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36-38 School St 12 Unit Apartment Building $1,249,900 ($104,158/Unit) 7% Cap Rate Hartford, CT 06106
Executive Summary
Well-maintained 12-unit multifamily investment opportunity located in Hartford's Barry Square neighborhood, just minutes from Hartford Hospital and Connecticut Children's Medical Center. This well-maintained 3-story property features twelve one-bedroom units totaling approximately 8,232 square feet on a 0.28-acre lot. Built in 1927, the asset offers a strong unit mix with consistent rental demand driven by its proximity to major employment centers, healthcare institutions, and Trinity College. The walkable location provides easy access to public transportation, downtown Hartford, shopping, and amenities, making it highly attractive to tenants seeking convenience and affordability. This property presents a compelling opportunity for investors seeking stable cash flow with long-term upside, including potential for rent growth through strategic management and improvements. This asset reflects strong investor activity in the area. Ideal for both seasoned and entry-level investors, this is a solid income-producing property in a growing Hartford rental corridor with immediate returns and long-term appreciation potential.
Property Facts
| Price | $1,249,900 | Building Class | C |
| Price Per Unit | $104,158 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 10,662 SF |
| Cap Rate | 7% | No. Stories | 3 |
| No. Units | 12 | Year Built | 1927 |
| Property Type | Multifamily | Parking Ratio | 1.7/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | NX-2 - Apartment | ||
| Price | $1,249,900 |
| Price Per Unit | $104,158 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 10,662 SF |
| No. Stories | 3 |
| Year Built | 1927 |
| Parking Ratio | 1.7/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | NX-2 - Apartment |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | HTFD-000228-000547-000007 | Improvements Assessment | $302,330 |
| Land Assessment | $79,030 | Total Assessment | $381,360 |
Property Taxes
Parcel Number
HTFD-000228-000547-000007
Land Assessment
$79,030
Improvements Assessment
$302,330
Total Assessment
$381,360
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36-38 School St
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