Two-Unit Duplex with In-Unit
New
For Sale
$549,900
480-482 Hartford Avenue, Wethersfield, CT 06109
Both residences are occupied and include three bedrooms and one full bathroom apiece.
Property Size3,562 SF
Price / SF$154.38
Days on Market3
Property Features for 480-482 Hartford Avenue
General Information
Standard status
Active
Size
3,562 SF
Property subtype
2 Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$14,428
Amenities
in-unit laundry
Building Details
Building Size
3,562 SF
Year Built
1924
Listing Agency:
Berkshire Hathaway NE Prop.
Listed By:
Eileen Diaz
(860) 680-0919
Source:
Mcgrathrealty
Added: Oct 29
Last Checked: Oct 29 at 2:48PM
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 Berkshire Hathaway NE Prop.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 3,562 square feet and was built in 1924. Each residence has three bedrooms, one full bathroom, and in-unit laundry. Tenants are in place in both units.
The property is at 480-482 Hartford Avenue in Wethersfield, Connecticut. Parks, retail, restaurants, and public transportation are nearby, with bus service available in the area.
The property is at 480-482 Hartford Avenue in Wethersfield, Connecticut. Parks, retail, restaurants, and public transportation are nearby, with bus service available in the area.
Key Highlights
- Two units, each with 3 bedrooms and 1 full bathroom
- 3,562 square feet
- In‑unit laundry in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,056
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$961,120
$961.1K
Cap Rate 7%
$686,514
$686.5K
Cap Rate 9%
$533,956
$534.0K
Market Conditions
NOI Build-Up for 3,562 SF
Gross rent
$92.8K $26.04/SF
− Vacancy
−$5.4K −$1.51/SF
EGI
$87.4K $24.53/SF
− OpEx
−$39.3K −$11.04/SF
NOI
$48.1K $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%
$961,120
Cap Rate 7%
$686,514
Cap Rate 9%
$533,956
Alternative Uses
Best Use
Multifamily LT 5
$747.2K
$653.8K – $871.7K
NOI $52,304 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$686.5K
$600.7K – $800.9K
NOI $48,056 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$1.06M
$929.0K – $1.24M
NOI $74,321 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Explore this area
Business Placement
Demographics for 06109, CT
27,298
Population
11,833
Households
2.3
Avg Household Size
44
Median Age
54%
College-Educated
95%
High-School Grad
12.3 sq mi
ZIP Area
2,219
Density / Sq Mi
$118,523
Median Household Income
$70,225
Median Earnings
$1,303
Median Rent
$300,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and include three bedrooms and one full bathroom apiece.
Where is this duplex located?
The property is located at 480-482 Hartford Avenue Wethersfield, 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 units, each with 3 bedrooms and 1 full bathroom; 3,562 square feet; In‑unit laundry in both residences
