25-27 Imlay Street 27 Imlay St 30 Unit Apartment Building $2,550,000 ($85,000/Unit) 6.55% Cap Rate Hartford, CT 06105

Northeast Private Client Group is pleased to present the exclusive listing of 25–27 Imlay Street, a 30-unit multifamily asset located on one of the premier residential blocks in Hartford’s Asylum Hill neighborhood. This offering provides investors with immediate scale and operational efficiency in a robust workforce housing market. The property is available for purchase individually or as part of a portfolio with 660 Farmington Avenue.
The asset features a diverse unit mix of studios, one-bedrooms, and two-bedrooms, catering to deep demand from the local workforce, including employees at nearby major insurance and healthcare hubs. With 30 units under one roof and valuable on-site parking, the property offers inherent management and maintenance economies of scale. Current ownership has invested materially in the asset, completing unit renovations and significant capital improvements during their hold period.
Given its attractive basis, 1960s vintage, and meaningful in-place rent gap, 25–27 Imlay Street presents a compelling value-add opportunity. An incoming operator can build upon recently stabilized operations to capture approximately 35% revenue upside, optimizing rents to market levels while benefiting from limited immediate capital requirements.