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3-Unit Triplex with Balconies
New
For Sale
$879,900

786 Farmington Avenue, West Hartford, CT 06119

Multi-Family For Sale, Units on different Floors, West Hartford, CT

Property Size4,669 SF
Lot Size0.17 Acres
Price / SF$188.46
Days on Market2

Property Features for 786 Farmington Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RM-1
Bedrooms 8
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bedroom 7, Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Basement, Bathroom 1, Bedroom 8
Patio and Porch features Deck
Exterior features Balcony,Covered Deck
Fireplace 1
Basement Full
Lot features Level Lot
Elementary school Per Board of Ed
High school Per Board of Ed
Directions Farmington Ave
Standard status Active
Size 4,669 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2027
Tax Annual Amount 15549

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating)
Water source Public

Amenities

working fireplaces
coffered ceilings
hardwood floors
covered balcony
garage

Building Details

Year built 1924
Architectural style Other
Listing Agency: ERA Blanchard & Rossetto · ERA Real Estate
Listed By: Jamison Caporale
Added: Oct 16 Last Checked: Oct 17 at 3:06AM
MLS# 24214600

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.

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Investment Insights

Based on property information with market context.

This 4,669-square-foot triplex has three residences, one per floor. Each unit spans the building from front to rear and has a covered balcony. Interior details include hardwood floors, coffered ceilings, and two working fireplaces. The property was built in 1924 and sits on a 0.17-acre lot.

Off-street parking and a garage serve the property. It is located within one mile of Blue Back Square and is zoned RM-1.

Key Highlights

  • Three units, each occupying a separate floor and extending from front to rear
  • 4,669 square feet on a 0.17‑acre lot
  • Covered balcony serving each residence

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$68,558
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,371,160 $1.4M
Cap Rate 7%
$979,400 $979.4K
Cap Rate 9%
$761,756 $761.8K
Market Conditions
NOI Build-Up for 4,669 SF
Gross rent
$103.7K $22.20/SF
− Vacancy
−$5.7K −$1.22/SF
EGI
$97.9K $20.98/SF
− OpEx
−$29.4K −$6.29/SF
NOI
$68.6K $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%
$1,371,160
Cap Rate 7%
$979,400
Cap Rate 9%
$761,756

Alternative Uses

Best Use
Multifamily LT 5
$979.4K
$857.0K – $1.14M (±1% cap)
NOI $68,558 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$899.9K
$787.4K – $1.05M (±1% cap)
NOI $62,991 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M (±1% cap)
NOI $97,419 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Locksmith (Bike/Boat/Book/etc) Store Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,147
Businesses Nearby

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

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Each residence occupies its own floor and runs from the front of the building to the rear.
Where is this triplex located?
The property is located at 786 Farmington Avenue West Hartford, CT.
What is the asking price?
The asking price for this property is $879,900.
What are key features of this property?
This property features: Three units, each occupying a separate floor and extending from front to rear; 4,669 square feet on a 0.17‑acre lot; Covered balcony serving each residence
More about this property
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