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5-7 Upson St 10 Unit Apartment Building $1,264,000 ($126,400/Unit) 7.76% Cap Rate Bristol, CT 06010
Investment Highlights
- Value Add Opportunity
- Off Street Parking | Corner Lot
- 7.8% Starting CAP Rate
Executive Summary
Recently reduced to $1,264,000, 5-7 Upson St is a 10-unit multifamily offering an attractive opportunity to acquire scale at a strong basis in Bristol, CT. With a current NOI of $98,059 and an actual cap rate of 7.8%, the property offers upside potential to a 9.3% cap on a proforma basis. Strategically located just 20 miles southwest of Hartford and within two hours of New York City and Boston, Bristol combines affordability with access to regional employment hubs, attracting a steady renter base.
The city’s economy is anchored by ESPN and supported by healthcare, advanced manufacturing, and financial services, while ongoing Downtown Bristol and Centre Square redevelopment initiatives enhance the live-work-play environment. High occupancy, limited housing supply, and rising rents create a favorable environment for multifamily investors seeking both immediate income and long-term appreciation.
With updated pricing, strong debt service coverage (1.67 proforma) and projected ROI up to 14.9%, this turnkey 10-unit asset represents a rare investment opportunity in a high-demand Central Connecticut rental market.
The city’s economy is anchored by ESPN and supported by healthcare, advanced manufacturing, and financial services, while ongoing Downtown Bristol and Centre Square redevelopment initiatives enhance the live-work-play environment. High occupancy, limited housing supply, and rising rents create a favorable environment for multifamily investors seeking both immediate income and long-term appreciation.
With updated pricing, strong debt service coverage (1.67 proforma) and projected ROI up to 14.9%, this turnkey 10-unit asset represents a rare investment opportunity in a high-demand Central Connecticut rental market.
Property Facts
| Price | $1,264,000 | Building Class | C |
| Price Per Unit | $126,400 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 12,478 SF |
| Cap Rate | 7.76% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.29/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-15/B | ||
| Price | $1,264,000 |
| Price Per Unit | $126,400 |
| Sale Type | Investment |
| Cap Rate | 7.76% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 12,478 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.29/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-15/B |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | BRIS-000029-000000-000150 | Improvements Assessment | $358,610 |
| Land Assessment | $44,450 | Total Assessment | $403,060 |
Property Taxes
Parcel Number
BRIS-000029-000000-000150
Land Assessment
$44,450
Improvements Assessment
$358,610
Total Assessment
$403,060
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5-7 Upson St
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