West Hartford Multifamily
38 Price Boulevard, West Hartford, CT 06119
New
MULTI_FAMILY - West Hartford, CT
Property size:
3,250 SFLot size:
0.13 AcresPrice / SF:
$196/SF- Added:
- May 20, 2026
- Days on Market:
- 3
- Last Refresh:
- May 22 at 9:06 pm
Property Features for 38 Price Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-3R
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Basement, Bathroom 2, Bedroom 3
- Parking
- 5
- Patio and Porch features
- Patio
- Exterior features
- Balcony,Grill,Shed,Deck,Gutters,Patio
- Basement
- Partially Finished, Full, Concrete
- Standard status
- Active
- Size
- 3,250 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 11150
Utilities
- Sewer type
- Public Sewer
- Heating system
- Other (Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1930
- Architectural style
- Other
Listing agent Byron Dorchester (860) 420-2000
Listing office Vision Real Estate 218 River Road, Unionville, CT (860) 673-1125
Listing date May 20, 2026
MLS# 24165497
Listing URL
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location in the desirable Park Road neighborhood of West Hartford, offering walkability to shops, restaurants, schools, and other amenities.
- Two‑unit property ideal for owner‑occupancy or investment, featuring updated kitchens and in‑unit full‑size washers and dryers in both units.
- Spacious upper unit (2nd and 3rd floors) with four bedrooms, two full baths, and a sauna.
- Outdoor amenities including a patio with a built‑in Weber grill, deck, and fire pit, all included with the property.
- Ample parking with a two‑car garage and three driveway spaces.
- Low‑maintenance yard with included electric mower, snow blower, and basic yard tools.
Overview
Located in West Hartford, this multifamily property offers an opportunity for both owner-occupiers and investors. The property has been consistently maintained and occupied by the owner or rented for the past 25 years. The upper unit, spanning the second and third floors, includes four bedrooms, two full bathrooms, a sauna, and updated kitchen appliances. It also features a full-size washing machine and dryer within the unit, located off the kitchen. The first-floor apartment, currently rented, includes an updated kitchen and a full-size washing machine and dryer, also situated off the kitchen. The basement has semi-finished areas that have been used as a workshop, recreational area, kitchenette, office, and a men's bathroom. The back patio features a built-in Weber grill, deck boxes, furniture, and a stainless steel Solo fire pit, all of which are included with the property. Parking includes two garage spaces and three driveway spaces. Yard maintenance is simplified with a small lawn, driveway, and walks. The seller is including an electric Ryobi mower with two 40v batteries, a Toro snow blower, hose, basic yard tools, and snow shovels. The property is located in a neighborhood with access to a market, restaurants, schools, a gym, a yoga studio, coffee shops, and a theater. The lot size is 0.13 acres, and the property size is 3250 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$530.2K
NOI $47,722 @ 9.00% cap · cautious / downside scenario
Moderate
$681.7K
NOI $47,722 @ 7.00% cap · market / base-case scenario
Aggressive
$954.4K
NOI $47,722 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.2k | $22.20 |
| − Vacancy | −$4.0k | −$1.22 |
| EGI | $68.2k | $20.98 |
| − OpEx | −$20.5k | −$6.29 |
| NOI | $47.7k | $14.68 |
3,250 SF · lease $22.20/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$681.7K
$596.5K – $795.4K
NOI $47,722 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$626.4K
$548.1K – $730.8K
NOI $43,847 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$968.7K
$847.6K – $1.13M
NOI $67,811 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- West Hartford
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.725537
- Latitude
- 41.755622
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Multifamily property in a desirable West Hartford location.
Where is this duplex located?
The property is located at 38 Price Boulevard West Hartford, CT.
What is the asking price?
The asking price for this property is $638,000.
What are key features of this property?
This property features: Prime location in the desirable Park Road neighborhood of West Hartford, offering walkability to shops, restaurants, schools, and other amenities.; Two‑unit property ideal for owner‑occupancy or investment, featuring updated kitchens and in‑unit full‑size washers and dryers in both units.; Spacious upper unit (2nd and 3rd floors) with **four bedrooms, two full baths, and a sauna.**
