781 Farmington Ave, West Hartford, CT 06119
For Sale
$1,295,000
Turn-key 3-unit mixed-use building with on-site parking, city services, and extensive window upgrades.
Property Size4,368 SF
Price / SF$296.47
Days on Market97
Property Features for 781 Farmington Ave
General Information
Standard status
Property type
Size
Class
Total Parking Spaces
Elevators
Building Details
Year Built
Year Renovated
Stories
Units
Listed By:
Amy Lapierre
(203) 903-1950
Added: Aug 5
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- Mixed Use RM‑O Zoning / Excellent visibility / Strong all‑day traffic approx 16000 / 5 mile radius demographics: 250,149 population with 99231 households at $100.7K avg household income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,930
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,600
$1.2M
Cap Rate 7%
$841,857
$841.9K
Cap Rate 9%
$654,778
$654.8K
Market Conditions
NOI Build-Up for 4,368 SF
Gross rent
$113.7K $26.04/SF
− Vacancy
−$6.6K −$1.51/SF
EGI
$107.1K $24.53/SF
− OpEx
−$48.2K −$11.04/SF
NOI
$58.9K $13.49/SF
Area
Hartford, CT
Vacancy
5.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,600
Cap Rate 7%
$841,857
Cap Rate 9%
$654,778
Alternative Uses
Best Use
Apartment 5plus
$841.9K
$736.6K – $982.2K
NOI $58,930 @ 7.0% cap · market cap 4.55%
Second Best
Mixed Use
$795.6K
$696.2K – $928.2K
NOI $55,692 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,138 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 06119, CT
14,843
Population
7,206
Households
2.1
Avg Household Size
37
Median Age
68%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
7,068
Density / Sq Mi
$105,522
Median Household Income
$63,122
Median Earnings
$1,646
Median Rent
$361,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Hartford County, CT
Properties on Market for Multifamily properties in Hartford County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Turn-key 3-unit mixed-use building with on-site parking, city services, and extensive window upgrades.
Where is this multifamily property located?
The property is located at 781 Farmington Ave West Hartford, CT.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Mixed Use RM‑O Zoning / Excellent visibility / Strong all‑day traffic approx 16000 / 5 mile radius demographics: 250,149 population with 99231 households at $100.7K avg household income.
