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    275 Westland St Hartford, CT 06112

    For Sale
    $5,000,000

    Fully occupied 50-unit multifamily property with below-market rents.

    Lot size:
    0.01 Acres

    Property Features for 275 Westland St

    General Information

    Lot size
    0.01 Acres

    Building Details

    Year built
    1959

    Source: Coldwell Banker Realty Agent Richard Breglia

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

    Overview

    Renovated Multifamily Asset with Upside

    This is a fully occupied, 50-unit multifamily property, presenting an opportunity for investors. The property consists of three all-brick buildings, containing 20, 15, and 15 units respectively. The unit mix includes 6 townhouses, 8 studios, 6 one-bedroom units, 16 two-bedroom units, and 14 three-bedroom units. Originally constructed in 1959, the property underwent a complete renovation in 2006 with an investment exceeding $4M. Updates include new roofs, windows, plumbing, and electrical systems, featuring 60-amp subpanels for each unit. Kitchens and bathrooms have also been renovated. The property utilizes dual-fuel hot water baseboard heat and tenant-paid electric with electric stoves. Energy-efficient insulation upgrades have been implemented. Resident amenities include three laundry rooms with a charge of $1.50 per load, six ADA-compliant units, a fire alarm system, and secured gated parking with pass card access. An on-site office and storage space are available. The property has strong cash flow potential.
    Location Intelligence

    Current Use by Public Records

    Livingston Charge Port ... Electric Vehicle Charging Station

    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
    -72.6843179
    Latitude
    41.791758

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 50-unit multifamily property with below-market rents.
    Where is this apartment building located?
    The property is located at 275 Westland St Hartford, CT.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Fully renovated 50-unit multifamily asset.; - Significant rent growth potential due to below-market rents.; - Turn-key, strong cash flow asset.
    (203) 273-3916
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    275 Westland St Hartford, CT 06112
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    Hartford, CT 06112
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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
    275 Westland St Hartford, CT 06112
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