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    621 Farmington Ave Hartford, CT 06105

    For Sale
    $1,350,000

    29-unit conversion project in Hartford's West End.

    Lot size:
    0.60 Acres

    Property Features for 621 Farmington Ave

    General Information

    Lot size
    0.60 Acres

    Building Details

    Year built
    1964

    Source: Santana Realty Group LLC Agent Rich Santana

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hartford Multifamily Conversion Opportunity

    This 29-unit office-to-apartment conversion project is located in Hartford's West End. The project is already underway, with all architectural, MEP, survey, and building permits fully approved. The building has been gutted and rough-framed for 12 units, and prepped for plumbing, electrical, HVAC, sprinklers, and interior finishes. Approximately $1.5M in renovations remains to complete the project. The approved unit mix includes 27 one-bedroom units and 2 two-bedroom units, supporting a projected monthly rent roll of $38,100, or $457,200 annually. The one-bedroom units are projected at $1,300/month and the two-bedroom units at $1,500/month. Located near downtown with off-street parking and strong rental demand, this property offers significant upside for experienced investors or developers looking to take on a value-add conversion. The property is being sold as-is.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Daniel Bienstock Dentist Dr. Lisa Gilkes Pediatric Dentist Dr. Alesia Burge Dentist Dr. Petro Matsyshyn Dentist David Huang Dentist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -72.7139209
    Latitude
    41.7656391

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    FAQs

    What type of property is this?
    Apartment building - 29-unit conversion project in Hartford's West End.
    Where is this apartment building located?
    The property is located at 621 Farmington Ave Hartford, CT.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Approved 29-unit office-to-apartment conversion project underway.; - All architectural, MEP, survey, and building permits are fully approved.; - Building gutted and rough-framed for 12 units, prepped for key systems.
    (860) 866-8286
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    Hartford, CT 06105
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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
    621 Farmington Ave Hartford, CT 06105
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