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13 Hobron St 13 Hobron St 6 Unit Apartment Building $750,000 ($125,000/Unit) 5.13% Cap Rate New London, CT 06320
INVESTMENT HIGHLIGHTS
- Access & Connectivity
- Nearby Employment Hubs
- Separately Metered Utilities
- Area Amenities & Demand Drivers
- Value-Add Potential
- Strong Rental Demographics & Demand
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 13 Hobron Street in New London, CT (the “Property”). The four-story building contains six (6) 2-Bedroom/1-Bathroom units with 4,734 square feet of gross living area and 6,912 square feet of gross area. The Property is situated upon a 0.07- acre parcel and offers street parking for tenants. 13 Hobron Street is strategically located in a quiet residential neighborhood just minutes from downtown New London, offering convenient access to major employment centers, transportation, and coastal amenities. The property benefits from close proximity to Interstate 95 and Routes 32 and 1, providing efficient regional connectivity to Norwich, Mystic, Groton, and the broader shoreline corridor. Nearby shopping, dining, and recreational destinations support a high quality of life and strong rental appeal.
PROPERTY FACTS
| Price | $750,000 | Building Class | C |
| Price Per Unit | $125,000 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 6,912 SF |
| Cap Rate | 5.13% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | C-1 | ||
| Price | $750,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 5.13% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 6,912 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
| Zoning | C-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | NLON-000026-000122-000001 | Improvements Assessment | $304,100 |
| Land Assessment | $46,200 | Total Assessment | $350,300 |
PROPERTY TAXES
Parcel Number
NLON-000026-000122-000001
Land Assessment
$46,200
Improvements Assessment
$304,100
Total Assessment
$350,300
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13 Hobron St | 13 Hobron St
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