Renovated Duplex with Enclosed
New
For Sale
$685,000
27 Vincent St, West Hartford, CT 06119
Both residences feature updated finishes and enclosed front and rear porches.
Property Size2,576 SF
Price / SF$265.92
Days on Market2
Property Features for 27 Vincent St
General Information
Standard status
Active
Size
2,576 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
enclosed front and back porches
Building Details
Year Built
1929
Year Renovated
2017
Buildings
1
Listing Agency:
Berkshire Hathaway NE Prop.
Listed By:
Rena Miller
(860) 521-8100
Source:
Homesbyshoshana
Added: Sep 1
Last Checked: Sep 2 at 7:21PM
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 Berkshire Hathaway NE Prop.
Investment Insights
Based on property information with market context.
Built in 1929, this 2,576-square-foot duplex offers two residential units with refreshed interiors and practical outdoor extensions. Each unit includes enclosed porches at both the front and rear, along with newly painted surfaces, replastered ceilings, and refinished hardwood flooring. Kitchen renovations and gas on-demand heating systems were completed in 2017.
The property is positioned on a cul-de-sac at 27 Vincent St in West Hartford. Unit 1 is occupied by the owner, while Unit 2 is leased to a tenant, providing an existing two-unit configuration for an owner-occupant or residential income buyer.
The property is positioned on a cul-de-sac at 27 Vincent St in West Hartford. Unit 1 is occupied by the owner, while Unit 2 is leased to a tenant, providing an existing two-unit configuration for an owner-occupant or residential income buyer.
Key Highlights
- 2,576‑square‑foot duplex built in 1929
- Kitchen renovations and gas on‑demand heating systems completed in 2017
- Both units include enclosed front and 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
$37,825
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
5.52%
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%
$756,500
$756.5K
Cap Rate 7%
$540,357
$540.4K
Cap Rate 9%
$420,278
$420.3K
Market Conditions
NOI Build-Up for 2,576 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
$57.2K $22.20/SF
− Vacancy
−$3.2K −$1.22/SF
EGI
$54.0K $20.98/SF
− OpEx
−$16.2K −$6.29/SF
NOI
$37.8K $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%
$756,500
Cap Rate 7%
$540,357
Cap Rate 9%
$420,278
Alternative Uses
Best Use
Multifamily LT 5
$540.4K
$472.8K – $630.4K
NOI $37,825 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$496.5K
$434.4K – $579.2K
NOI $34,754 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$767.8K
$671.9K – $895.8K
NOI $53,748 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,164
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?
Duplex - Both residences feature updated finishes and enclosed front and rear porches.
Where is this duplex located?
The property is located at 27 Vincent St West Hartford, CT.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 2,576‑square‑foot duplex built in 1929; Kitchen renovations and gas on‑demand heating systems completed in 2017; Both units include enclosed front and rear porches
