67-69 Sisson St · East Hartford, CT 06118

$399,999

6 bd · 2.0 ba · 2,056 sqft · MultiFamily public records · 13 Days on market

Built 1923 6,534 sqft lot Est $354k · 13% over

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.8/30.0
• 1% rule +5.1/10.0
• DSCR +4.5/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• ARV discount +1.6/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Well-maintained side-by-side 2-family duplex offering a great opportunity for both owner-occupants and investors. Each unit features separate entrances, spacious living areas, and plenty of natural light. Property includes 6 bedrooms, 2 full baths, detached 1 car garage, and level yard. Conveniently located near shopping, restaurants, parks, schools, and major highways. One unit features central air. Strong potential for rental income or multi-generational living. Only one side has central air. Schedule your showing today.

Key facts

• Level yard
• Side-by-side duplex
• Natural light

Tags

• SIDE-BY-SIDE DUPLEX
• SEPARATE ENTRANCES
• SPACIOUS LIVING AREAS
• NATURAL LIGHT
• LEVEL YARD
• CENTRAL AIR

Property features AI

Finance

• Other: Contains 2 units (multi-family); Total of 14 rooms
• Financial info: Assessed value reported

Exterior

• Utilities: Public water connected; Public sewer connected; Natural gas available in street
• Home design: Multi-family property (2-family)
• Construction: Frame construction; Concrete foundation; Built area approximately 2,056 sq ft
• Exterior features: Level lot; Vinyl siding; Shingle roof

Interior

• Bedrooms: 6 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Hot air heating; 40-gallon natural gas hot water tank
• Interior features: Central air conditioning; Partial basement with hatchway

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $400k.

Deal economics

• At list price, monthly cash flow is $110 ($1k/yr) — positive. Per door: $55/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $400k).
• Cap rate 6.6% vs local median 4.2% in East Hartford — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#76 in CT) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, commute A-; Watch: schools D+, amenities F, health & safety F.
• East Hartford School District (urban): math 17% / reading 30% proficiency, ranked #140 of 153 in CT (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 100 active listings in the ZIP; solid renter incomes; 1,867 units permitted in Capitol Planning Region in 2024 (1,399 in 5+ unit buildings).
• At $4,041/mo this rent would consume 61% of the median local household income ($80k/yr) (locally 820% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 25y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $235k; list at $400k implies a 70% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $399,999

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.01% ✓
• Cap rate: 6.62%
• Cash-on-cash: 1.18%
• DSCR: 1.05
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $353,632
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
37 Whitney St	0.51mi	6/2.0	2,352 (+14%)	11mo	$405,000	$172	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.3%
• Equity multiple: 0.49×
• Total profit: $-57,528
• Equity at exit: $59,641

10-year hold

• IRR: -5.5%
• Equity multiple: 0.64×
• Total profit: $-39,998
• Equity at exit: $34,585

Cash invested: $112,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06118

• Home prices YoY: -33.7%
• Active inventory: 100
• Price-to-rent: 16.5×

Monthly cashflow live

• Estimated rent: $4,041 high
• Mortgage (P&I): −$2,098
• Tax from tax record: −$818 /mo · $9,812/yr
• Insurance: −$167
• HOA: −$0
• Vacancy / Maint / Mgmt: −$849
• Net cashflow: $110

Break-even live

Break-even rent $3,901

Max offer price $399,999

Occupancy floor 92%

Sensitivity live

Price	-10% $337	-5% $224	+0% $110	+5% $-3	+10% $-116
Rent	-10% $-209	-5% $-49	+0% $110	+5% $270	+10% $430
Rate	-1.0pp $312	-0.5pp $212	base $110	+0.5pp $7	+1.0pp $-99

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$4,040
Total (2 units)			$4,041

