Two-Family Residential Income
For Sale
$374,900
Pending
748 Burnside, East Hartford, CT 06108
Well-maintained two-family home with private entrances, hardwood floors, two bedrooms per unit, and a two-car garage.
Property Size2,236 SF
Days on Market128
Property Features for 748 Burnside
General Information
Standard status
Pending
Size
2,236 SF
Total Parking Spaces
2
Property subtype
2 Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Premier Properties of CT
(860) 756-0980
Listed By:
Mariella Quintana · License #RES.0811518
(860) 371-4583
Source:
Lockandkeyre
Added: Jun 18
Changed: Oct 21
Last Checked: Oct 23 at 8:00AM
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 Premier Properties of CT
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Investment Insights
Based on property information with market context.
This well-maintained two-family residence is designed with separate living spaces for each unit, including private entrances. Each unit includes hardwood floors, a large living room and kitchen area, two spacious bedrooms, and one bathroom. The property also features convenient solar panels, along with a two-car garage and a clean, dry, large basement space.
The home is located in East Hartford in a convenient, quiet setting, with access to a bus line just steps away and proximity to the Manchester border.
The home is located in East Hartford in a convenient, quiet setting, with access to a bus line just steps away and proximity to the Manchester border.
Key Highlights
- Well‑maintained two‑family home built in 1920
- Hardwood floors throughout
- Two bedrooms and one bathroom per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,833
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,660
$656.7K
Cap Rate 7%
$469,043
$469.0K
Cap Rate 9%
$364,811
$364.8K
Market Conditions
NOI Build-Up for 2,236 SF
Gross rent
$49.6K $22.20/SF
− Vacancy
−$2.7K −$1.22/SF
EGI
$46.9K $20.98/SF
− OpEx
−$14.1K −$6.29/SF
NOI
$32.8K $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%
$656,660
Cap Rate 7%
$469,043
Cap Rate 9%
$364,811
Alternative Uses
Best Use
Multifamily LT 5
$469.0K
$410.4K – $547.2K
NOI $32,833 @ 7.0% cap · market cap 8.76%
Second Best
Apartment 5plus
$431.0K
$377.1K – $502.8K
NOI $30,167 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$666.5K
$583.2K – $777.6K
NOI $46,654 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
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Business Placement
Demographics for 06108, CT
24,201
Population
9,963
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
85%
High-School Grad
8.1 sq mi
ZIP Area
2,988
Density / Sq Mi
$55,766
Median Household Income
$35,801
Median Earnings
$1,161
Median Rent
$218,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family home with private entrances, hardwood floors, two bedrooms per unit, and a two-car garage.
Where is this duplex located?
The property is located at 748 Burnside East Hartford, CT.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Well‑maintained two‑family home built in 1920; Hardwood floors throughout; Two bedrooms and one bathroom per unit
