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6-Unit Brick Apartment Building
For Sale
$725,000

229 Franklin Avenue, Hartford, CT 06114

Six two-bedroom apartments feature updated kitchens and baths, plus laundry equipment within each unit.

Property Size5,248 SF
Price / SF$138.15
Days on Market13

Property Features for 229 Franklin Avenue

General Information

Standard status Active
Size 5,248 SF
Property subtype 5 Family+

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 6 x 2BR/1BA
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $15,425

Building Details

Building Size 5,248 SF
Year Built 1988
Construction brick
Listing Agency: Century 21 AllPoints Realty
Listed By: Tyler DeVecchis · License #RES.0814134
Source: Rockoffrealty
Added: Oct 16 Changed: Oct 26 Last Checked: Oct 26 at 3:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 AllPoints Realty

Rey
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Investment Insights

Based on property information with market context.

This 5,248-square-foot brick apartment building contains six units, each with two bedrooms and one bathroom. Apartment features include hardwood floors, living and dining areas, eat-in kitchens with dishwashers, remodeled kitchens and baths, stacked in-unit laundry, exposed brick details and foyer closets. The building dates to 1988 and has condominium tax status.

Capital work includes a rubber roof installed 2 years ago with a 25-year warranty, replacement windows and updated electrical service with individual subpanels. Tenants pay separately for natural gas heat and hot water, and off-street parking is available. The property is in Hartford’s Little Italy neighborhood, minutes from Downtown Hartford, Hartford Hospital, Trinity College, Bushnell Park, major highways, restaurants, shopping and public transportation.

Key Highlights

  • Six apartments, each with two bedrooms and one bathroom
  • 5,248 square feet; built in 1988
  • Remodeled kitchens and bathrooms, hardwood flooring and stacked in‑unit laundry

Property Analytics

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Lease Details

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,631
Businesses Nearby

Demographics for 06114, CT

26,257
Population
11,206
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
4.0 sq mi
ZIP Area
6,564
Density / Sq Mi
$47,905
Median Household Income
$31,996
Median Earnings
$1,296
Median Rent
$228,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Six two-bedroom apartments feature updated kitchens and baths, plus laundry equipment within each unit.
Where is this apartment building located?
The property is located at 229 Franklin Avenue Hartford, CT.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Six apartments, each with two bedrooms and one bathroom; 5,248 square feet; built in 1988; Remodeled kitchens and bathrooms, hardwood flooring and stacked in‑unit laundry
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