5-7 Upson St - Apartments FOR SALE


Bristol, CT 06010- Bristol/Plainville
$1,390,000 USD
860-638-9748
5-7 Upson St, Bristol, CT for Sale
$1,390,000 USD
Apartments - FOR SALE
1/14
null | 7.29% Cap Rate

5-7 Upson St
Bristol, CT 06010
Bristol/Plainville


HIGHLIGHTS

  • Seprate and Tenant Paid Utilities
  • Off Street Parking
  • New Roof in 2021
  • Average Monthly Rent Upside of $170

OVERVIEW

5 Upson is a 2-story brick construction with (8) 1-bedroom units, each with three rooms and a full bath with tub. Electric baseboard heating and individual electric hot water heaters. All utilities are tenant-paid. 7 Upson is a 3-story wood-frame building with vinyl siding with (2) units: (1) 2-bedroom on the first floor and one (1) 3-bedroom unit spanning the second and third floors. Each unit has gas boiler heating and individual gas hot water heaters. Off street parking and common coin-operated laundry. Can Be Sold Together With 451 Divinity Street (10 Units, Listed at $1,250,000) 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

$1,390,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

10

PRICE/UNIT

$139,000

CAP RATE

7.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

R-15/B

APN/PARCEL ID

BRIS-000029-000000-000150

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.