Updated Duplex in East
76-78 Higbie Drive East Hartford, CT 06108
76-78 Higbie Drive, East Hartford, CT, 06108
$439,000
For Sale
$439,000
Well-maintained, fully tenanted duplex with modern updates and immediate cash flow.
Property Size1,584 SF
Price / SF$277.15
Days on Market103
Property Features for 76-78 Higbie Drive
General Information
- Standard status
- Active
- Size
- 1,584 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1942
Listing Agency
eXp Realty
(860) 995-1181
Listed by
Yahira Rodriguez
(860) 995-1181
Source
Lockandkeyre
Added: Apr 7 Checked: Jul 17 at 6:04 am
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 eXp Realty
Investment Insights
Based on property information with market context.
Located at 76-78 Higbie Drive in East Hartford, this well-maintained duplex offers an investment opportunity. Each of the two units features 2 bedrooms, providing living spaces for tenants. The property has been recently updated, offering improvements that enhance appeal and long-term value. Separate driveways for each unit provide tenants with convenience and privacy. The property is fully tenant-occupied, allowing for immediate cash flow. The location is near local amenities, shopping, dining, and major commuter routes, combining rental potential with a desirable location. The property size is 1584 square feet.
Key Highlights
- Fully tenant‑occupied, providing immediate cash flow.
- Recently updated, offering modern improvements.
- Each unit features 2 spacious bedrooms.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.2k | $22.20 |
| − Vacancy | −$1.9k | −$1.22 |
| EGI | $33.2k | $20.98 |
| − OpEx | −$10.0k | −$6.29 |
| NOI | $23.3k | $14.68 |
1,584 SF · lease $22.20/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$332.3K
$290.7K – $387.7K
NOI $23,259 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$305.3K
$267.1K – $356.2K
NOI $21,370 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$472.1K
$413.1K – $550.8K
NOI $33,050 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained, fully tenanted duplex with modern updates and immediate cash flow.
Where is this duplex located?
The property is located at 76-78 Higbie Drive East Hartford, CT.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Fully tenant‑occupied, providing immediate cash flow.; Recently updated, offering modern improvements.; Each unit features 2 spacious bedrooms.
