Two-Family Residential
For Sale
$549,000
Pending
29 Englewood Avenue, West Hartford, CT 06110
Two-family structure offered for sale, presented with access to the basement and first floor for showings.
Property Size2,154 SF
Days on Market68
Property Features for 29 Englewood Avenue
General Information
Standard status
Pending
Size
2,154 SF
Property subtype
2 Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1927
Listing Agency:
Better Homes and Gardens Real Estate Executive Real Estate
Listed By:
Daniel Alvarado · License #RES.0787079
(860) 593-6635
Source:
Lockandkeyre
Added: Jul 1
Changed: Aug 8
Last Checked: Jul 23 at 5:13AM
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 Better Homes and Gardens Real Estate Executive Real Estate
Investment Insights
Based on property information with market context.
This two-family residential income property is offered for sale and described as having “good bones.” The listing indicates that showings will be limited to the basement and the first floor.
The property address is 29 Englewood Avenue, West Hartford, CT 06110.
Details beyond the two-family configuration and the specified showing access are not provided in the available information.
The property address is 29 Englewood Avenue, West Hartford, CT 06110.
Details beyond the two-family configuration and the specified showing access are not provided in the available information.
Key Highlights
- Two‑family structure built in 1927
- Showings provide access to the basement and first floor
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
$31,629
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
5.76%
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%
$632,580
$632.6K
Cap Rate 7%
$451,843
$451.8K
Cap Rate 9%
$351,433
$351.4K
Market Conditions
NOI Build-Up for 2,154 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
$47.8K $22.20/SF
− Vacancy
−$2.6K −$1.22/SF
EGI
$45.2K $20.98/SF
− OpEx
−$13.6K −$6.29/SF
NOI
$31.6K $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%
$632,580
Cap Rate 7%
$451,843
Cap Rate 9%
$351,433
Alternative Uses
Best Use
Multifamily LT 5
$451.8K
$395.4K – $527.2K
NOI $31,629 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$415.1K
$363.3K – $484.3K
NOI $29,060 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$642.0K
$561.8K – $749.1K
NOI $44,943 @ 7.0% cap · market cap 8.19%
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
719
Businesses Nearby
Explore this area
Business Placement
Demographics for 06110, CT
13,004
Population
5,540
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
86%
High-School Grad
3.3 sq mi
ZIP Area
3,941
Density / Sq Mi
$81,972
Median Household Income
$51,576
Median Earnings
$1,542
Median Rent
$269,300
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-family structure offered for sale, presented with access to the basement and first floor for showings.
Where is this duplex located?
The property is located at 29 Englewood Avenue West Hartford, CT.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑family structure built in 1927; Showings provide access to the basement and first floor
