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660 Farmington Avenue 660-662 Farmington Ave 18 Unit Apartment Building $2,128,119 CAD ($118,229 CAD/Unit) 7.66% Cap Rate Hartford, CT 06105
Investment Highlights
- Trophy Location: Prime West End location directly on the West Hartford line, one of the city’s most desirable and supply-constrained residential
- Recent Capital Improvements: Significant investment in unit renovations, common areas, and building systems
- Proven Rent Growth: Current average rents sit at approximately $1,170
Executive Summary
Northeast Private Client Group is pleased to present the exclusive listing of 660 Farmington Avenue, an 18-unit apartment community located in the heart of Hartford’s West End. Situated directly on the West Hartford line, this asset offers investors a rare combination of premier location quality and significant value add potential.
The property has undergone meaningful capital investment in recent years, with a number of units renovated during current ownership. Current in-place rents trail the market significantly. With average rents sitting at approximately $1,170 and renovated comparables in the immediate vicinity achieving $1,575 or more, 660 Farmington Avenue offers a clear path to increased yield. A new owner can capitalize on the completed common area and unit improvements while continuing to push rents to market levels on turnover.
The asset benefits from strong underlying rental demand driven by its proximity to West Hartford Center, major employment nodes, and the University of Connecticut School of Law and tenants who value the area’s historic character and walkability.
The property has undergone meaningful capital investment in recent years, with a number of units renovated during current ownership. Current in-place rents trail the market significantly. With average rents sitting at approximately $1,170 and renovated comparables in the immediate vicinity achieving $1,575 or more, 660 Farmington Avenue offers a clear path to increased yield. A new owner can capitalize on the completed common area and unit improvements while continuing to push rents to market levels on turnover.
The asset benefits from strong underlying rental demand driven by its proximity to West Hartford Center, major employment nodes, and the University of Connecticut School of Law and tenants who value the area’s historic character and walkability.
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Property Facts
| Price | $2,128,119 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $118,229 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 7.66% | Building Size | 18,750 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | RO2 | ||
| Price | $2,128,119 CAD |
| Price Per Unit | $118,229 CAD |
| Sale Type | Investment |
| Cap Rate | 7.66% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 18,750 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | RO2 |
Amenities
Unit Amenities
- Microwave
- Heating
- Granite Countertops
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | HTFD-000111-000297-000033 | Improvements Assessment | $1,021,252 CAD |
| Land Assessment | $216,571 CAD | Total Assessment | $1,237,823 CAD |
Property Taxes
Parcel Number
HTFD-000111-000297-000033
Land Assessment
$216,571 CAD
Improvements Assessment
$1,021,252 CAD
Total Assessment
$1,237,823 CAD
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660 Farmington Avenue | 660-662 Farmington Ave
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