Three-Unit Multifamily Income
41-43 Dean Street Hartford, CT 06114
41-43 Dean Street, Hartford, CT, 06114
$449,900
For Sale
$449,900
Well-maintained three-unit multifamily property includes a finished attic with two additional bedrooms and a full bath.
Property Size2,543 SF
Price / SF$176.92
Days on Market67
Property Features for 41-43 Dean Street
General Information
- Standard status
- Active
- Size
- 2,543 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
Five Stars Realty
(215) 730-5401
Listed by
Kervin D Figaro · License #RES.0813048
(215) 730-5401
Source
Compass
Added: May 17 Updated: Jul 21 at 6:00AM Checked: Jul 22 at 10:39AM
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 Five Stars Realty
Investment Insights
Based on property information with market context.
This well-maintained three-unit multifamily home is configured in a duplex footprint with three separate units. Unit 1 is located on the first floor and features three bedrooms, a full bath, hardwood floors, and a bright eat-in kitchen with ample closet space. Unit 2 is on the second floor and offers three bedrooms, a full bath, and an open-concept living and dining area, along with a covered back porch with sliding windows and built-in storage. The finished attic adds two more bedrooms and a full bath, creating flexible space for extended living or additional rental capacity.
The property includes Window World windows with safety locks and a lifetime warranty, and basement washer/dryer hookups. A recent conversion to natural gas is noted, and an acquired half-lot provides extra off-street parking alongside the original driveway.
All units are described as having substantial bedroom space and full bathroom access, with functional interior layouts that support everyday living.
The property includes Window World windows with safety locks and a lifetime warranty, and basement washer/dryer hookups. A recent conversion to natural gas is noted, and an acquired half-lot provides extra off-street parking alongside the original driveway.
All units are described as having substantial bedroom space and full bathroom access, with functional interior layouts that support everyday living.
Key Highlights
- Well‑maintained 3‑unit multifamily home with a finished, walk‑up attic that includes 2 bedrooms and a full bath
- Unit 1 (first floor) has 3 bedrooms, a full bath, hardwood floors, and a bright eat‑in kitchen
- Unit 2 (second floor) features 3 bedrooms, a full bath, open‑concept living and dining, a covered back porch, and a well‑appointed kitchen
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.5k | $22.20 |
| − Vacancy | −$3.1k | −$1.22 |
| EGI | $53.3k | $20.98 |
| − OpEx | −$16.0k | −$6.29 |
| NOI | $37.3k | $14.68 |
2,543 SF · lease $22.20/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$533.4K
$466.8K – $622.4K
NOI $37,341 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$490.1K
$428.9K – $571.8K
NOI $34,308 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$758.0K
$663.3K – $884.3K
NOI $53,060 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-unit multifamily property includes a finished attic with two additional bedrooms and a full bath.
Where is this triplex located?
The property is located at 41-43 Dean Street Hartford, CT.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Well‑maintained 3‑unit multifamily home with a finished, walk‑up attic that includes 2 bedrooms and a full bath; Unit 1 (first floor) has 3 bedrooms, a full bath, hardwood floors, and a bright eat‑in kitchen; Unit 2 (second floor) features 3 bedrooms, a full bath, open‑concept living and dining, a covered back porch, and a well‑appointed kitchen
