Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Unit Townhouse in Hartford Title is generated by Realmo AI

    358 Wethersfield Avenue, Hartford, CT 06114

    View on Map
    Claim this Listing
    For Sale
    $389,000

    Rare, updated two-unit townhouse in Hartford's south end.

    Type:2 Family
    Property size:
    2,304 SF
    Price / SF:
    $168/SF
    Added:
    May 6, 2026
    Days on Market:
    28
    Last Refresh:
    May 15 at 10:43 pm

    Property Features for 358 Wethersfield Avenue

    General Information

    Standard status
    Active
    Size
    2,304 SF
    Property subtype
    2 Family

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Nankumar Nemdharie

    Listing agent Nankumar Nemdharie License #RES.0813254

    Listing office MLS Direct

    Listing date May 6, 2026

    Source Lockandkeyre

    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 MLS Direct

    HighLights

    • Two separate units offer flexibility for rental income or multi‑generational living.
    • Upper unit: 3 bedrooms, 2 full and 1 half bathrooms, providing ample space.
    • Both units feature updated kitchens with stainless steel appliances and modern finishes.
    • Newer roof, windows, and boiler offer peace of mind and reduced maintenance.
    • Updated bathrooms in both units.
    • Convenient location: walking distance to schools, shopping, and transportation.

    Overview

    This two-unit townhouse is located in the south end of Hartford. The first unit features an open living room and kitchen area, one bedroom, and one updated bathroom. It has been freshly painted and includes luxury vinyl flooring, modern cabinets, and stainless steel appliances. The second unit is a two-level townhouse-style unit with three bedrooms, two full bathrooms, and one half bathroom. The master bedroom includes an updated bathroom. The kitchen is updated with stainless steel appliances, white shaker cabinets, quartz countertops, and tile backsplash. New lighting fixtures and luxury vinyl plank flooring are present throughout. The property includes a newer roof, windows, and boiler. The property is within walking distance of schools, shopping, and transportation. The property size is 2304 square feet.

    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 $51.1k $22.20
    − Vacancy −$2.8k −$1.22
    EGI $48.3k $20.98
    − OpEx −$14.5k −$6.29
    NOI $33.8k $14.68
    2,304 SF · lease $22.20/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $483.3K
    $422.9K – $563.9K (±1% cap)
    NOI $33,831 @ 7.0% cap · market cap 8.70%
    Second Best
    Apartment 5plus
    $444.1K
    $388.6K – $518.1K (±1% cap)
    NOI $31,084 @ 7.0% cap · market cap 7.99%
    Theoretical Best
    Office A
    $686.8K
    $600.9K – $801.2K (±1% cap)
    NOI $48,073 @ 7.0% cap · market cap 12.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.672976
    Latitude
    41.746062

    Nearby Similar for Sale

    • $1,550,000
      25,298 SF

      Hartford Commercial Office Building For Sale

      Turnkey commercial office building with long-term tenants and steady income.
      631 Farmington Avenue, Hartford, CT 06105
      View Details
    • $539,000
      4,680 SF

      Hartford Medical Office Investment

      Fully leased medical office building with on-site parking.
      36-38 Grand Street, Hartford, CT 06106
      View Details
    • $739,000

      Established Brazilian Grill Restaurant

      Turnkey restaurant with on-site parking on Park St.
      1996 Park Street, Hartford, CT 06106
      View Details
    • $509,900
      3,882 SF

      Well-Maintained Hartford Triplex

      Spacious three-family property in Hartford with modern gas heating.
      335 Hillside Avenue, Hartford, CT 06106
      View Details
    • $450,000
      3,750 SF

      Versatile Commercial Property in Hartford

      Adaptable commercial space ideal for retail, office, or light operations.
      241 Ledyard Street, Hartford, CT 06114
      View Details
    • $750,000
      5,381 SF

      Hartford Mixed-Use Investment Opportunity

      Two buildings, six units, commercial and residential spaces.
      763-767 Park Street, Hartford, CT 06106
      View Details
    • $495,000
      2,940 SF

      Hartford Townhouse-Style Multi-Family Property

      Rare townhouse-style 3-family in Hartford with finished lower levels.
      68-70 Arnold Street, Hartford, CT 06106
      View Details
    • $649,000
      4,514 SF

      Hartford Multifamily Investment Opportunity

      Seven-unit multifamily property in Hartford's West End.
      187 Whitney Street, Hartford, CT 06105
      View Details
    • $450,000
      1,290 SF

      Hartford Commercial Property For Sale

      Versatile commercial property in Hartford, ideal for retail or office.
      241 Ledyard Street, Hartford, CT 06114
      View Details
    • $315,000
      3,611 SF

      Hartford Four-Family Investment Opportunity

      Four-family property in Hartford with income potential.
      58-60 Benton Street, Hartford, CT 06114
      View Details
    • $299,000
      3,246 SF

      Hartford Three-Family Investment Opportunity

      Three-unit property in Hartford with income potential and convenient location.
      69 Babcock Street, Hartford, CT 06106
      View Details
    • $299,000
      3,741 SF

      Hartford Three-Family Investment Opportunity

      Three spacious units in Hartford, ideal for investors or owner-occupants.
      154 Babcock Street, Hartford, CT 06106
      View Details

    FAQs

    What type of property is this?
    Duplex - Rare, updated two-unit townhouse in Hartford's south end.
    Where is this duplex located?
    The property is located at 358 Wethersfield Avenue Hartford, CT.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: Two separate units offer flexibility for rental income or multi‑generational living.; Upper unit: **3 bedrooms, 2 full and 1 half bathrooms, providing ample space.**; Both units feature **updated kitchens with stainless steel appliances and modern finishes.**
    (860) 478-0934
    We can help!
    Listing Contact
    Nankumar Nemdharie
    Real Estate License ID: RES.0813254
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    358 Wethersfield Avenue, Hartford, CT 06114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!