Renovated Three-Unit
For Sale
$499,900
99-101 Campfield Ave, Hartford, CT 06114
Three-unit residential income property with spacious rooms, updated kitchens, and garage storage.
Property Size3,120 SF
Price / SF$160.22
Days on Market36
Property Features for 99-101 Campfield Ave
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR, 1 x 2BR
Multifamily Units
3
Building Details
Year Built
1920
Listing Agency:
Golden Rule Realty
(860) 523-1515
Listed By:
Amandio Seguro · License #RES.0609290
Source:
Homesbyshoshana
Added: Jul 27
Changed: Aug 29
Last Checked: Aug 30 at 8:31PM
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 Golden Rule Realty
Investment Insights
Based on property information with market context.
This three-unit property offers two three-bedroom residences and a two-bedroom third-floor unit within a 3,120-square-foot building constructed in 1920. The first floor has recently completed renovations, while the second floor received a new kitchen before the existing tenant moved in. Spacious rooms provide functional layouts across the apartments.
The property is located in Hartford’s south end, in the Barry Square area. Building improvements include two gas heating systems installed about 5 years ago, a garage roof replaced in 2025, and aluminum exterior trim completed about 5 years ago. The address is 99-101 Campfield Ave.
The property is located in Hartford’s south end, in the Barry Square area. Building improvements include two gas heating systems installed about 5 years ago, a garage roof replaced in 2025, and aluminum exterior trim completed about 5 years ago. The address is 99-101 Campfield Ave.
Key Highlights
- Three‑unit configuration with two 3‑bedroom units and one 2‑bedroom unit
- 3,120 SF building constructed in 1920
- First‑floor renovation recently completed
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,813
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$916,260
$916.3K
Cap Rate 7%
$654,471
$654.5K
Cap Rate 9%
$509,033
$509.0K
Market Conditions
NOI Build-Up for 3,120 SF
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.
Gross rent
$69.3K $22.20/SF
− Vacancy
−$3.8K −$1.22/SF
EGI
$65.4K $20.98/SF
− OpEx
−$19.6K −$6.29/SF
NOI
$45.8K $14.68/SF
Area
Hartford, CT
Vacancy
5.51%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$916,260
Cap Rate 7%
$654,471
Cap Rate 9%
$509,033
Alternative Uses
Best Use
Multifamily LT 5
$654.5K
$572.7K – $763.6K
NOI $45,813 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$601.3K
$526.2K – $701.6K
NOI $42,093 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$930.0K
$813.7K – $1.08M
NOI $65,099 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 06114, CT
26,257
Population
11,206
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
4.0 sq mi
ZIP Area
6,564
Density / Sq Mi
$47,905
Median Household Income
$31,996
Median Earnings
$1,296
Median Rent
$228,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with spacious rooms, updated kitchens, and garage storage.
Where is this triplex located?
The property is located at 99-101 Campfield Ave Hartford, CT.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Three‑unit configuration with two 3‑bedroom units and one 2‑bedroom unit; 3,120 SF building constructed in 1920; First‑floor renovation recently completed
