621 Farmington Ave - Apartments FOR SALE


Hartford, CT 06105- West End
$925,000 USD
203-314-4219
621 Farmington Ave, Hartford, CT for Sale
$925,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

621 Farmington Ave
Hartford, CT 06105
West End


HIGHLIGHTS

  • West End Location
  • Multifamily Redevelopment Opportunity
  • Previously Approved for 29 Units
  • Ample Off-Street Parking

OVERVIEW

Exceptional redevelopment opportunity in Hartford's desirable West End. This 23,064 SF, two-story office building presents outstanding potential for an office-to-multifamily conversion. The property was previously approved for a 29-unit apartment conversion, providing a significant head start for developers. The approved unit mix consisted of 27 one-bedroom apartments with projected rents of approximately $1,300 per month and 2 two-bedroom apartments with projected rents of approximately $1,500 per month. Situated on approximately 0.60 acres with ample off-street parking (roughly 30+ spaces), the property is ideally positioned for investors seeking to capitalize on Hartford's continued demand for quality rental housing. Redevelopment opportunities of this scale and location are increasingly difficult to find, making this an exceptional value-add development opportunity. The property offers a substantial footprint, flexible floor plan, and a prominent location along Farmington Avenue with convenient access to Downtown Hartford, West Hartford Center, major highways, public transportation, hospitals, and major employers.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$38 USD /SF

# OF UNITS

29

PRICE/UNIT

$31,897

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

W End Multifamily Redevelopment Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2027

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

MX-1

APN/PARCEL ID

HTFD-000111-000371-000069

ASK ABOUT THIS PROPERTY

Amanda SheehanOxford RealtyMore Info
203-314-4219

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Amanda SheehanOxford RealtyMore Info
203-314-4219

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