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204 Magnolia Street 204-206 Magnolia St 6 Unit Apartment Building $940,998 CAD ($156,833 CAD/Unit) 10.27% Cap Rate Hartford, CT 06112
Investment Highlights
- Access & Connectivity
- Recent Capital Improvements
- Off-Street Parking
- Area Amenities & Demand Drivers
- Separately Metered Utilities
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 204 Magnolia Street in Hartford, CT (the “Property”). The three-story building contains four (4) 2-Bedroom/1-Bathroom units and two (2) 3-Bedroom/1-Bathroom units with 6,480 square feet of gross living area in 9,228 square feet of gross area. The Property is situated upon a 0.17-acre parcel and offers off street parking. 204 Magnolia Street is well-positioned within Hartford’s Upper Albany neighborhood, offering convenient access to downtown Hartford and surrounding residential areas. The property benefits from proximity to major transportation corridors including Interstate 84 and Interstate 91, providing efficient regional connectivity throughout Greater Hartford and to employment centers across Central Connecticut. Nearby retail centers, neighborhood services, educational institutions, and recreational amenities further enhance day-to-day convenience and support long-term tenant appeal.
Property Facts
| Price | $940,998 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $156,833 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 10.27% | Building Size | 9,228 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1924 |
| Zoning | NX-2 - intended for neighborhood areas with a wide mix of building forms, including apartment buildings, stacked flats, and multi-unit house type B buildings | ||
| Price | $940,998 CAD |
| Price Per Unit | $156,833 CAD |
| Sale Type | Investment |
| Cap Rate | 10.27% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,228 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1924 |
| Zoning | NX-2 - intended for neighborhood areas with a wide mix of building forms, including apartment buildings, stacked flats, and multi-unit house type B buildings |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Basement
Site Amenities
- 24 Hour Access
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | HTFD-000219-000217-000018 | Improvements Assessment | $271,893 CAD |
| Land Assessment | $36,086 CAD | Total Assessment | $307,979 CAD |
Property Taxes
Parcel Number
HTFD-000219-000217-000018
Land Assessment
$36,086 CAD
Improvements Assessment
$271,893 CAD
Total Assessment
$307,979 CAD
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204 Magnolia Street | 204-206 Magnolia St
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