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    215 Park St Bristol, CT 06010

    For Sale
    $250,000

    Fully rented multifamily property with value-add potential in Bristol.

    Lot size:
    0.21 Acres

    Property Features for 215 Park St

    General Information

    Lot size
    0.21 Acres

    Building Details

    Year built
    1905

    Source: Berkshire Hathaway NE Prop. Agent Shy Grahame

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

    Overview

    Bristol Multifamily Investment Opportunity

    This multifamily property presents a value-add opportunity with a 9.9% actual cap rate and a potential pro forma cap rate exceeding 16%. The property features one two-bedroom unit with a bonus room on the lower level, and one top-floor one-bedroom unit with two additional rooms on the upper level. Three units are occupied by month-to-month tenants without leases, while the second-floor lease is active until August 30, 2026. The property is being sold in as-is condition. There is slight settling, which is reflected in the price. The property shares a driveway with two other multi-family properties; an area beneath the driveway slab has sunk and this would need to be repaired by the next buyer in full or split between the adjoining owners of 213 and 211 park. The tenants park on the street given the restriction.
    Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    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
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.9578912
    Latitude
    41.6720895

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    FAQs

    What type of property is this?
    Multifamily property - Fully rented multifamily property with value-add potential in Bristol.
    Where is this multifamily property located?
    The property is located at 215 Park St Bristol, CT.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - 9.9% Actual Cap Rate; - Potential for 16%+ Pro Forma Cap Rate; - One 2-Bedroom Unit with Bonus Room
    (860) 617-1740
    Request Owner's contact information
    215 Park St Bristol, CT 06010
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    Bristol, CT 06010
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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
    215 Park St Bristol, CT 06010
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