$975,000

Multi Family In East Hartford

  • 6 Beds
  • 6 Baths
  • 2,752 Sqft
  • 21,345 Sqft lot
  • Updated: September 10
  • Source:
    SmartMLS  MLS#24205752

About the Property

Tour dates available: 9/16 and 9/18. Six-unit, single-story garden-style multifamily investment on nearly a half-acre in East Hartford. Built in 1956, the property offers a unit mix of five one-bedrooms and one flexible efficiency, with on-site coin-op laundry and tenant storage lockers. Off-street parking serves all units. Utilities are individually metered for electric, with seven separate gas m
Tour dates available: 9/16 and 9/18. Six-unit, single-story garden-style multifamily investment on nearly a half-acre in East Hartford. Built in 1956, the property offers a unit mix of five one-bedrooms and one flexible efficiency, with on-site coin-op laundry and tenant storage lockers. Off-street parking serves all units. Utilities are individually metered for electric, with seven separate gas meters (one for common areas, one per unit) supplying a central gas-fired heating and hot water system. This setup provides a clear path for a new owner to convert heat and hot water to tenant responsibility, adding further upside. Five of the six units have been fully renovated, offering turnkey interiors with updated kitchens, flooring, and finishes. In-place rents average below current pro forma levels, presenting an attractive mark-to-market opportunity as leases turn over. Ideally located minutes from downtown Hartford and the Connecticut River, with quick access to Interstates 84 and 91. The surrounding area benefits from a strong employment base anchored by a major aerospace manufacturer, along with nearby retail, dining, parks, and transit options. A well-maintained, manageable-scale asset offering both stable current income and meaningful upside for a value-add investor.
  • Property type

    Other

  • Year built

    1956

  • Price/sqft

    $354

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51 Forbes Street, East Hartford, Connecticut, United States View on Google Maps
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NortheastPCG, Inc - Shelton

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NortheastPCG, Inc - Shelton
Connecticut, United States
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NortheastPCG, Inc - Shelton
Shelton, Connecticut, United States
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Last updated
September 10
First listed
Sep 10
Listing reference
24205752
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