Fully Leased Two-Family
317-319 Garden Street Wethersfield, CT 06109
317-319 Garden Street, Wethersfield, CT, 06109
$575,000
For Sale
$575,000
Two-family residence with separate heating systems, individual unit availability beginning April 1 and June 30, 2026.
Property Size2,986 SF
Price / SF$192.57
Days on Market143
Property Features for 317-319 Garden Street
General Information
- Standard status
- Active
- Size
- 2,986 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1925
Listing agency
Coldwell Banker Realty
(860) 888-2732
Listed by
Matthew Guida · License #REB.0793429
(860) 888-2732
Source
Compass
Added: Mar 1 Updated: Jul 21 at 8:19PM Checked: Jul 21 at 8:19PM
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 fully leased two-family property is configured as a first-floor two-bedroom unit and a combined second- and third-floor three-bedroom unit. The three-bedroom unit includes a large eat-in kitchen with a breakfast bar, and it features a remodeled full bathroom and repainting within the last year. A three-season porch overlooks Stillman Park. The third-floor primary suite includes a half bathroom and vaulted ceiling.
Separate natural gas boilers, electric panels, and natural gas hot water tanks serve the units. The property also includes aluminum siding and a two-car detached garage.
With additional unit availability scheduled for April 1 and June 30, 2026, the layout supports staggered occupancy timelines within the same two-family structure.
Separate natural gas boilers, electric panels, and natural gas hot water tanks serve the units. The property also includes aluminum siding and a two-car detached garage.
With additional unit availability scheduled for April 1 and June 30, 2026, the layout supports staggered occupancy timelines within the same two-family structure.
Key Highlights
- Fully leased 2‑family in historic Old Wethersfield; first‑floor 2‑bedroom unit available April 1
- Second‑floor 3‑bedroom unit (2nd/3rd floors) available June 30, 2026
- Separate heating systems: natural gas boilers, electric panels, and natural gas hot water tanks
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.3k | $22.20 |
| − Vacancy | −$3.7k | −$1.22 |
| EGI | $62.6k | $20.98 |
| − OpEx | −$18.8k | −$6.29 |
| NOI | $43.8k | $14.68 |
2,986 SF · lease $22.20/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$626.4K
$548.1K – $730.8K
NOI $43,846 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$575.5K
$503.6K – $671.4K
NOI $40,285 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$890.0K
$778.8K – $1.04M
NOI $62,303 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family residence with separate heating systems, individual unit availability beginning April 1 and June 30, 2026.
Where is this duplex located?
The property is located at 317-319 Garden Street Wethersfield, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Fully leased 2‑family in historic Old Wethersfield; first‑floor 2‑bedroom unit available April 1; Second‑floor 3‑bedroom unit (2nd/3rd floors) available June 30, 2026; Separate heating systems: natural gas boilers, electric panels, and natural gas hot water tanks
