Two-Unit Duplex with New
For Sale
$325,900
Pending
54-56 East Harold Street, Hartford, CT 06112
Two-family property with one tenant-occupied unit and a recently replaced roof.
Property Size1,942 SF
Days on Market34
Property Features for 54-56 East Harold Street
General Information
Standard status
Pending
Size
1,942 SF
Property subtype
2 Family
Building Details
Building Size
1,942 SF
Year Built
1942
Listing Agency:
Vylla Home (CT) LLC
(860) 997-1760
Listed By:
Georgette Ruffin · License #RES.0767534
(860) 997-1760
Source:
Iverty
Added: Jul 27
Changed: Aug 23
Last Checked: Aug 23 at 6:53AM
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 Vylla Home (CT) LLC
Investment Insights
Based on property information with market context.
This two-family duplex at 54-56 E Harold St features two residential units and was built in 1942. A new roof, completed two years ago, is the primary recent update. The property is being sold as is, with one unit currently tenant-occupied.
Showings require at least 24 hours' notice. The property has a Walk Score of 72, a Bike Score of 47, and a Transit Score of 47.
Showings require at least 24 hours' notice. The property has a Walk Score of 72, a Bike Score of 47, and a Transit Score of 47.
Key Highlights
- Two‑family duplex with two residential units
- New roof completed two years ago
- One unit is currently tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,434
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,680
$488.7K
Cap Rate 7%
$349,057
$349.1K
Cap Rate 9%
$271,489
$271.5K
Market Conditions
NOI Build-Up for 1,664 SF
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.
Gross rent
$36.9K $22.20/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$34.9K $20.98/SF
− OpEx
−$10.5K −$6.29/SF
NOI
$24.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,680
Cap Rate 7%
$349,057
Cap Rate 9%
$271,489
Alternative Uses
Best Use
Multifamily LT 5
$349.1K
$305.4K – $407.2K
NOI $24,434 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$320.7K
$280.6K – $374.2K
NOI $22,450 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$496.0K
$434.0K – $578.7K
NOI $34,719 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 06112, CT
23,189
Population
8,785
Households
2.6
Avg Household Size
32
Median Age
10%
College-Educated
77%
High-School Grad
3.0 sq mi
ZIP Area
7,730
Density / Sq Mi
$47,010
Median Household Income
$29,383
Median Earnings
$1,229
Median Rent
$203,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with one tenant-occupied unit and a recently replaced roof.
Where is this duplex located?
The property is located at 54-56 East Harold Street Hartford, CT.
What is the asking price?
The asking price for this property is $325,900.
What are key features of this property?
This property features: Two‑family duplex with two residential units; New roof completed two years ago; One unit is currently tenant‑occupied
