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143-145 Putnam St
Hartford, CT 06106
Value Add: 12% CAP in Frog Hollow! · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Value Add
- Separate & Tenant Paid Utilities
- Big Upside!
- Attractive Unit Mix: 4 two bed units 2 four bed units
- Large Corner Lot
Executive Summary
12% CAP with full occupancy. Rare opportunity to acquire a six-unit multifamily on a prominent corner lot in Frog Hollow, featuring a strong unit mix of spacious 2- and 3-bedroom layouts, each approximately 1,000 SF. Units have been updated with a range of improvements including hardwood flooring in select units, renovated kitchens and baths, and updated paint and fixtures. The property is serviced by gas heat (owner paid), while tenants are responsible for gas hot water, cooking, and separately metered electricity. The building offers limited off-street parking at the rear (tandem configuration), with ample on-street parking available. Well-positioned for tenant demand, the location provides immediate access to Downtown Hartford, Trinity College Athletic Fields, and Hartford Hospital, along with convenient proximity to major highways, public transportation, and neighborhood retail and dining.
Property Facts
| Price Per Unit | $131,331 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 12.64% | Building Size | 6,099 SF |
| No. Units | 6 | Average Occupancy | 67% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1924/2023 |
| Apartment Style | Low-Rise | Parking Ratio | 0.49/1,000 SF |
| Zoning | NX-3 | ||
| Price Per Unit | $131,331 CAD |
| Sale Type | Investment |
| Cap Rate | 12.64% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 6,099 SF |
| Average Occupancy | 67% |
| No. Stories | 3 |
| Year Built/Renovated | 1924/2023 |
| Parking Ratio | 0.49/1,000 SF |
| Zoning | NX-3 |
Amenities
Unit Amenities
- Cable Ready
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Handrails
Site Amenities
- Laundry Service
- Trash Pickup - Curbside
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 1,000 |
| 3+1 | 2 | - | 1,000 |
Property Taxes
| Parcel Number | HTFD-000203-000418-000053 | Improvements Assessment | $283,586 CAD |
| Land Assessment | $36,256 CAD | Total Assessment | $319,842 CAD |
Property Taxes
Parcel Number
HTFD-000203-000418-000053
Land Assessment
$36,256 CAD
Improvements Assessment
$283,586 CAD
Total Assessment
$319,842 CAD
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