Side-by-Side Duplex with
For Sale
$399,999
67-69 Sisson Street, East Hartford, CT 06118
Multi-Family For Sale, Units are Side-by-Side, East Hartford, CT
Property Size2,056 SF
Lot Size0.15 Acres
Price / SF$194.55
Days on Market97
Property Features for 67-69 Sisson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 6, Basement, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 1
Basement
Partial
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Main Street to Sisson Street
Subdivision
Burnside
Standard status
Active
Size
2,056 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9812
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
central air
Building Details
Year built
1923
Architectural style
Other
Listing Agency:
Better Homes and Gardens Real Estate Executive Real Estate
(860) 633-8800
Listed By:
Stacyann Chambers-Ferguson · License #RES.0802614
(959) 200-6682
Added: May 17
Changed: Aug 19
Last Checked: Aug 21 at 4:06AM
MLS# 24176204
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 side-by-side duplex contains two separate residences with a combined 2,056 square feet of living area. The property provides six bedrooms and two full bathrooms, with each unit having its own entrance and living space. One side is equipped with central air conditioning. A detached one-car garage, basement, and level yard add useful supporting features to the 0.15-acre property.
Built in 1923, the property is served by public water and public sewer and carries R-4 zoning. Shopping, restaurants, parks, schools, and major highways are located nearby. The two-unit configuration accommodates separate household living within one property, with the existing bedroom count providing flexibility for occupancy or rental use.
Built in 1923, the property is served by public water and public sewer and carries R-4 zoning. Shopping, restaurants, parks, schools, and major highways are located nearby. The two-unit configuration accommodates separate household living within one property, with the existing bedroom count providing flexibility for occupancy or rental use.
Key Highlights
- Side‑by‑side duplex with 2,056 square feet of living area
- Six bedrooms and 2 full bathrooms
- Detached 1 car garage with basement and level yard
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 separate residences offer six bedrooms, private entrances, and a level yard for flexible occupancy.
Where is this duplex located?
The property is located at 67-69 Sisson Street 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 duplex with 2,056 square feet of living area; Six bedrooms and 2 full bathrooms; Detached 1 car garage with basement and level yard
