Side-by-Side
New
For Sale
$479,000
36-38 Vine Hill Road, West Hartford, CT 06110
Two residences offer distinct layouts, separate heating and hot water systems, and month-to-month occupancy.
Property Size1,943 SF
Price / SF$285.97
Days on Market4
Property Features for 36-38 Vine Hill Road
General Information
Standard status
Active
Size
1,943 SF
Property subtype
2 Family
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
2
Building Details
Building Size
1,943 SF
Year Built
1943
Tenancy
Multi
Listing Agency:
Gallinoto Real Estate
(860) 836-2091
Listed By:
Michael Gallinoto Jr. · License #452508574
(860) 836-2091
Source:
Iverty
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 9 at 5:07AM
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 Gallinoto Real Estate
Investment Insights
Based on property information with market context.
This side-by-side duplex at 36-38 Vine Hill Road includes two separately configured units. Unit 1 is a one-level residence with 3 rooms, 1 bedroom, and 1 bath. Unit 2 spans two levels and provides 6 rooms, 3 bedrooms, 1 full bath, and 1 half bath. Each unit has its own heating and hot water system, and both are rented on a month-to-month basis.
Built in 1943, the property is within walking distance of the busline and Wolcott Park, which includes a pool and tennis courts. Route 84 and West Farms Mall are minutes away, adding convenient access to transportation and nearby retail and recreation.
Built in 1943, the property is within walking distance of the busline and Wolcott Park, which includes a pool and tennis courts. Route 84 and West Farms Mall are minutes away, adding convenient access to transportation and nearby retail and recreation.
Key Highlights
- Two‑unit duplex with distinct one‑level and two‑level layouts
- Unit 1 includes 3 rooms, 1 bedroom, and 1 bath
- Unit 2 offers 6 rooms, 3 bedrooms, 1 full bath, and 1 half bath
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
$24,595
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
5.13%
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%
$491,900
$491.9K
Cap Rate 7%
$351,357
$351.4K
Cap Rate 9%
$273,278
$273.3K
Market Conditions
NOI Build-Up for 1,675 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
$37.2K $22.20/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$35.1K $20.98/SF
− OpEx
−$10.5K −$6.29/SF
NOI
$24.6K $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%
$491,900
Cap Rate 7%
$351,357
Cap Rate 9%
$273,278
Alternative Uses
Best Use
Multifamily LT 5
$351.4K
$307.4K – $409.9K
NOI $24,595 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$322.8K
$282.5K – $376.6K
NOI $22,598 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$499.3K
$436.9K – $582.5K
NOI $34,949 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Explore this area
Business Placement
Demographics for 06110, CT
13,004
Population
5,540
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
86%
High-School Grad
3.3 sq mi
ZIP Area
3,941
Density / Sq Mi
$81,972
Median Household Income
$51,576
Median Earnings
$1,542
Median Rent
$269,300
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 - Two residences offer distinct layouts, separate heating and hot water systems, and month-to-month occupancy.
Where is this duplex located?
The property is located at 36-38 Vine Hill Road West Hartford, CT.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Two‑unit duplex with distinct one‑level and two‑level layouts; Unit 1 includes 3 rooms, 1 bedroom, and 1 bath; Unit 2 offers 6 rooms, 3 bedrooms, 1 full bath, and 1 half bath
