Updated Two-Family Home with Central
987 Silver Lane East Hartford, CT 06118
987 Silver Lane, East Hartford, CT, 06118
$650,000
For Sale
$650,000
MULTI_FAMILY - East Hartford, CT
Property Size3,244 SF
Lot Size0.91 Acres
Price / SF$200.37
Days on Market47
Property Features for 987 Silver Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 7, Bedroom 6, Basement, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
- Parking
- 8
- Basement
- Full, Partially Finished
- Standard status
- Active
- Size
- 3,244 SF
- Lot size
- 0.91 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 12455
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2010
- Architectural style
- Other
Listing Agency
Brass Moon Realty
(203) 945-1000
211 Chase Avenue, Waterbury, CT
Listed by
Ben Weinberg · License #RES.0813934
(917) 974-6356
Added: Jun 4 Checked: Jul 20 at 10:06 am
MLS# 24181269
Listing URL
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.
Investment Insights
Based on property information with market context.
This move-in-ready two-family home at 987 Silver Lane has been updated throughout and is configured with separate living spaces. The property totals 7 bedrooms and includes updated kitchens and bathrooms, along with generous bedroom sizes and modern finishes throughout. Central air conditioning provides year-round comfort for both units. Off-street parking is available with ample space for multiple vehicles, supporting day-to-day convenience for residents and guests.
Zoned R-2, the property is located in East Hartford, CT, with convenient access to shopping, dining, schools, parks, public transportation, and major highways. This combination of features and location helps support a variety of household arrangements, from day-to-day owner use to multi-tenant occupancy.
The straightforward two-unit layout makes the property practical for owner-occupants who want to live in one unit while renting the other, as well as for investors looking for a turnkey, low-maintenance ownership profile. With the home already updated and centrally cooled, it may appeal to tenants who value ready-to-occupy living spaces and to owners seeking a property designed for comfortable day-to-day living.
Zoned R-2, the property is located in East Hartford, CT, with convenient access to shopping, dining, schools, parks, public transportation, and major highways. This combination of features and location helps support a variety of household arrangements, from day-to-day owner use to multi-tenant occupancy.
The straightforward two-unit layout makes the property practical for owner-occupants who want to live in one unit while renting the other, as well as for investors looking for a turnkey, low-maintenance ownership profile. With the home already updated and centrally cooled, it may appeal to tenants who value ready-to-occupy living spaces and to owners seeking a property designed for comfortable day-to-day living.
Key Highlights
- Updated 2‑family home on Silver Lane in East Hartford with a total of 7 bedrooms
- Year built 2010 with central air (central air conditioning)
- Each unit features separate living spaces with updated kitchens and updated bathrooms
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 | $72.0k | $22.20 |
| − Vacancy | −$4.0k | −$1.22 |
| EGI | $68.0k | $20.98 |
| − OpEx | −$20.4k | −$6.29 |
| NOI | $47.6k | $14.68 |
3,244 SF · lease $22.20/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$680.5K
$595.4K – $793.9K
NOI $47,634 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$625.2K
$547.1K – $729.4K
NOI $43,766 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$966.9K
$846.1K – $1.13M
NOI $67,686 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Along Race Wear
Textile Manufacturer
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FAQs
What type of property is this?
Duplex - Move-in-ready two-family residence offering separate living spaces, updated interiors, central air, and ample off-street parking.
Where is this duplex located?
The property is located at 987 Silver Lane East Hartford, CT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Updated 2‑family home on Silver Lane in East Hartford with a total of 7 bedrooms; Year built 2010 with central air (central air conditioning); Each unit features separate living spaces with updated kitchens and updated bathrooms
