For Sale
$3,900,000

443 Washington St Hartford, CT 06106

Six-building, 47-unit apartment complex in Hartford, CT.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a portfolio of six multifamily buildings totaling 47 units, strategically located in Hartford, Connecticut. The asking price is $3,900,000, representing a price per unit of $82,978.72 and a compelling 7.44% cap rate with a Net Operating Income (NOI) of $290,114. The portfolio comprises 12 units at 443 Washington St, 8 units at 1004 Broad St, 6 units at 1040 Capitol Ave, 9 units at 1041 Capitol Ave, 6 units at 16 Harper St, and 6 units at 22 Harper St. Recent renovations have modernized kitchens and bathrooms throughout the properties, enhancing their appeal and rental potential. 1006 Broad St underwent a complete renovation in 2019. Five of the locations feature separate meters for gas, hot water, and electricity (tenant-paid utilities), while 443 Washington St includes heat and hot water. This portfolio offers a new owner immediate income generation with the potential for further revenue growth through future rent increases as units turn over. The property is located in Hartford County, Connecticut, with a zip code of 06106. This is a turnkey investment ready for immediate ownership.

Highlights

  • Six-building multifamily portfolio totaling 47 units in Hartford, CT.
  • Asking price: $3,900,000, $82,978.72 per unit, 7.44% cap rate, $290,114 NOI.
  • Unit breakdown: 12 units at 443 Washington St, 8 at 1004 Broad St, 6 at 1040 Capitol Ave, 9 at 1041 Capitol Ave, 6 at 16 Harper St, and 6 at 22 Harper St.
  • Recent renovations include updated kitchens and bathrooms; 1006 Broad St fully renovated in 2019.
  • Five buildings have separate meters for gas, hot water, and electricity (tenant-paid); 443 Washington St includes heat and hot water.
  • Turnkey investment with immediate income and potential for rent growth.

Property Details for 443 Washington St

Property type
Apartment buildings
Buildings
6
Units
47

Location Insight

City
Hartford
County
Hartford
State
Connecticut
Latitude
41.7480443
Longitude
-72.6837141

FAQs

What type of property is this?
Apartment building - Six-building, 47-unit apartment complex in Hartford, CT.
Where is the apartment building located?
The property is located at 443 Washington St Hartford, CT.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Six-building multifamily portfolio totaling 47 units in Hartford, CT.; Asking price: $3,900,000, $82,978.72 per unit, 7.44% cap rate, $290,114 NOI.; Unit breakdown: 12 units at 443 Washington St, 8 at 1004 Broad St, 6 at 1040 Capitol Ave, 9 at 1041 Capitol Ave, 6 at 16 Harper St, and 6 at 22 Harper St.
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443 Washington St
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