Three-Family Residential Income
For Sale
$479,900
260-262 , East Hartford, CT 06108
Well-maintained three-family property with hardwood floors, vinyl windows, upgraded roof, siding, and electrical panels.
Property Size2,488 SF
Price / SF$192.89
Days on Market159
Property Features for 260-262
General Information
Standard status
Active
Size
2,488 SF
Total Parking Spaces
8
Property subtype
3 Family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1880
Tenancy
Multi
Listing Agency:
eXp Realty
(866) 828-3951
Listed By:
Michael Truong · License #RES.0794690
(860) 818-2150
Source:
Lockandkeyre
Added: Apr 30
Changed: Oct 4
Last Checked: Oct 4 at 9:44AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This well-maintained three-family residential income building offers three separate units with generous bedrooms and hardwood floors throughout, along with vinyl windows. The property includes major exterior and systems updates, including a roof replacement in 2026, vinyl siding installed in 2021, and electrical breaker panel upgrades. Units are described as having long-term tenants who pay their own utilities.
The property also includes off-street parking improvements, with a 2-car garage plus a 6-car parking lot and wraparound double driveways. Public remarks indicate the building is located close to downtown, restaurants, parks, and a bus line, with convenient access to I-84, I-91, and Rt-2.
Sold as-is, this is a multifamily opportunity suitable for investors or owner-occupants seeking a three-unit structure with documented upgrades and established tenant occupancy.
The property also includes off-street parking improvements, with a 2-car garage plus a 6-car parking lot and wraparound double driveways. Public remarks indicate the building is located close to downtown, restaurants, parks, and a bus line, with convenient access to I-84, I-91, and Rt-2.
Sold as-is, this is a multifamily opportunity suitable for investors or owner-occupants seeking a three-unit structure with documented upgrades and established tenant occupancy.
Key Highlights
- Well‑maintained 3‑family property built in 1880
- Units feature hardwood floors and vinyl windows
- Major upgrades include roof (2026), vinyl siding (2021), and electrical breaker panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,533
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,660
$730.7K
Cap Rate 7%
$521,900
$521.9K
Cap Rate 9%
$405,922
$405.9K
Market Conditions
NOI Build-Up for 2,488 SF
Gross rent
$55.2K $22.20/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$52.2K $20.98/SF
− OpEx
−$15.7K −$6.29/SF
NOI
$36.5K $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 Rate 5%
$730,660
Cap Rate 7%
$521,900
Cap Rate 9%
$405,922
Alternative Uses
Best Use
Multifamily LT 5
$521.9K
$456.7K – $608.9K
NOI $36,533 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$479.5K
$419.6K – $559.4K
NOI $33,566 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$741.6K
$648.9K – $865.2K
NOI $51,912 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Explore this area
Business Placement
Demographics for 06108, CT
24,201
Population
9,963
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
85%
High-School Grad
8.1 sq mi
ZIP Area
2,988
Density / Sq Mi
$55,766
Median Household Income
$35,801
Median Earnings
$1,161
Median Rent
$218,800
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 property with hardwood floors, vinyl windows, upgraded roof, siding, and electrical panels.
Where is this triplex located?
The property is located at 260-262 East Hartford, CT.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Well‑maintained 3‑family property built in 1880; Units feature hardwood floors and vinyl windows; Major upgrades include roof (2026), vinyl siding (2021), and electrical breaker panels
