Two-Unit Residential Income
55 Glendale Avenue Hartford, CT 06106
55 Glendale Avenue, Hartford, CT, 06106
$375,000
For Sale
$375,000
Well-maintained two-family home with two 2-bedroom, 1-bath units and separate residential living space.
Property Size1,408 SF
Price / SF$266.34
Days on Market21
Property Features for 55 Glendale Avenue
General Information
- Standard status
- Active
- Size
- 1,408 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1920
Listing agency
Commercial Services Realty
(860) 983-5146
Listed by
Peter SN D'addeo · License #452508574
(860) 983-5146
Source
Iverty
Added: Jul 1 Updated: Jul 21 at 1:15AM Checked: Jul 21 at 3:34AM
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 Commercial Services Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family residential property offers two separate units, each configured with 2 bedrooms and 1 bathroom. The building provides spacious living areas for day-to-day residential use and is positioned as a versatile option for either an investor seeking rental income or an owner-occupant looking to offset housing costs.
The property is described as being just minutes from Trinity College in Hartford, with easy access to downtown Hartford, public transportation, shopping, and major highways. It is located at 55 Glendale Avenue, Hartford, CT 06106.
Each unit is approximately 700+ square feet based on the information provided, supporting consistent layouts across the building.
The property is described as being just minutes from Trinity College in Hartford, with easy access to downtown Hartford, public transportation, shopping, and major highways. It is located at 55 Glendale Avenue, Hartford, CT 06106.
Each unit is approximately 700+ square feet based on the information provided, supporting consistent layouts across the building.
Key Highlights
- Well‑maintained two‑family home built in 1920
- Two spacious units, each with 2 bedrooms and 1 bathroom
- About 700+ sq ft of living space per unit
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 | $31.3k | $22.20 |
| − Vacancy | −$1.7k | −$1.22 |
| EGI | $29.5k | $20.98 |
| − OpEx | −$8.9k | −$6.29 |
| NOI | $20.7k | $14.68 |
1,408 SF · lease $22.20/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$295.4K
$258.4K – $344.6K
NOI $20,675 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$271.4K
$237.5K – $316.6K
NOI $18,996 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$419.7K
$367.2K – $489.6K
NOI $29,378 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with two 2-bedroom, 1-bath units and separate residential living space.
Where is this duplex located?
The property is located at 55 Glendale Avenue Hartford, CT.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Well‑maintained two‑family home built in 1920; Two spacious units, each with 2 bedrooms and 1 bathroom; About 700+ sq ft of living space per unit
