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181-183 Burnside Ave 2,300 SF 1% Leased Office Building East Hartford, CT 06108 $434,900 ($189.09/SF) 12% Cap Rate



INVESTMENT HIGHLIGHTS
- Flexible Use - residential and/or commercial
- Plenty of Off-Street Parking
EXECUTIVE SUMMARY
Looking for reliable cash flow? This unique business/residential property is a rare opportunity with strong income potential—currently generating excellent returns and projected up to $4,400 per month. The building is in great condition, featuring updated mechanicals with newer natural gas furnaces, plus well-maintained roof, electrical, and plumbing systems. Flexibility is the key here: the first floor is currently rented as 3 rooms with a shared kitchen and bath, but could easily be converted into a single office, multiple professional suites, or even a full apartment. The second floor offers a spacious 3-bedroom apartment, ideal for steady rental income or owner occupancy. Added bonuses include a walk-up attic and walk-out basement for abundant storage, and plenty of private parking for tenants or clients. This property has also been previously used as office/residential and could even be adapted for retail or service use—making it a true mixed-use investment opportunity. Well-maintained and versatile, it’s perfect for investors seeking income or an owner-occupant looking to offset expenses. Residential financing may be available. Don’t miss this chance—schedule your showing today!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,300 SF
Building Class
C
Year Built
1920
Price
$434,900
Price Per SF
$189.09
Cap Rate
12%
NOI
$52,188
Percent Leased
1%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,150 SF
Building FAR
0.33
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
B1 - Commercial
Parking
9 Spaces (3.91 Spaces per 1,000 SF Leased)
AMENITIES
- Storage Space
1 1
PROPERTY TAXES
| Parcel Number | EHAR-000025-000000-000242 | Improvements Assessment | $86,650 |
| Land Assessment | $44,980 | Total Assessment | $131,630 |
PROPERTY TAXES
Parcel Number
EHAR-000025-000000-000242
Land Assessment
$44,980
Improvements Assessment
$86,650
Total Assessment
$131,630
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181-183 Burnside Ave
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