Building Details

Year Built 1905

Buildings 1

Listing Agency: Coldwell Banker Realty m***@cbrealty.com Show Phone

Listed By: Maggie Brennan · License #RES.0751593 Show Phone

Source: Lockandkeyre

Added: Oct 13 Changed: Oct 15 Last Checked: Oct 15 at 2:03AM

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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 3,329-square-foot, two-family home was built in 1905. The second-floor residence has a kitchen adjoining a family room, a living room with a gas fireplace, and a dining room with a built-in hutch. A French door leads from the family room to an expansive deck, while the living room opens to a front sun porch and the dining room has a separate porch. Three bedrooms and two full baths occupy the third floor; the primary suite includes two closets and a private bath with a washer and dryer.

The property is at 292 Hartford in Wethersfield, and the grounds extend toward Wethersfield Cove, with views of the cove from the deck and porch.

Key Highlights

• Two‑family property with 3,329 square feet
• Built in 1905
• Second‑floor residence has three bedrooms and two full baths

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,882

Cap Rate

6.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$977,640 $977.6K

Cap Rate 7%

$698,314 $698.3K

Cap Rate 9%

$543,133 $543.1K

Market Conditions

NOI Build-Up for 3,329 SF

Gross rent

$73.9K $22.20/SF

− Vacancy

−$4.1K −$1.22/SF

EGI

$69.8K $20.98/SF

− OpEx

−$20.9K −$6.29/SF

NOI

$48.9K $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%

$977,640

Cap Rate 7%

$698,314

Cap Rate 9%

$543,133

Alternative Uses

Best Use

Multifamily LT 5

$698.3K

$611.0K – $814.7K (±1% cap)

NOI $48,882 @ 7.0% cap · market cap 6.11%

Second Best

Apartment 5plus

$641.6K

$561.4K – $748.6K (±1% cap)

NOI $44,913 @ 7.0% cap · market cap 5.61%

Theoretical Best

Office A

$992.3K

$868.3K – $1.16M (±1% cap)

NOI $69,460 @ 7.0% cap · market cap 8.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Real Estate Agency Auto Parts Store Pharmacy Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

529

Businesses Nearby

Explore this area Business Placement

Demographics for 06109, CT

27,298

Population

11,833

Households

2.3

Avg Household Size

44

Median Age

54%

College-Educated

95%

High-School Grad

12.3 sq mi

ZIP Area

2,219

Density / Sq Mi

$118,523

Median Household Income

$70,225

Median Earnings

$1,303

Median Rent

$300,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - The second-floor residence includes three bedrooms, two full baths, a gas fireplace, and multiple porches.

Where is this duplex located?

The property is located at 292 Hartford Wethersfield, CT.

What is the asking price?

The asking price for this property is $799,900.

What are key features of this property?

This property features: Two‑family property with 3,329 square feet; Built in 1905; Second‑floor residence has three bedrooms and two full baths