectural character throughout the building.
Located at 269 Quaker Ln S in West Hartford’s Park Road neighborhood, the property is near restaurants, Hall's Market, and Playhouse on Park. Dining, entertainment, shopping, and community events are described as accessible from the property.
Located at 269 Quaker Ln S in West Hartford’s Park Road neighborhood, the property is near restaurants, Hall's Market, and Playhouse on Park. Dining, entertainment, shopping, and community events are described as accessible from the property.
Key Highlights
- 3,948 SF triplex with 3 residential units
- First‑floor unit has 3 bedrooms, 2 baths, 1 front porch, and 2 rear decks
- Two upper units each include 2 bedrooms, 1 bath, and front and enclosed rear porches
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,971
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,159,420
$1.2M
Cap Rate 7%
$828,157
$828.2K
Cap Rate 9%
$644,122
$644.1K
Market Conditions
NOI Build-Up for 3,948 SF
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.
Gross rent
$87.6K $22.20/SF
− Vacancy
−$4.8K −$1.22/SF
EGI
$82.8K $20.98/SF
− OpEx
−$24.8K −$6.29/SF
NOI
$58.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,159,420
Cap Rate 7%
$828,157
Cap Rate 9%
$644,122
Alternative Uses
Best Use
Multifamily LT 5
$828.2K
$724.6K – $966.2K
NOI $57,971 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$760.9K
$665.8K – $887.7K
NOI $53,264 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,375 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
Explore this area
Business Placement
Demographics for 06119, CT
14,843
Population
7,206
Households
2.1
Avg Household Size
37
Median Age
68%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
7,068
Density / Sq Mi
$105,522
Median Household Income
$63,122
Median Earnings
$1,646
Median Rent
$361,700
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?
Triplex - Three residential units provide varied floor plans with multiple front and rear outdoor spaces.
Where is this triplex located?
The property is located at 269 Quaker Ln S West Hartford, CT.
What is the asking price?
The asking price for this property is $990,900.
What are key features of this property?
This property features: 3,948 SF triplex with 3 residential units; First‑floor unit has 3 bedrooms, 2 baths, 1 front porch, and 2 rear decks; Two upper units each include 2 bedrooms, 1 bath, and front and enclosed rear porches
