See Home Value
$672,725*
Multifamily - Off Market

551 Albany Avenue

Hartford, CT 06112
bedrooms
Studio
bathrooms
0 Bath
square feet
9993 Sqft
$414,000 - $504,000
Reference Base Price*
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Mixed-use investment opportunity with great potential cash flow! This 8 Apartment unit comprised of one and two bedrooms situated over four street level retail stores and one commercial space located in the rear of the property. The apartment units will need some upgrading/rehab. 3 out of the 4 retail store units are currently leased with strong cash flow. There is one central gas boiler approx. 6 years old, electrical has been updated and the roof is in adequate condition. The apartment tenants pay for their own electric and cable and landlord pay heat and hot water. Retail/commercial the landlord pays heat only. Conveniently located near bus line, shopping, restaurants all within walking distance.  Seller request ALL interested parties must do drive-by prior to show request.

The manager has listed the unit size as 9993 square feet.
Unit Size
9,993Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$46
Property Type
Multifamily
Property Taxes
$18,435
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Sep 27, 2019 No longer available -
No longer available
Dec 7, 2018 No longer available -
No longer available
Nov 28, 2018 Listed $459,000
Listed

Property Highlights

Parking Available


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
10 Beds
4 Baths
5,954 ft²
$80/ft²
$479,000 May 30, 2023
$479,000 Aug 17, 2023
$996/mo
Multifamily
12 Beds
8 Baths
5,960 ft²
$84/ft²
$500,000 Aug 4, 2023
$500,000 Nov 9, 2023
$1,045/mo
Multifamily
8 Beds
4 Baths
5,108 ft²
$78/ft²
$400,000 Feb 22, 2024
$400,000 Mar 27, 2024
$632/mo
Multifamily
9 Beds
3 Baths
4,226 ft²
$102/ft²
$432,600 Nov 30, 2023
$432,600 Feb 15, 2024
$572/mo
Multifamily
9 Beds
3 Baths
4,450 ft²
$85/ft²
$380,000 Oct 6, 2023
$380,000 Dec 7, 2023
$485/mo
Multifamily
8 Beds
3 Baths
3,738 ft²
$116/ft²
$435,000 Jul 10, 2023
$435,000 Sep 12, 2023
$245/mo
Multifamily
Stu
-
4,500 ft²
$87/ft²
$390,000 Apr 3, 2023
-
$1,133/mo
Multifamily
6 Beds
2 Baths
5,056 ft²
$109/ft²
$550,000 Mar 25, 2024
-
$829/mo
Multifamily
11 Beds
3 Baths
3,969 ft²
$111/ft²
$439,000 Apr 17, 2024
-
$319/mo
In Contract
Multifamily
9 Beds
3 Baths
4,080 ft²
$96/ft²
$389,900 Mar 7, 2024
-
$114/mo
Multifamily
9 Beds
3 Baths
3,862 ft²
$105/ft²
$405,000 Mar 24, 2024
-
$419/mo
Multifamily
9 Beds
3 Baths
3,567 ft²
$118/ft²
$419,900 Mar 13, 2024
-
$434/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20181128
11/28/2018
Studio
-
9993 ft²
$459,000
bedrooms
Studio
bathrooms
-
square feet
9993 ft²
-
-
-
-

Building Info

551 Albany Avenue 551 Albany Avenue, Hartford, CT 06112
More about this Building
551 Albany Avenue
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About Clay Arsenal


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