358 Wethersfield Ave · Hartford, CT 06114

$389,000

4 bd · 2.5 ba · 2,304 sqft · Condo public records · 39 Days on market

Built 1985 $169/sqft · 24% below area Est $514k · 24% under $585/mo HOA · 25% of rent

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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).

• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• Livability +3.8/5.0
• Cash flow +3.6/30.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• 1% rule +1.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Welcome home to this rare 2 unit townhouse in the south end of Hartford. The walk down unit has a very large and open living room/ kitchen area. 1 bedroom and 1 updated bathroom. Freshly painted, luxury vinyl flooring and modern cabinets with stainless steel appliances. The upper unit is a 2 level town house style unit that features 3 good sized bedrooms and 2 full and 1 half bathrooms. Large Master with updated bathroom. Kitchen is fully updated with brand new stainless steel appliances, new white shaker cabinets, quartz countertops and tile backsplash. New lighting fixtures and luxury vinyl plank flooring throughout. Newer roof, windows and boiler. Walking distance to schools, shopping and transportation. Don't miss your chance to own this unique 2 unit townhouse in Hartford's south end.

Key facts

• Quartz countertops
• Modern cabinets
• Updated bathroom

Tags

• UPDATED BATHROOM
• MODERN CABINETS
• STAINLESS STEEL APPLIANCES
• FULLY UPDATED KITCHEN
• QUARTZ COUNTERTOPS
• TILE BACKSPLASH

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath condo listed at $389k.

Deal economics

• At list price, monthly cash flow is $-1k ($-14k/yr) — negative.
• To cash-flow at today's rent, offer at most $186k (52.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $232k (40.3% below list).
• Recommended offer: $186k (52.2% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 76/100 on livability (#58 in CT, #3,553 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: schools D-, crime F, employment F.
• Hartford School District (urban): math 13% / reading 21% proficiency, ranked #150 of 153 in CT (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 84% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.5%/yr); 54 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 1,867 units permitted in Capitol Planning Region in 2024 (1,399 in 5+ unit buildings).
• At $2,323/mo this rent would consume 53% of the median local household income ($52k/yr) (locally 1897% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $42k of equity ($3k loan paydown + $39k appreciation (10.0% local appreciation)).
• By year 2, paydown + projected appreciation supports a ~$67k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($377k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $110k; list at $389k implies a 254% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 25% of rent.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $185,793 (52.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 52% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. 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?
9. 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.
10. 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.
11. 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: 0.60% ✗
• Cap rate: 2.74%
• Cash-on-cash: -12.67%
• DSCR: 0.44
• GRM: 14.0

CMA / ARV

• ARV (median comp): $514,145
• List price: $389,000
• Delta: -24.34%
• Verdict: UNDERPRICED
• Comps: 6 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 1.47% rent growth · sell at horizon

5-year hold

• IRR: 15.1%
• Equity multiple: 2.24×
• Total profit: $135,291
• Equity at exit: $350,442

10-year hold

• IRR: 14.5%
• Equity multiple: 5.13×
• Total profit: $449,748
• Equity at exit: $755,741

Cash invested: $108,920 (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 06114

• Home prices YoY: 4.7%
• Rents YoY: 1.5%
• Active inventory: 54
• Price-to-rent: 14.0×

Monthly cashflow live

• Estimated rent: $2,323 medium
• Mortgage (P&I): −$2,040
• Tax from tax record: −$198 /mo · $2,377/yr
• Insurance: −$162
• HOA: −$585
• Vacancy / Maint / Mgmt: −$488
• Net cashflow: $-1,150

Break-even live

Break-even rent $3,779

Max offer price $185,793

Occupancy floor —

Sensitivity live

Price	-10% $-930	-5% $-1,040	+0% $-1,150	+5% $-1,260	+10% $-1,371
Rent	-10% $-1,334	-5% $-1,242	+0% $-1,150	+5% $-1,059	+10% $-967
Rate	-1.0pp $-954	-0.5pp $-1,051	base $-1,150	+0.5pp $-1,251	+1.0pp $-1,354

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: $97,250
• Closing costs: $11,670
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
34 Goodrich St Hartford, CT	3.0	1.5	2392	$2,200	$0.92	4d	1	0.94mi
218 Grandview Ter Hartford, CT	3.0	1.0	2648	$2,000	$0.76	24d	1	1.16mi
99 Victoria Rd Hartford, CT	4.0	2.0	3355	$2,700	$0.80	12d	1	1.25mi

HOA detail condo

• Monthly dues: $585 · $7,020/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-18
   days on market $389,000 Active 39 DOM
2. 2026-06-17
   days on market $389,000 Active 38 DOM
3. 2026-06-16
   days on market $389,000 Active 37 DOM
4. 2026-06-15
   days on market $389,000 Active 36 DOM
5. 2026-06-13
   days on market $389,000 Active 34 DOM
6. 2026-06-13
   days on market $389,000 Active 33 DOM
7. 2026-06-10
   days on market $389,000 Active 31 DOM
8. 2026-06-09
   days on market $389,000 Active 30 DOM
9. 2026-06-08
   days on market $389,000 Active 29 DOM
10. 2026-06-07
    days on market $389,000 Active 28 DOM
11. 2026-06-05
    days on market $389,000 Active 25 DOM
12. 2026-06-03
    days on market $389,000 Active 24 DOM
13. 2026-06-02
    days on market $389,000 Active 23 DOM
14. 2026-06-01
    days on market $389,000 Active 22 DOM
15. 2026-05-31
    days on market $389,000 Active 21 DOM
16. 2026-05-15
    status Active 800-char remark

