143-145 Putnam St - Apartments FOR SALE


Hartford, CT 06106- Frog Hollow
$575,000 USD
203-314-4219
143-145 Putnam St, Hartford, CT for Sale
$575,000 USD
Apartments - FOR SALE
1/20
null | 12.64% Cap Rate

143-145 Putnam St
Hartford, CT 06106
Frog Hollow


HIGHLIGHTS

  • Value Add
  • Attractive Unit Mix: 4 two bed units 2 four bed units
  • Separate & Tenant Paid Utilities
  • Large Corner Lot
  • Big Upside!

OVERVIEW

12% CAP with full occupancy. Rare opportunity to acquire a six-unit multifamily on a prominent corner lot in Frog Hollow, featuring a strong unit mix of spacious 2- and 3-bedroom layouts, each approximately 1,000 SF. Units have been updated with a range of improvements including hardwood flooring in select units, renovated kitchens and baths, and updated paint and fixtures. The property is serviced by gas heat (owner paid), while tenants are responsible for gas hot water, cooking, and separately metered electricity. The building offers limited off-street parking at the rear (tandem configuration), with ample on-street parking available. Well-positioned for tenant demand, the location provides immediate access to Downtown Hartford, Trinity College Athletic Fields, and Hartford Hospital, along with convenient proximity to major highways, public transportation, and neighborhood retail and dining.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

6

PRICE/UNIT

$95,833

CAP RATE

12.64%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add: 12% CAP in Frog Hollow!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

NX-3

APN/PARCEL ID

HTFD-000203-000418-000053

ASK ABOUT THIS PROPERTY

Amanda SheehanOxford RealtyMore Info
203-314-4219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Amanda SheehanOxford RealtyMore Info
203-314-4219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.