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    Two-Family Residential Income Property Title is generated by Realmo AI

    85 Furnace St, Danielson, CT 06239

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    For Sale
    $325,000

    Two well-maintained units with comfortable layouts, plus a sizable yard and commuting access near major routes.

    Type:Multi Family
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:02 am

    Property Features for 85 Furnace St

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Jennifer Lehto
    Jennifer Lehto

    Listing agent Jennifer Lehto License #RES.0813752

    Listing office Real Broker CT, LLC

    Listing date Jun 3, 2026

    Source Elliman

    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 Real Broker CT, LLC

    HighLights

    • Two‑family property built in 1910
    • Each unit offers generous living space with comfortable room sizes and practical layouts
    • Nice sized yard with space for outdoor use
    • Convenient access near I‑395 and Route 6 for commuting and daily travel
    • Potential to add a 3rd unit in the basement pending town approvals

    Overview

    This well-maintained two-family property offers a practical setup for either owner-occupied living or rental income. Each unit features generous living space with comfortable room sizes and straightforward layouts designed for everyday use. The home also includes a nice sized yard that supports outdoor activities and additional functional space.

    Convenient location near I-395 and Route 6 helps make commuting and daily travel more manageable. The property’s access to these routes supports a range of tenant schedules and lifestyle needs.

    For buyers, the configuration allows an owner to potentially live in one unit while renting the other, which can simplify housing and income planning. There is also the possibility of a third unit in the basement, pending town approvals, offering a potential path to increase the property’s utility within the existing building footprint.
    Location Intelligence

    Current Use by Public Records

    Ritter Mobile Welding General Contractor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Danielson
    County
    Windham
    State
    Connecticut
    Longitude
    -71.883545
    Latitude
    41.802048

    Nearby Similar for Sale

    • $440,000

      Mixed-Use Income Property For Sale

      Mixed-use property with commercial and residential units in downtown.
      10 Center St, Danielson, CT 06239
      View Details
    • $242,000

      Four-Unit Multifamily Property

      Four-unit multifamily property with renovation potential on a corner lot.
      102 Cottage St, Danielson, CT 06239
      View Details

    FAQs

    What type of property is this?
    Duplex - Two well-maintained units with comfortable layouts, plus a sizable yard and commuting access near major routes.
    Where is this duplex located?
    The property is located at 85 Furnace St Danielson, CT.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Two‑family property built in 1910; Each unit offers generous living space with comfortable room sizes and practical layouts; Nice sized yard with space for outdoor use
    (860) 230-6679
    We can help!
    Listing Contact
    Jennifer Lehto
    Jennifer Lehto
    Real Estate License ID: RES.0813752
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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