Updated Two-Unit Townhouse
New
For Sale
$389,000
358 Wethersfield Ave, Hartford, CT 06114
Townhouse-style duplex with refreshed interiors, stainless steel appliances, and access to schools, shopping, and transportation.
Property Size2,304 SF
Price / SF$168.84
Days on Market5
Property Features for 358 Wethersfield Ave
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/2.5BA
Multifamily Units
2
Building Details
Year Built
1985
Buildings
1
Listing Agency:
MLS Direct
Listed By:
Nankumar Nemdharie · License #RES.0813254
(860) 478-0934
Source:
Livianhomesct
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 5 at 11:36AM
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
Investment Insights
Based on property information with market context.
This Hartford duplex contains two townhouse-style residences totaling 2,304 square feet. The lower home offers an open living and kitchen area, one bedroom, and one updated bathroom, along with fresh paint, luxury vinyl flooring, modern cabinetry, and stainless steel appliances. The upper residence spans two levels with three bedrooms, two full bathrooms, and one half bathroom. Its improvements include a renovated primary bathroom, updated kitchen with white shaker cabinetry, quartz counters, tile backsplash, stainless steel appliances, new lighting, and luxury vinyl plank flooring.
Building updates include a newer roof, windows, and boiler. Constructed in 1985, the property is located on Wethersfield Ave in Hartford’s South End, within walking distance of schools, shopping, and transportation.
Building updates include a newer roof, windows, and boiler. Constructed in 1985, the property is located on Wethersfield Ave in Hartford’s South End, within walking distance of schools, shopping, and transportation.
Key Highlights
- Two townhouse‑style units totaling 2,304 square feet
- Lower unit includes 1 bedroom and 1 updated bathroom
- Upper unit features 3 bedrooms, 2 full and 1 half bathrooms
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
$33,831
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
8.70%
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%
$676,620
$676.6K
Cap Rate 7%
$483,300
$483.3K
Cap Rate 9%
$375,900
$375.9K
Market Conditions
NOI Build-Up for 2,304 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
$51.1K $22.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$48.3K $20.98/SF
− OpEx
−$14.5K −$6.29/SF
NOI
$33.8K $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%
$676,620
Cap Rate 7%
$483,300
Cap Rate 9%
$375,900
Alternative Uses
Best Use
Multifamily LT 5
$483.3K
$422.9K – $563.9K
NOI $33,831 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$444.1K
$388.6K – $518.1K
NOI $31,084 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$686.8K
$600.9K – $801.2K
NOI $48,073 @ 7.0% cap · market cap 12.36%
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
2,711
Businesses Nearby
Explore this area
Business Placement
Demographics for 06114, CT
26,257
Population
11,206
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
4.0 sq mi
ZIP Area
6,564
Density / Sq Mi
$47,905
Median Household Income
$31,996
Median Earnings
$1,296
Median Rent
$228,300
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 - Townhouse-style duplex with refreshed interiors, stainless steel appliances, and access to schools, shopping, and transportation.
Where is this duplex located?
The property is located at 358 Wethersfield Ave 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 townhouse‑style units totaling 2,304 square feet; Lower unit includes 1 bedroom and 1 updated bathroom; Upper unit features 3 bedrooms, 2 full and 1 half bathrooms
