Duplex with Finished
New
For Sale
$699,000
65 Burr Street, West Hartford, CT 06107
Multi-Family For Sale, Units on different Floors, West Hartford, CT
Property Size2,924 SF
Lot Size0.20 Acres
Price / SF$239.06
Days on Market3
Property Features for 65 Burr Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-3
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 6, Basement, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 3
Exterior features
Balcony,Shed
Basement
Unfinished, Full
Lot features
Treed, Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Traveling North on S. Main St, turn right onto Burr St.
Standard status
Active
Size
2,924 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13191
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Other (Heating)
Water source
Public
Building Details
Year built
1925
Architectural style
Other
Listing Agency:
ERA Blanchard & Rossetto · ERA Real Estate
(860) 646-2482
Listed By:
Jamison Caporale
(860) 709-0268
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 5 at 4:06PM
MLS# 24203809
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.
Investment Insights
Based on property information with market context.
This two-family duplex contains 2,924 square feet and dates to 1925. The property includes six listed bedrooms, two bathrooms, a basement, and a third-floor walk-up attic with finished, floored storage space. Updates have been made throughout, while the home retains its older character. Exterior features include a balcony and shed.
Set on 0.2 acres in West Hartford, the property carries RM-3 zoning and is connected to public water and public sewer. Heating includes hot water service and an additional heating type identified in the property information. The sale is offered as-is.
Set on 0.2 acres in West Hartford, the property carries RM-3 zoning and is connected to public water and public sewer. Heating includes hot water service and an additional heating type identified in the property information. The sale is offered as-is.
Key Highlights
- Two‑family duplex with 2,924 square feet
- Third‑floor walk‑up attic with finished, floored storage space
- Six listed bedrooms, two bathrooms, and a basement
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 updated interiors, balcony, shed, and public water and sewer.
Where is this duplex located?
The property is located at 65 Burr Street 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 square feet; Third‑floor walk‑up attic with finished, floored storage space; Six listed bedrooms, two bathrooms, and a basement
