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    45-47 School St Hartford, CT 06183

    For Sale
    $775,000

    Six-unit apartment building, prime location

    Property size:
    4,950 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional six-unit multifamily property, located at 45-47 School Street in Hartford, Connecticut, presents a compelling investment opportunity. The 4,950 square foot building sits on a 0.19-acre lot and is offered at $775,000. Each of the six apartments features two bedrooms and one bathroom, boasting an open eat-in kitchen/living room floor plan and hardwood floors. Many units have undergone recent kitchen and bathroom updates. The property also includes a valuable bonus: six garages located at the rear of the building, providing additional income potential or convenience for residents. The building benefits from a stable tenant base and a historically low vacancy rate. Utilities are separately metered, with tenants responsible for hot water and electricity. Heating is a mix of tenant-paid and owner-paid, with two units covered by tenants and four by the owner. This property enjoys an enviable location, within walking distance of Hartford Hospital and Trinity Athletic Field. Its proximity to downtown Hartford, Trinity College, major highways, public transportation, and a wealth of shops and restaurants ensures high tenant demand and strong rental income. This is a cash-flow positive investment in a highly desirable area.

    Property Features for 45-47 School St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,950 SF
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1927
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.68563
    Latitude
    41.74741

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    FAQs

    What type of property is this?
    Commercial real estate - Six-unit apartment building, prime location
    Where is this commercial real estate located?
    The property is located at 45-47 School St Hartford, CT.
    What is the asking price?
    The asking price for this property is $775,000.
    (203) 314-4219
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    45-47 School St Hartford, CT 06183
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    Hartford, CT 06183
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    45-47 School St Hartford, CT 06183
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