Two-Unit Duplex with Laundry
For Sale
$350,000
39 Babcock, Hartford, CT 06106
Both residences offer three bedrooms and one full bathroom, with one unit vacant for immediate occupancy.
Property Size1,900 SF
Price / SF$169.57
Days on Market15
Property Features for 39 Babcock
General Information
Standard status
Active
Size
1,900 SF
Property subtype
2 Family
Lease Term
Listing ID: 24216909, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 13 days on market
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
The Property Shop CT
(860) 519-0634
Listed By:
Ariel Brinson · License #REB.0793928
(860) 985-3594
Source:
Iverty
Added: Oct 13
Changed: Oct 26
Last Checked: Oct 26 at 1:12PM
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 The Property Shop CT
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Investment Insights
Based on property information with market context.
This two-family property contains two residences, each configured with three bedrooms and one full bathroom. Hardwood flooring and fresh paint are noted in both units. The second-floor residence has laundry hookups, and a washer and dryer are included in the sale. The first-floor unit is vacant, while the second-floor unit is occupied. Built in 1900, the property is zoned NX-2.
Located on Babcock Street in Hartford, the property is near shopping, dining, and major highways. Showings are limited to the first floor initially; access to the second-floor unit may be requested for a subsequent visit with 24-hour notice.
Located on Babcock Street in Hartford, the property is near shopping, dining, and major highways. Showings are limited to the first floor initially; access to the second-floor unit may be requested for a subsequent visit with 24-hour notice.
Key Highlights
- Two units, each with 3 bedrooms and 1 full bathroom
- First‑floor residence is vacant
- Second‑floor unit has laundry hookups; washer and dryer included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,307
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,140
$606.1K
Cap Rate 7%
$432,957
$433.0K
Cap Rate 9%
$336,744
$336.7K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$45.8K $22.20/SF
− Vacancy
−$2.5K −$1.22/SF
EGI
$43.3K $20.98/SF
− OpEx
−$13.0K −$6.29/SF
NOI
$30.3K $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%
$606,140
Cap Rate 7%
$432,957
Cap Rate 9%
$336,744
Alternative Uses
Best Use
Multifamily LT 5
$433.0K
$378.8K – $505.1K
NOI $30,307 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$397.8K
$348.1K – $464.1K
NOI $27,846 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$615.2K
$538.3K – $717.8K
NOI $43,065 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,204
Businesses Nearby
Explore this area
Business Placement
Demographics for 06106, CT
38,036
Population
16,938
Households
2.2
Avg Household Size
33
Median Age
17%
College-Educated
70%
High-School Grad
4.2 sq mi
ZIP Area
9,056
Density / Sq Mi
$47,542
Median Household Income
$31,395
Median Earnings
$1,237
Median Rent
$201,600
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 - Both residences offer three bedrooms and one full bathroom, with one unit vacant for immediate occupancy.
Where is this duplex located?
The property is located at 39 Babcock Hartford, CT.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 full bathroom; First‑floor residence is vacant; Second‑floor unit has laundry hookups; washer and dryer included
