Triplex with Recently Renovated First
For Sale
$499,900
99-101 Campfield Avenue, Hartford, CT 06114
MULTI_FAMILY - Hartford, CT
Property Size3,120 SF
Lot Size0.14 Acres
Price / SF$160.22
Days on Market48
Property Features for 99-101 Campfield Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
N2-3
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Basement, Bedroom 8, Bedroom 6, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 5, Bedroom 7
Parking
3
Basement
Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Bulkeley
Directions
Barry Square area corner of Campfield Ave and Bushnell St
Subdivision
Barry Square
Standard status
Active
Size
3,120 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6003
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1920
Architectural style
Other
Listing Agency:
Golden Rule Realty
(860) 523-1515
Listed By:
Amandio Seguro · License #RES.0609290
(860) 666-0217
Added: Jun 26
Changed: Aug 1
Last Checked: Aug 12 at 9:06AM
MLS# 24174521
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 well-maintained three-family triplex at 99-101 Campfield Avenue includes three separate units. The 1st and 2nd floors each offer three bedrooms, while the 3rd floor features two bedrooms with large, spacious rooms. The 1st floor renovation was just completed, and the 2nd floor received a new kitchen prior to the existing tenant moving in.
The property has two gas heating systems, approximately five years old, and hot water (heating). Water and sewer services are public. Built in 1920, the home also received exterior updates, including aluminum exterior trim installed about five years ago, and a new garage roof completed in 2025.
Zoned N2-3, this configuration can be attractive for owner-occupants or income-focused buyers seeking a solid, update-supported multi-family layout.
The property has two gas heating systems, approximately five years old, and hot water (heating). Water and sewer services are public. Built in 1920, the home also received exterior updates, including aluminum exterior trim installed about five years ago, and a new garage roof completed in 2025.
Zoned N2-3, this configuration can be attractive for owner-occupants or income-focused buyers seeking a solid, update-supported multi-family layout.
Key Highlights
- Three‑family triplex with 1st and 2nd floors as three‑bedroom units
- 3rd floor offers two bedrooms with large, spacious rooms
- 1st floor renovation just completed; 2nd floor new kitchen before existing tenant move‑in
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
985
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 - Well-maintained three-family with a newly renovated first floor and updated heating in N2-3 zoning.
Where is this triplex located?
The property is located at 99-101 Campfield Avenue 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‑family triplex with 1st and 2nd floors as three‑bedroom units; 3rd floor offers two bedrooms with large, spacious rooms; 1st floor renovation just completed; 2nd floor new kitchen before existing tenant move‑in
