Two-Unit Duplex with Covered
New
For Sale
$549,900
42 Lancaster, West Hartford, CT 06119
The first-floor residence has three bedrooms, a fireplace, and in-unit laundry; the upper apartment offers one bedroom and hardwood floors.
Property Size1,916 SF
Price / SF$235.30
Days on Market4
Property Features for 42 Lancaster
General Information
Standard status
Active
Size
1,916 SF
Property subtype
2 Family
Lease Term
Listing ID: 24219033, Standard Status: Coming Soon, MLS Status: Coming Soon, Property Subtype: 2 Family
Additional Details
Multifamily Units
2
Building Details
Building Size
1,916 SF
Year Built
1916
Buildings
1
Listing Agency:
William Raveis Real Estate
(860) 521-4311
Listed By:
Dan Burgio · License #RES.0788025
(860) 808-9219
Source:
Iverty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 11:28AM
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 William Raveis Real Estate
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Investment Insights
Based on property information with market context.
Built in 1916, this RM-3R-zoned duplex contains two residences. The first-floor unit has three bedrooms, one full bath and one half bath, plus a kitchen, formal dining room and family room. A fireplace, in-unit laundry and covered front porch are also part of the first-floor residence. The upper apartment is a one-bedroom layout with a living area, hardwood floors and an updated kitchen.
The property is at 42 Lancaster Road in West Hartford. West Hartford Center, Blue Back Square and Kingswood Oxford School are identified as nearby destinations.
The property is at 42 Lancaster Road in West Hartford. West Hartford Center, Blue Back Square and Kingswood Oxford School are identified as nearby destinations.
Key Highlights
- Two‑residence duplex built in 1916
- RM‑3R zoning
- First‑floor residence includes 3 bedrooms, 1 full bath and 1 half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,316
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,320
$686.3K
Cap Rate 7%
$490,229
$490.2K
Cap Rate 9%
$381,289
$381.3K
Market Conditions
NOI Build-Up for 2,337 SF
Gross rent
$51.9K $22.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$49.0K $20.98/SF
− OpEx
−$14.7K −$6.29/SF
NOI
$34.3K $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%
$686,320
Cap Rate 7%
$490,229
Cap Rate 9%
$381,289
Alternative Uses
Best Use
Multifamily LT 5
$490.2K
$429.0K – $571.9K
NOI $34,316 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$450.4K
$394.1K – $525.5K
NOI $31,529 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$696.6K
$609.5K – $812.7K
NOI $48,762 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,265
Businesses Nearby
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Business Placement
Demographics for 06119, CT
14,843
Population
7,206
Households
2.1
Avg Household Size
37
Median Age
68%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
7,068
Density / Sq Mi
$105,522
Median Household Income
$63,122
Median Earnings
$1,646
Median Rent
$361,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Hartford County, CT
Properties on Market for Duplexes in Hartford County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The first-floor residence has three bedrooms, a fireplace, and in-unit laundry; the upper apartment offers one bedroom and hardwood floors.
Where is this duplex located?
The property is located at 42 Lancaster West Hartford, CT.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑residence duplex built in 1916; RM‑3R zoning; First‑floor residence includes 3 bedrooms, 1 full bath and 1 half bath