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $100,000
• Closing costs: $12,000
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-05-16
   listed $399,999 Active
2. 2024-04-13
   historical $1,800
3. 2024-04-08
   listed $1,800
4. 2023-03-04
   historical
5. 2023-01-05
   listed $314,900 Active
6. 2019-09-01
   historical
7. 2019-05-23
   status Active
8. 2019-03-28
   historical
9. 2019-03-23
   historical Under Contract - Continue to Show
10. 2019-03-15
    listed $247,000 Active
11. 2007-07-24
    soldstatus $235,000
12. 2007-06-27
    soldstatus $235,000
13. 2007-05-11
    listed $247,900
14. 2007-05-10
    historical
15. 2007-05-10
    historical
16. 2007-03-26
    listed $247,900
17. 2007-03-02
    listed $244,900
18. 2004-08-27
    soldstatus $189,000
19. 2004-08-27
    soldstatus $199,500
20. 2004-06-01
    listed $189,900
21. 2001-07-06
    soldstatus $122,000
22. 2001-06-29
    soldstatus $122,000
23. 2001-02-23
    listed $124,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $9,812 · $818/mo
• Projected year-2 tax: $9,812 · $818/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $48,492
• − Mortgage interest: −$22,406
• − Property taxes: −$9,812
• − Insurance: −$2,000
• − Repairs & maintenance: −$3,879
• − Management: −$3,879
• − Depreciation: −$11,636
• Taxable loss: −$5,121
• Est. tax savings @ 24.0%: +$1,229
• After-tax cash flow: $2,554/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: East Hartford School District
• NCES district ID: 0901260
• Math proficiency: 17% ▼ -5.00%
• Reading proficiency: 30% ▼ -7.00%
• Median HH income: $49,691
• Composite: 20.74/100
• National rank: #8519
• State rank: #140 of 153 in CT

Livability — East Hartford

• Score: 73/100
• State rank: #76
• US rank: #5527

Category grades

Amenities F Commute A- Cost of living A- Crime A Employment B- Housing A+ Health & safety F User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Hartford, CT
• County: Hartford County · 754,208 people
• City population: 50,918
• Metro: Hartford-East Hartford-Middletown, CT
• Population (ZIP): 27,419
• Household income: $79,740
• Rent vs Own: 27.6% rent · 72.4% own
• Severe rent burden: 820.0

Population outlook (Capitol County) Hauer SSP2

• By 2040: 1,063,519

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 40% Hispanic / Latino 33% Black 20% Two or more races 14% Asian 4%
• Hispanic origin (detail): Puerto Rican 22% Dominican 3%
• Common ancestry: Romanian 4% Lithuanian 4% Scotch-Irish 2%
• Foreign-born: 17% · Canada, Vietnam, Jamaica
• Languages at home: 65% English-only · Spanish 23% Other Indo-European 3% Russian/Polish/Slavic 2%

Political lean MEDSL · Capitol

• 2024 margin: Strong D (+21.9) · D 60.1% · R 38.2% · Other 1.7%
• All cycles: 2024: D+21.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -127.16%
• Current HPI: 250.5647
• Rent YoY: —
• Metro: Hartford-East Hartford-Middletown, CT
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+220.3% since first listed

23 events — show timeline

• 2026-05-16 Listed $399,999 Smart MLS
• 2024-04-13 Rental Removed $1,800 SMARTMLS
• 2024-04-08 Listed for Rent $1,800 SMARTMLS
• 2023-03-04 Listing Removed — Smart MLS
• 2023-01-05 Listed $314,900 Smart MLS
• 2019-09-01 Listing Removed — Smart MLS
• 2019-05-23 Relisted — Smart MLS
• 2019-03-28 Listing Removed — Smart MLS
• 2019-03-23 Contingent — Smart MLS
• 2019-03-15 Listed $247,000 Smart MLS
• 2007-07-24 Sold (Public Records) $235,000 Public Records
• 2007-06-27 Sold (MLS) $235,000 Smart MLS
• 2007-05-11 Listed $247,900 Smart MLS
• 2007-05-10 Listing Removed — Smart MLS
• 2007-05-10 Listing Removed — Smart MLS
• 2007-03-26 Listed $247,900 Smart MLS
• 2007-03-02 Listed $244,900 Smart MLS
• 2004-08-27 Sold (Public Records) $199,500 Public Records
• 2004-08-27 Sold (MLS) $189,000 Smart MLS
• 2004-06-01 Listed $189,900 Smart MLS
• 2001-07-06 Sold (Public Records) $122,000 Public Records
• 2001-06-29 Sold (MLS) $122,000 Smart MLS
• 2001-02-23 Listed $124,900 Smart MLS

Property tax history

+5.3%/yr

Latest (2025): $9,812 · +4.3% YoY. Source: county tax records.