Multifamily Building with
New
For Sale
$879,900
786 Farmington, West Hartford, CT 06119
Units occupy separate floors, with natural gas hot-water service in the building.
Property Size4,669 SF
Price / SF$188.46
Days on Market6
Property Features for 786 Farmington
General Information
Standard status
Active
Size
4,669 SF
Property subtype
3 Family
Building Details
Year Built
1924
Listing Agency:
ERA Blanchard & Rossetto
(860) 646-2482
Listed By:
Jamison Caporale · License #RES.0832142
(860) 709-0268
Source:
Lockandkeyre
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 20 at 10:44PM
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 ERA Blanchard & Rossetto
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Investment Insights
Based on property information with market context.
This 4,669-square-foot multifamily property was built in 1924 and includes balconies. Units are positioned on different floors, and the building has natural gas hot-water service.
Located at 786 Farmington Avenue in West Hartford, the property is zoned RM-1.
Located at 786 Farmington Avenue in West Hartford, the property is zoned RM-1.
Key Highlights
- 4,669‑square‑foot multifamily property
- Built in 1924
- RM‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,991
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,259,820
$1.3M
Cap Rate 7%
$899,871
$899.9K
Cap Rate 9%
$699,900
$699.9K
Market Conditions
NOI Build-Up for 4,669 SF
Gross rent
$121.6K $26.04/SF
− Vacancy
−$7.1K −$1.51/SF
EGI
$114.5K $24.53/SF
− OpEx
−$51.5K −$11.04/SF
NOI
$63.0K $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%
$1,259,820
Cap Rate 7%
$899,871
Cap Rate 9%
$699,900
Alternative Uses
Best Use
Apartment 5plus
$899.9K
$787.4K – $1.05M
NOI $62,991 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,419 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Units occupy separate floors, with natural gas hot-water service in the building.
Where is this multifamily property located?
The property is located at 786 Farmington 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: 4,669‑square‑foot multifamily property; Built in 1924; RM‑1 zoning
