Partially Completed Multifamily
For Sale
$275,000
6-8 Lebanon Street, Hartford, CT 06112
Partially finished property with a remodeled vacant unit and recent exterior improvements.
Property Size1,120 SF
Price / SF$245.54
Days on Market47
Property Features for 6-8 Lebanon Street
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
partially completed
Building Details
Year Built
1942
Listing Agency:
PrefeQ Realty
Listed By:
Fabian Weir · License #WEIRF
(860) 995-8326
Source:
Foreverhomesrealestate
Added: Sep 9
Changed: Oct 14
Last Checked: Oct 24 at 1:58PM
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 PrefeQ Realty
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Investment Insights
Based on property information with market context.
This partially completed multifamily property includes a vacant unit that has been fully remodeled. Exterior work completed within the last 2 years includes a new roof, gutters, and decks. The property is located near a hospital in Hartford, Connecticut, supporting consideration of short-, mid-, and long-term rental use. The property measures 1,120 square feet and was built in 1942.
Key Highlights
- Vacant unit has been completely remodeled
- New roof, gutters, and decks completed within the last 2 years
- 1,120‑square‑foot multifamily property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,110
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,200
$302.2K
Cap Rate 7%
$215,857
$215.9K
Cap Rate 9%
$167,889
$167.9K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$29.2K $26.04/SF
− Vacancy
−$1.7K −$1.51/SF
EGI
$27.5K $24.53/SF
− OpEx
−$12.4K −$11.04/SF
NOI
$15.1K $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%
$302,200
Cap Rate 7%
$215,857
Cap Rate 9%
$167,889
Alternative Uses
Best Use
Apartment 5plus
$215.9K
$188.9K – $251.8K
NOI $15,110 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$333.8K
$292.1K – $389.5K
NOI $23,369 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Partially finished property with a remodeled vacant unit and recent exterior improvements.
Where is this multifamily property located?
The property is located at 6-8 Lebanon Street Hartford, CT.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Vacant unit has been completely remodeled; New roof, gutters, and decks completed within the last 2 years; 1,120‑square‑foot multifamily property