    Show marketing remark (800 chars)

    Welcome home to this rare 2 unit townhouse in the south end of Hartford. The walk down unit has a very large and open living room/ kitchen area. 1 bedroom and 1 updated bathroom. Freshly painted, luxury vinyl flooring and modern cabinets with stainless steel appliances. The upper unit is a 2 level town house style unit that features 3 good sized bedrooms and 2 full and 1 half bathrooms. Large Master with updated bathroom. Kitchen is fully updated with brand new stainless steel appliances, new white shaker cabinets, quartz countertops and tile backsplash. New lighting fixtures and luxury vinyl plank flooring throughout. Newer roof, windows and boiler. Walking distance to schools, shopping and transportation. Don't miss your chance to own this unique 2 unit townhouse in Hartford's south end.

17. 2026-05-11
    historical 800-char remark

    Show marketing remark (800 chars)

    Welcome home to this rare 2 unit townhouse in the south end of Hartford. The walk down unit has a very large and open living room/ kitchen area. 1 bedroom and 1 updated bathroom. Freshly painted, luxury vinyl flooring and modern cabinets with stainless steel appliances. The upper unit is a 2 level town house style unit that features 3 good sized bedrooms and 2 full and 1 half bathrooms. Large Master with updated bathroom. Kitchen is fully updated with brand new stainless steel appliances, new white shaker cabinets, quartz countertops and tile backsplash. New lighting fixtures and luxury vinyl plank flooring throughout. Newer roof, windows and boiler. Walking distance to schools, shopping and transportation. Don't miss your chance to own this unique 2 unit townhouse in Hartford's south end.

18. 2026-05-06
    listed $389,000 Active 800-char remark

    Show marketing remark (800 chars)

    Welcome home to this rare 2 unit townhouse in the south end of Hartford. The walk down unit has a very large and open living room/ kitchen area. 1 bedroom and 1 updated bathroom. Freshly painted, luxury vinyl flooring and modern cabinets with stainless steel appliances. The upper unit is a 2 level town house style unit that features 3 good sized bedrooms and 2 full and 1 half bathrooms. Large Master with updated bathroom. Kitchen is fully updated with brand new stainless steel appliances, new white shaker cabinets, quartz countertops and tile backsplash. New lighting fixtures and luxury vinyl plank flooring throughout. Newer roof, windows and boiler. Walking distance to schools, shopping and transportation. Don't miss your chance to own this unique 2 unit townhouse in Hartford's south end.

19. 2023-06-12
    soldstatus $110,000
20. 2006-07-20
    soldstatus $117,000
21. 1989-04-27
    soldstatus $127,500
22. 1986-04-01
    soldstatus $53,500

ⓘ 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: $2,377 · $198/mo
• Projected year-2 tax: $5,351 · $446/mo
• Expected delta: +$2,974/yr (+$248/mo · 125.1%)

ⓘ 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 · 17 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: $27,871
• − Mortgage interest: −$21,790
• − Property taxes: −$2,377
• − Insurance: −$1,945
• − Repairs & maintenance: −$2,230
• − Management: −$2,230
• − HOA: −$7,020
• − Depreciation: −$11,316
• Taxable loss: −$21,037
• Est. tax savings @ 24.0%: +$5,049
• After-tax cash flow: $-8,755/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: Hartford School District
• NCES district ID: 0901920
• Math proficiency: 13% ▼ -5.00%
• Reading proficiency: 21% ▼ -6.00%
• Median HH income: $30,521
• Composite: 13.54/100
• National rank: #9514
• State rank: #150 of 153 in CT

Livability — Hartford

• Score: 76/100
• State rank: #58
• US rank: #3553

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hartford, CT
• County: Hartford County · 754,208 people
• City population: 121,162
• Metro: Hartford-East Hartford-Middletown, CT
• Population (ZIP): 26,458
• Household income: $52,110
• Rent vs Own: 61.6% rent · 38.4% own
• Severe rent burden: 1897.0

Population outlook (Capitol County) Hauer SSP2

• By 2040: 1,063,519

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Hispanic / Latino 60% White 19% Black 19% Two or more races 10% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 36% Dominican 6%
• Common ancestry: American 6% Romanian 1% Lithuanian 1%
• Foreign-born: 31% · Canada, Jamaica
• Languages at home: 36% English-only · Spanish 49% Russian/Polish/Slavic 8% Other Indo-European 4%

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: ▲ 16.02%
• Current HPI: 356.5892
• Rent YoY: ▲ 1.47%
• 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

+627.1% since first listed

7 events — show timeline

• 2026-05-15 Relisted — Smart MLS
• 2026-05-11 Listing Removed — Smart MLS
• 2026-05-06 Listed $389,000 Smart MLS
• 2023-06-12 Sold (Public Records) $110,000 Public Records
• 2006-07-20 Sold (Public Records) $117,000 Public Records
• 1989-04-27 Sold (Public Records) $127,500 Public Records
• 1986-04-01 Sold (Public Records) $53,500 Public Records

Property tax history

+2.4%/yr

Latest (2025): $2,377 · +18.0% YoY. Source: county tax records.