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$ 975,000
Est. payment /mo
New
51 Forbes Street East Hartford, CT 06108
6 Beds
6 Baths
2,752 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 2,752 sqft
Price per Sqft $354
MLS Listing ID 24205752
Style Units are Side-by-Side
Bedrooms 6
Full Baths 6
Year Built 1956
Annual Tax Amount $10,443
Lot Size 0.490 Acres
Property Sub-Type 5 Family+
Property Description
Tour dates available: 9/16 and 9/18. Six-unit, single-story garden-style multifamily investment on nearly a half-acre in East Hartford. Built in 1956, the property offers a unit mix of five one-bedrooms and one flexible efficiency, with on-site coin-op laundry and tenant storage lockers. Off-street parking serves all units. Utilities are individually metered for electric, with seven separate gas meters (one for common areas, one per unit) supplying a central gas-fired heating and hot water system. This setup provides a clear path for a new owner to convert heat and hot water to tenant responsibility, adding further upside. Five of the six units have been fully renovated, offering turnkey interiors with updated kitchens, flooring, and finishes. In-place rents average below current pro forma levels, presenting an attractive mark-to-market opportunity as leases turn over. Ideally located minutes from downtown Hartford and the Connecticut River, with quick access to Interstates 84 and 91. The surrounding area benefits from a strong employment base anchored by a major aerospace manufacturer, along with nearby retail, dining, parks, and transit options. A well-maintained, manageable-scale asset offering both stable current income and meaningful upside for a value-add investor.
Location
State CT
County Hartford
Zoning R3
Rooms
Basement Full
Interior
Heating Hot Water
Cooling Window Unit
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Secluded, Lightly Wooded
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Franklin H. Mayberry
High Schools East Hartford
Listed by Derek Mahabir • NortheastPCG, Inc