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Building Details

Year Built 1935

Listing Agency: Venture Real Estate, Inc.

Listed By: Ross Moravsky (203) 826-4578 (617) 340-9770 · License #RES.0809514 Show Phone

Source: Rhodeislandhomesforsale

Added: Oct 12 Changed: Oct 15 Last Checked: Oct 15 at 2:06AM

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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 Venture Real Estate, Inc.

Investment Insights

Based on property information with market context.

Built in 1935, this 3,059-square-foot Hartford quadplex contains four apartments with a combined seven bedrooms and four full bathrooms. The unit mix includes one-, two- and three-bedroom layouts. Kitchens, bathrooms and flooring have been updated, along with the roof, windows, heating and hot water systems, plumbing and electrical components.

The property occupies a level 0.44-acre lot with a backyard and off-street parking. It is in Hartford’s Parkville neighborhood, near shopping, restaurants, public transportation, major highways and downtown Hartford.

Key Highlights

• Four residential units with seven bedrooms and four full bathrooms
• 3,059 square feet on a 0.44‑acre lot
• Apartment mix includes one-, two- and three‑bedroom layouts

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,918

Cap Rate

7.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$898,360 $898.4K

Cap Rate 7%

$641,686 $641.7K

Cap Rate 9%

$499,089 $499.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,059 SF

Gross rent

$67.9K $22.20/SF

− Vacancy

−$3.7K −$1.22/SF

EGI

$64.2K $20.98/SF

− OpEx

−$19.3K −$6.29/SF

NOI

$44.9K $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%

$898,360

Cap Rate 7%

$641,686

Cap Rate 9%

$499,089

Alternative Uses

Best Use

Multifamily LT 5

$641.7K

$561.5K – $748.6K (±1% cap)

NOI $44,918 @ 7.0% cap · market cap 7.19%

Second Best

Apartment 5plus

$589.6K

$515.9K – $687.8K (±1% cap)

NOI $41,270 @ 7.0% cap · market cap 6.60%

Theoretical Best

Office A

$911.8K

$797.8K – $1.06M (±1% cap)

NOI $63,826 @ 7.0% cap · market cap 10.21%

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

Property Analytics

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Open Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service Tech Support Center Pet Grooming Service Catering Service (Bike/Boat/Book/etc) Store Pet Store

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

4

Residential units

Location Intelligence

Trade Area within ½ mile

1,705

Businesses Nearby

Explore this area Business Placement

Demographics for 06106, CT

38,036

Population

16,938

Households

2.2

Avg Household Size

33

Median Age

17%

College-Educated

70%

High-School Grad

4.2 sq mi

ZIP Area

9,056

Density / Sq Mi

$47,542

Median Household Income

$31,395

Median Earnings

$1,237

Median Rent

$201,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Renovated apartments with varied bedroom layouts and off-street parking serve a residential rental use.

Where is this quadplex located?

The property is located at 34 Sisson Ave Hartford, CT.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: Four residential units with seven bedrooms and four full bathrooms; 3,059 square feet on a 0.44‑acre lot; Apartment mix includes one-, two- and three‑bedroom layouts