Three-Unit Multifamily
For Sale
$499,900
61-63 Elliott St, Hartford, CT 06114
Three residences offer kitchens, living rooms, and full bathrooms within a functional multifamily layout.
Property Size2,943 SF
Price / SF$169.86
Days on Market50
Property Features for 61-63 Elliott St
General Information
Standard status
Active
Size
2,943 SF
Property subtype
Multi-Family
Building Details
Year Built
1908
Listing Agency:
I'Lann Realty, LLC
Listed By:
Ajani Graham (203) 815-8921 (475) 775-5427 · License #RES.0834610
(203) 815-8921
Source:
Yourcthomeguide
Added: Sep 2
Changed: Oct 10
Last Checked: Oct 20 at 9:07PM
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 I'Lann Realty, LLC
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Investment Insights
Based on property information with market context.
Located at 61-63 Elliott Street in Hartford’s South End, this three-unit multifamily property was built in 1908. Each residence includes three bedrooms, one full bathroom, a kitchen, and a living room, creating a consistent configuration across the building. The property also includes a full basement and off-street parking.
The NX-2-zoned property is near shopping, restaurants, public transportation, major highways, schools, and other local amenities. Its three-unit layout and established residential configuration support both owner-occupancy and rental use.
The NX-2-zoned property is near shopping, restaurants, public transportation, major highways, schools, and other local amenities. Its three-unit layout and established residential configuration support both owner-occupancy and rental use.
Key Highlights
- Three residential units, each with 3 bedrooms and 1 full bathroom
- Each unit includes a kitchen and living room
- Full basement included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,214
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,280
$864.3K
Cap Rate 7%
$617,343
$617.3K
Cap Rate 9%
$480,156
$480.2K
Market Conditions
NOI Build-Up for 2,943 SF
Gross rent
$65.3K $22.20/SF
− Vacancy
−$3.6K −$1.22/SF
EGI
$61.7K $20.98/SF
− OpEx
−$18.5K −$6.29/SF
NOI
$43.2K $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 Rate 5%
$864,280
Cap Rate 7%
$617,343
Cap Rate 9%
$480,156
Alternative Uses
Best Use
Multifamily LT 5
$617.3K
$540.2K – $720.2K
NOI $43,214 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$567.2K
$496.3K – $661.8K
NOI $39,705 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$877.2K
$767.6K – $1.02M
NOI $61,406 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,909
Businesses Nearby
Explore this area
Business Placement
Demographics for 06114, CT
26,257
Population
11,206
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
4.0 sq mi
ZIP Area
6,564
Density / Sq Mi
$47,905
Median Household Income
$31,996
Median Earnings
$1,296
Median Rent
$228,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer kitchens, living rooms, and full bathrooms within a functional multifamily layout.
Where is this triplex located?
The property is located at 61-63 Elliott St Hartford, CT.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Three residential units, each with 3 bedrooms and 1 full bathroom; Each unit includes a kitchen and living room; Full basement included
