Side-by-Side Duplex with
For Sale
$399,999
67-69 Sisson St, East Hartford, CT 06118
Two-family property with separate entrances, a level yard, and varied cooling service between units.
Property Size2,056 SF
Price / SF$194.55
Days on Market19
Property Features for 67-69 Sisson St
General Information
Standard status
Active
Size
2,056 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
central air
Building Details
Year Built
1923
Buildings
1
Listing Agency:
Better Homes and Gardens Real Estate Executive Real Estate
(888) 610-8078
Listed By:
Stacyann Chambers-Ferguson · License #RES.0802614
Source:
Themialeteam
Added: Aug 15
Changed: Aug 30
Last Checked: Aug 31 at 7:41PM
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 Better Homes and Gardens Real Estate Executive Real Estate
Investment Insights
Based on property information with market context.
Built in 1923, this side-by-side duplex contains 2,056 square feet with 6 bedrooms and 2 full baths. Each residence has its own entrance, generous living areas, and natural light. One unit is equipped with central air, while the other does not have central air. A detached 1-car garage and level yard serve the property.
The duplex is located at 67-69 Sisson St in East Hartford, near shopping, restaurants, parks, schools, and major highways. Its two-unit configuration can accommodate an owner-occupant arrangement, rental use, or multigenerational living, as supported by the existing layout.
The duplex is located at 67-69 Sisson St in East Hartford, near shopping, restaurants, parks, schools, and major highways. Its two-unit configuration can accommodate an owner-occupant arrangement, rental use, or multigenerational living, as supported by the existing layout.
Key Highlights
- Side‑by‑side 2‑family duplex with 2,056 square feet
- 6 bedrooms and 2 full baths across 2 units
- Separate entrances for each residence
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
$30,190
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
7.55%
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%
$603,800
$603.8K
Cap Rate 7%
$431,286
$431.3K
Cap Rate 9%
$335,444
$335.4K
Market Conditions
NOI Build-Up for 2,056 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
$45.6K $22.20/SF
− Vacancy
−$2.5K −$1.22/SF
EGI
$43.1K $20.98/SF
− OpEx
−$12.9K −$6.29/SF
NOI
$30.2K $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 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%
$603,800
Cap Rate 7%
$431,286
Cap Rate 9%
$335,444
Alternative Uses
Best Use
Multifamily LT 5
$431.3K
$377.4K – $503.2K
NOI $30,190 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$396.3K
$346.7K – $462.3K
NOI $27,738 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$612.8K
$536.2K – $715.0K
NOI $42,898 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 06118, CT
26,844
Population
11,656
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,712
Density / Sq Mi
$75,523
Median Household Income
$40,595
Median Earnings
$1,259
Median Rent
$213,200
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 separate entrances, a level yard, and varied cooling service between units.
Where is this duplex located?
The property is located at 67-69 Sisson St East Hartford, CT.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Side‑by‑side 2‑family duplex with 2,056 square feet; 6 bedrooms and 2 full baths across 2 units; Separate entrances for each residence
