3-Unit Value-Add
86 Oakwood Avenue West Hartford, CT 06119
86 Oakwood Avenue, West Hartford, CT, 06119
$425,000
For Sale
$425,000
Three 1-bedroom, 1-bath units with hardwood floors, separate electric meters, and basement coin-operated laundry.
Property Size2,144 SF
Price / SF$198.23
Days on Market71
Property Features for 86 Oakwood Avenue
General Information
- Standard status
- Active
- Size
- 2,144 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1898
Listing agency
Oxford Realty
(860) 503-4971
Listed by
Saumya Mittal
(860) 503-4971
Source
Lockandkeyre
Added: May 13 Updated: Jul 21 at 3:16AM Checked: Jul 22 at 5:16AM
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 Oxford Realty
Investment Insights
Based on property information with market context.
This three-unit triple-decker offers a straightforward 1-bedroom, 1-bath layout across all units. The property includes beautiful hardwood floors and is set up with separate electric meters for streamlined utility management. A coin-operated laundry facility is available in the basement, and the building provides ample off-street parking.
Located in West Hartford, the property is described as minutes from Blue Back Square and West Hartford Center, with nearby access to restaurants, Whole Foods, and transit.
For practical configuration, the building consists of three separate residences in a consistent unit mix, supported by on-site shared laundry and dedicated electric metering.
Located in West Hartford, the property is described as minutes from Blue Back Square and West Hartford Center, with nearby access to restaurants, Whole Foods, and transit.
For practical configuration, the building consists of three separate residences in a consistent unit mix, supported by on-site shared laundry and dedicated electric metering.
Key Highlights
- Three‑unit property built in 1898 offering three 1‑bed, 1‑bath apartments
- Hardwood floors in the units
- Separate electric meters for each unit
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 | $47.6k | $22.20 |
| − Vacancy | −$2.6k | −$1.22 |
| EGI | $45.0k | $20.98 |
| − OpEx | −$13.5k | −$6.29 |
| NOI | $31.5k | $14.68 |
2,144 SF · lease $22.20/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$449.7K
$393.5K – $524.7K
NOI $31,482 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$413.2K
$361.6K – $482.1K
NOI $28,925 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$639.1K
$559.2K – $745.6K
NOI $44,735 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three 1-bedroom, 1-bath units with hardwood floors, separate electric meters, and basement coin-operated laundry.
Where is this triplex located?
The property is located at 86 Oakwood Avenue West Hartford, CT.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three‑unit property built in 1898 offering three 1‑bed, 1‑bath apartments; Hardwood floors in the units; Separate electric meters for each unit
