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Three-Unit Multifamily Property
New
For Sale
$399,900

40 Ward Street, Vernon, CT 06066

Three apartments offer separate utilities, private storage, laundry areas, and off-street parking for residents.

Property Size19,003 SF
Price / SF$130.69
Days on Market4

Property Features for 40 Ward Street

General Information

Standard status Active
Size 19,003 SF
Property subtype 3 Family

Additional Details

Multifamily Units 3

Amenities

secure basement laundry/storage area
rear yard

Building Details

Building Size 19,003 SF
Year Built 1900
Listing Agency: eXp Realty
Listed By: Chad Glucksman
Source: Iverty
Added: Sep 21 Changed: Sep 22 Last Checked: Sep 22 at 1:47PM

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 eXp Realty

Investment Insights

Based on property information with market context.

This three-unit multifamily property was built in 1900 and contains approximately 3,060 square feet with nine bedrooms overall. One apartment occupies each floor. The main-level residence includes a living room, eat-in kitchen, three bedrooms, and tall ceilings. Separate gas heating systems serve the apartments, while tenants pay their own heat and electricity. Individual electrical panels for the units, plus a separate owner panel, support the building’s utility configuration.

Each apartment includes a secured basement area for laundry and storage, along with one off-street parking space. The roof is approximately three years old, and the main-level electric water heater was replaced two years ago. Exterior painting and power washing have been completed, and the property includes a rear yard. The building is near shops, restaurants, parks, and commuter routes in Vernon’s Rockville section.

Key Highlights

  • Three apartments, one on each floor, with approximately 3,060 square feet and nine bedrooms
  • Separate gas heating systems; tenants pay heat and electricity
  • Private secured basement laundry and storage area for each unit

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Spa & Massage Center Hair Salon Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

441
Businesses Nearby

Demographics for 06066, CT

30,237
Population
14,335
Households
2.1
Avg Household Size
41
Median Age
36%
College-Educated
93%
High-School Grad
17.7 sq mi
ZIP Area
1,708
Density / Sq Mi
$80,766
Median Household Income
$50,381
Median Earnings
$1,412
Median Rent
$255,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three apartments offer separate utilities, private storage, laundry areas, and off-street parking for residents.
Where is this triplex located?
The property is located at 40 Ward Street Vernon, CT.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Three apartments, one on each floor, with approximately 3,060 square feet and nine bedrooms; Separate gas heating systems; tenants pay heat and electricity; Private secured basement laundry and storage area for each unit
More about this property
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