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    273 Asylum St Hartford, CT 06103

    For Sale
    $3,300,000

    Approved plans for 50-unit residential development in downtown Hartford.

    Lot size:
    0.30 Acres

    Property Features for 273 Asylum St

    General Information

    Lot size
    0.30 Acres

    Building Details

    Year built
    1920

    Source: Century 21 AllPoints Realty Agent Lisa Cozzi

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

    Overview

    Hartford Residential Redevelopment Opportunity

    This property presents an opportunity to redevelop a former high school site into a residential community in downtown Hartford. Approved plans are in place for a 50-unit development, featuring 22 studios, 11 studio-plus layouts, and 17 one-bedroom apartments. The location is near the PeoplesBank Arena, two blocks from Bushnell Park and City Place, and within walking distance of TheaterWorks, Black Eyed Sally's, Agave, and Max Downtown. The property offers access to I-91, I-84, and Route 2. A nearby parking area may be included.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Law Firm 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
    -72.6783039
    Latitude
    41.7673599

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    FAQs

    What type of property is this?
    Apartment building - Approved plans for 50-unit residential development in downtown Hartford.
    Where is this apartment building located?
    The property is located at 273 Asylum St Hartford, CT.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: - Approved plans for a **50-unit residential development** already in place (22 studios, 11 studio-plus, 17 one-bedrooms).; - **Prime downtown Hartford location** near PeoplesBank Arena, Bushnell Park, City Place, and numerous restaurants and entertainment venues.; - Strong income potential with projected market rents of $1,400+ for studios and $1,700+ for one-bedrooms.
    (860) 508-2102
    Request Owner's contact information
    273 Asylum St Hartford, CT 06103
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    Hartford, CT 06103
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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
    273 Asylum St Hartford, CT 06103
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