Six-Unit Apartment
For Sale
Contact for pricing
39 Woodbridge Ave, East Hartford, CT 06108
Fully occupied property with separately metered utilities and tenant-paid heat, hot water, and electric.
Property Size4,950 SF
Lot Size0.21 Acres
Price / SF$181.82
Days on Market66
Property Features for 39 Woodbridge Ave
General Information
Standard status
Active
Size
4,950 SF
Lot size
0.21 Acres
Property subtype
Multifamily
Zoning
R-4
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$85,082
Units
Unit Mix
6 x 2BR
Multifamily Units
6
Building Details
Year Built
1910
Buildings
1
Units
6
Tenancy
Multi
Listing Agency:
NorthEast Private Client Group Newton
Listed By:
Bradley Balletto · License #CT: 0792835
(203) 307-1574
Source:
Crexi
Added: Aug 19
Changed: Oct 21
Last Checked: Oct 23 at 5:46AM
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 NorthEast Private Client Group Newton
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Investment Insights
Based on property information with market context.
This six-unit apartment building contains an all-two-bedroom unit mix within 4,950 square feet. The property was built in 1910 and sits on a 0.21-acre lot. Each residence has separate metering for heat, hot water, and electric, while ownership pays water, sewer, and common-area electric. The building is fully occupied, providing established in-place operations.
Located just off Burnside Avenue in East Hartford, the property is approximately one mile from the Connecticut River crossing into downtown Hartford. Its R-4 zoning and proximity to a major Greater Hartford employment center add relevant context for multifamily ownership.
Located just off Burnside Avenue in East Hartford, the property is approximately one mile from the Connecticut River crossing into downtown Hartford. Its R-4 zoning and proximity to a major Greater Hartford employment center add relevant context for multifamily ownership.
Key Highlights
- Six‑unit apartment building with all‑two‑bedroom units
- 4,950 square feet on a 0.21‑acre lot
- Fully occupied property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,782
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,335,640
$1.3M
Cap Rate 7%
$954,029
$954.0K
Cap Rate 9%
$742,022
$742.0K
Market Conditions
NOI Build-Up for 4,950 SF
Gross rent
$128.9K $26.04/SF
− Vacancy
−$7.5K −$1.51/SF
EGI
$121.4K $24.53/SF
− OpEx
−$54.6K −$11.04/SF
NOI
$66.8K $13.49/SF
Area
Hartford, CT
Vacancy
5.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,335,640
Cap Rate 7%
$954,029
Cap Rate 9%
$742,022
Alternative Uses
Best Use
Apartment 5plus
$954.0K
$834.8K – $1.11M
NOI $66,782 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,282 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
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Business Placement
Demographics for 06108, CT
24,201
Population
9,963
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
85%
High-School Grad
8.1 sq mi
ZIP Area
2,988
Density / Sq Mi
$55,766
Median Household Income
$35,801
Median Earnings
$1,161
Median Rent
$218,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied property with separately metered utilities and tenant-paid heat, hot water, and electric.
Where is this apartment building located?
The property is located at 39 Woodbridge Ave East Hartford, CT.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Six‑unit apartment building with all‑two‑bedroom units; 4,950 square feet on a 0.21‑acre lot; Fully occupied property
