Updated Two-Unit Townhouse
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 Market50
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: Oct 14
Last Checked: Oct 7 at 4:44PM
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
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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 / Yr
$33,831
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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
