Two-Family Residential Income
For Sale
$519,900
Pending
172 , Wethersfield, CT 06109
Two distinct units include dedicated porch access, a private upstairs deck, and shared laundry plus solar panels.
Property Size2,825 SF
Days on Market126
Property Features for 172
General Information
Standard status
Pending
Size
2,825 SF
Total Parking Spaces
1
Property subtype
2 Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1954
Stories
2
Tenancy
Multi
Listing Agency:
Berkshire Hathaway NE Prop.
(860) 515-3100
Listed By:
Patricia Deperry · License #RES.0788018
(860) 571-6659
Source:
Lockandkeyre
Added: Jun 2
Changed: Oct 4
Last Checked: Oct 4 at 9:38AM
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 Berkshire Hathaway NE Prop.
Investment Insights
Based on property information with market context.
This two-family residential income property offers two separate units with multiple outdoor and functional features. The first-floor unit includes two bedrooms, a living area, and a dining space, along with its own porch and ramp access. It also benefits from radiant floors, and the home is equipped with solar panels. The second-floor owner’s unit includes a kitchen that opens into living and dining areas, with vaulted ceilings in the primary bedroom and den, plus a private deck.
Outside, there is a covered patio with a built-in kitchen area and a fire pit. Additional improvements include a one-car garage, a shed, and a large shared laundry room.
The property is positioned for day-to-day walkability and has basic transit access based on the provided scores.
Outside, there is a covered patio with a built-in kitchen area and a fire pit. Additional improvements include a one-car garage, a shed, and a large shared laundry room.
The property is positioned for day-to-day walkability and has basic transit access based on the provided scores.
Key Highlights
- Two‑family home built in 1954 with two distinct units
- First‑floor unit includes 2 bedrooms, living area, dining space, and its own porch with ramp access
- Radiant floors on the first level and solar panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,482
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,640
$829.6K
Cap Rate 7%
$592,600
$592.6K
Cap Rate 9%
$460,911
$460.9K
Market Conditions
NOI Build-Up for 2,825 SF
Gross rent
$62.7K $22.20/SF
− Vacancy
−$3.5K −$1.22/SF
EGI
$59.3K $20.98/SF
− OpEx
−$17.8K −$6.29/SF
NOI
$41.5K $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%
$829,640
Cap Rate 7%
$592,600
Cap Rate 9%
$460,911
Alternative Uses
Best Use
Multifamily LT 5
$592.6K
$518.5K – $691.4K
NOI $41,482 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$544.5K
$476.4K – $635.2K
NOI $38,113 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$842.1K
$736.8K – $982.4K
NOI $58,944 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Explore this area
Business Placement
Demographics for 06109, CT
27,298
Population
11,833
Households
2.3
Avg Household Size
44
Median Age
54%
College-Educated
95%
High-School Grad
12.3 sq mi
ZIP Area
2,219
Density / Sq Mi
$118,523
Median Household Income
$70,225
Median Earnings
$1,303
Median Rent
$300,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct units include dedicated porch access, a private upstairs deck, and shared laundry plus solar panels.
Where is this duplex located?
The property is located at 172 Wethersfield, CT.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two‑family home built in 1954 with two distinct units; First‑floor unit includes 2 bedrooms, living area, dining space, and its own porch with ramp access; Radiant floors on the first level and solar panels
