57 Phelps Street, East Hartford, CT 06108
MULTI_FAMILY - East Hartford, CT
- Added:
- Jun 23, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 57 Phelps Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-4
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Basement, Bedroom 3, Bedroom 2, Bedroom 1
- Parking
- 2
- Basement
- Unfinished, Partial
- Standard status
- Active
- Size
- 1,678 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5255
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1850
- Architectural style
- Other
Listing agent Daniel Alvarado License #RES.0787079 (860) 593-6635
Listing office Better Homes and Gardens Real Estate Executive Real Estate 17 School St, Glastonbury, CT (860) 633-8800
Listing date Jun 23, 2026
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Year built: 1850
- Heating: hot water
- Public water supply
- Public sewer
- Layout includes 3 bedrooms and 2 bathrooms
- Basement included
Overview
The property is located at 57 Phelps Street in East Hartford, Connecticut 06108, in Hartford County. With its compact site footprint, the unit configuration is positioned for straightforward ownership and day-to-day management consistent with an income residential product.
This type of asset can be a practical fit for buyers looking for a finished, move-in ready first-floor apartment within a residential income structure. The R-4 zoning designation supports residential use, and the clearly identified first-floor apartment makes it easier to market and operate the unit as part of an income-focused holding. For tenants and owner-operators, the core value here is the ready condition noted in the remarks, paired with the manageable property scale reflected in the provided size and lot information.
Local Financial Insights For Apartment 5plus
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 | $43.7k | $26.04 |
| − Vacancy | −$2.5k | −$1.51 |
| EGI | $41.2k | $24.53 |
| − OpEx | −$18.5k | −$11.04 |
| NOI | $22.6k | $13.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- East Hartford
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.639921
- Latitude
- 41.770723
