451 Divinity St - Apartments FOR SALE


Bristol, CT 06010- Bristol/Plainville
$1,250,000 USD
860-638-9748
451 Divinity St, Bristol, CT for Sale
$1,250,000 USD
Apartments - FOR SALE
1/15
null | 7.01% Cap Rate

451 Divinity St
Bristol, CT 06010
Bristol/Plainville


HIGHLIGHTS

  • Proforma 8.4% Cap Rate
  • Highly Accessible Amenities
  • Private, Wooded Setting
  • Value Add Through Turnover and Renovation

OVERVIEW

451 Divinity St is a 2-story brick apartment building, built in 1965, nestled in a 0.55-acre quiet, interior lot. Comprised of (10) 1-bedroom apartment units, this property features separately metered and tenant-paid utilities, and a private driveway and parking lot. An excellent stabilized, value-add opportunity in a location with increasing rental demand. Can Be Sold Together With 5-7 Upson Street (10 Units, Listed at $1,390,000) Strategically positioned in the heart of Central Connecticut, Bristol is an evolving city with a strong economic foundation, dynamic workforce, and growing demand for quality housing. Located just 20 miles southwest of Hartford and within a 2-hour drive of both New York City and Boston, Bristol offers strategic access to major employment hubs while maintaining a high quality of life and affordability. With a population of approximately 60,000, the city combines suburban appeal with urban convenience, making it increasingly attractive for renters seeking access to regional job markets without the high living costs of major metro areas. Bristol’s residential market is well-positioned for multifamily investment due to its steady population growth, rising rents, and constrained housing supply. The city maintains high occupancy rates and healthy rent growth, driven by demand from young professionals, families, and downsizing retirees. Compared to neighboring markets, Bristol offers attractive entry pricing with strong value-add and long-term appreciation potential. The local government is pro-development, offering incentives and streamlined processes for housing projects that meet community needs. Moreover, the city's ongoing infrastructure improvements and investment in amenities continue to increase the overall appeal for renters and investors alike.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

10

PRICE/UNIT

$125,000

CAP RATE

7.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,793 SF

ZONING

A

APN/PARCEL ID

BRIS-000012-000000-000044

ASK ABOUT THIS PROPERTY

Sandy StricklingSky Realty GroupMore Info
860-638-9748

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Sandy StricklingSky Realty GroupMore Info
860-638-9748

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