Duplex with Two Three-Bedroom
New
For Sale
$360,000
87-89 Sisson, East Hartford, CT 06118
Both residences need kitchen work, with bathroom updates also required in each unit.
Property Size1,900 SF
Price / SF$159.15
Days on Market2
Property Features for 87-89 Sisson
General Information
Standard status
Active
Size
1,900 SF
Property subtype
2 Family
Lease Term
Listing ID: 24209517, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 1 day on market
Property Condition
Severity
Repairs Needed
Evidence
needs kitchen and bathroom remodel
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
Vision Real Estate
(860) 673-1125
Listed By:
Premchand Budhram · License #RES.0797516
(860) 712-8650
Source:
Iverty
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 10:44AM
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 Vision Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains two units, each configured with three bedrooms and one-and-a-half bathrooms. The unit at 89 Sisson St has hardwood floors and requires kitchen and bathroom remodeling. At 87 Sisson St, the bedrooms are carpeted, and the kitchen and bathroom need updates. The property was built in 1900 and is being offered in its current as-is condition.
Key Highlights
- Two units, each with 3 bedrooms and 1.5 bathrooms
- Built in 1900
- 89 Sisson St unit has hardwood floors; kitchen and bathroom remodeling needed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,517
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,340
$610.3K
Cap Rate 7%
$435,957
$436.0K
Cap Rate 9%
$339,078
$339.1K
Market Conditions
NOI Build-Up for 2,262 SF
Gross rent
$58.9K $26.04/SF
− Vacancy
−$3.4K −$1.51/SF
EGI
$55.5K $24.53/SF
− OpEx
−$25.0K −$11.04/SF
NOI
$30.5K $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%
$610,340
Cap Rate 7%
$435,957
Cap Rate 9%
$339,078
Alternative Uses
Best Use
Multifamily LT 5
$474.5K
$415.2K – $553.6K
NOI $33,215 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$436.0K
$381.5K – $508.6K
NOI $30,517 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$674.2K
$590.0K – $786.6K
NOI $47,197 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
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Business Placement
Demographics for 06118, CT
26,844
Population
11,656
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,712
Density / Sq Mi
$75,523
Median Household Income
$40,595
Median Earnings
$1,259
Median Rent
$213,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences need kitchen work, with bathroom updates also required in each unit.
Where is this duplex located?
The property is located at 87-89 Sisson East Hartford, CT.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1.5 bathrooms; Built in 1900; 89 Sisson St unit has hardwood floors; kitchen and bathroom remodeling needed
