Updated Duplex with Finished
New
For Sale
$699,000
65 Burr St, West Hartford, CT 06107
Two-family property with renovated interiors and additional floored storage on the third floor.
Property Size2,924 SF
Price / SF$239.06
Days on Market4
Property Features for 65 Burr St
General Information
Standard status
Active
Size
2,924 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Buildings
1
Listing Agency:
ERA Blanchard & Rossetto
Listed By:
Jamison Caporale (860) 709-0268 (860) 646-2482
(860) 709-0268
Source:
Jaida.mappmyhome
Added: Sep 3
Changed: Sep 5
Last Checked: Sep 5 at 2:54PM
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 ERA Blanchard & Rossetto
Investment Insights
Based on property information with market context.
This two-family property in West Hartford provides 2,924 square feet of living space within a 1925 residence. Interior updates complement the building’s older architectural character, while the third-floor walk-up attic adds floored, finished storage space for practical flexibility. The property is being sold as is.
Key Highlights
- Two‑family duplex with 2,924 SF of living space
- Built in 1925
- Interior updates throughout
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
$42,935
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
6.14%
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%
$858,700
$858.7K
Cap Rate 7%
$613,357
$613.4K
Cap Rate 9%
$477,056
$477.1K
Market Conditions
NOI Build-Up for 2,924 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
$64.9K $22.20/SF
− Vacancy
−$3.6K −$1.22/SF
EGI
$61.3K $20.98/SF
− OpEx
−$18.4K −$6.29/SF
NOI
$42.9K $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%
$858,700
Cap Rate 7%
$613,357
Cap Rate 9%
$477,056
Alternative Uses
Best Use
Multifamily LT 5
$613.4K
$536.7K – $715.6K
NOI $42,935 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$563.6K
$493.1K – $657.5K
NOI $39,449 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$871.6K
$762.6K – $1.02M
NOI $61,009 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,681
Businesses Nearby
Explore this area
Business Placement
Demographics for 06107, CT
19,221
Population
8,305
Households
2.3
Avg Household Size
43
Median Age
76%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
2,869
Density / Sq Mi
$167,659
Median Household Income
$82,525
Median Earnings
$1,839
Median Rent
$455,700
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 renovated interiors and additional floored storage on the third floor.
Where is this duplex located?
The property is located at 65 Burr St West Hartford, CT.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑family duplex with 2,924 SF of living space; Built in 1925; Interior updates throughout
