36-Unit Apartment Rehabilitation
New
For Sale
$2,600,000
249 Sisson Ave, Hartford, CT 06105
The renovation scope includes apartment interiors, utility and heating upgrades, and reconstruction of the property's private garages.
Property Size32,000 SF
Days on Market3
Property Features for 249 Sisson Ave
General Information
Standard status
Active
Size
32,000 SF
Property subtype
Multifamily
Units
Unit Mix
18 x 1BR/1BA, 18 x 2BR/1BA
Multifamily Units
36
Amenities
Significant Opportunity to rehabilitate and reposition a 36-unit multifamily property in Hartford's West End. Property is projected to generate a stabilized NOI of approximately $382,000.
Historic Tax Credits: Received Phase I approval for $500,000 in State Historic Tax Credits, as well as an additional $100,000 in Federal Historic Tax Credits. Phase II application process is underway.
Scope of Work: Renovation of 36 apartments – kitchens, bathrooms, flooring, common areas, plumbing, windows, and doors, together with restoration of the existing garage and basement improvements
Part of Hartford's Blighted Assessment Deferral Program: Following completion of the improvements, or upon issuance of the C/O, the property's assessment remains at its pre-rehabilitation value for five years. The property's current market value is $1,343,000, equating an assessed value of $940,100, and an annual real estate tax burden of approximately $64,820. Beginning in Year 6, the post-rehab assessed values is phased in above the pre-rehabilitation assessment by 20% annually over the subseq
Direct Farmington Avenue Access: The Bentley at West End offers direct parking-lot access from Farmington Avenue, one of Hartford's most heavily traveled east-west arterials connecting Downtown Hartford and West Hartford,
Less Than Two Miles to Downtown Hartford: Minutes to the Hartford CBD, the cultural and business center of the metro Hartford region offering a variety of shopping, dining, entertainment, and employment opportunities. Numerous local recreational attractions include The Hartford Stage, XL Center, The Bushnell, and Bushnell Park.
Proximate to West Hartford Center/Blue Back Square: Within a 10-minute drive to this prime destination lifestyle center, home to boutique restaurants and over 140 shops.
Abundant Employment Drivers: Major area employment drivers include, but not limited to: Travelers, the Connecticut State Capitol Building, The Phoenix Companies, UConn Hartford, XL Insurance, Aetna, and Accenture. Also within a 15-minute drive of four major area hospitals, the Pratt & Whitney Headquarters (Pratt has invested over $500 million and added over 4,000 jobs since 2015), and roughly 20 minutes to ESPN, Stanley Black & Decker, and United Technologies.
Building Details
Building Size
32,000 SF
Units
36
Listing Agency:
New Haven Office
Listed By:
Wes Klockner · License #License(s): NY: 10401263791, CT: RES, 0799478
(203) 672-3326
Source:
Marcusmillichap
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 5:40AM
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 New Haven Office
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Investment Insights
Based on property information with market context.
The Bentley at West End is a 36-unit apartment property undergoing rehabilitation in Hartford. Its apartments are evenly divided between 18 one-bedroom, one-bathroom homes and 18 two-bedroom, one-bathroom homes. The remaining work includes interior renovations, utility service and heating system upgrades, and rebuilding the private garages. A rear parking area and 21 garages are part of the property.
At 249 Sisson Ave, the building is directly off Farmington Avenue and three blocks from the West Hartford line. West Hartford Center, with more than 140 shops and restaurants, is minutes away. Hartford's Central Business District is also accessible from the property. The project has completed its Phase II submission for state historic tax credits and qualified for Hartford's Blighted Assessment Deferral Program.
At 249 Sisson Ave, the building is directly off Farmington Avenue and three blocks from the West Hartford line. West Hartford Center, with more than 140 shops and restaurants, is minutes away. Hartford's Central Business District is also accessible from the property. The project has completed its Phase II submission for state historic tax credits and qualified for Hartford's Blighted Assessment Deferral Program.
Key Highlights
- 36 apartments: 18 one‑bedroom/one‑bathroom and 18 two‑bedroom/one‑bathroom units
- Rehabilitation scope includes full apartment interiors, utility service and heating upgrades, and garage reconstruction
- Rear parking area plus 21 private garages
Property Analytics
Current Use
Lease Details
36
Residential units
Location Intelligence
Trade Area within ½ mile
2,567
Businesses Nearby
Explore this area
Business Placement
Demographics for 06105, CT
18,803
Population
11,705
Households
1.6
Avg Household Size
37
Median Age
31%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
8,175
Density / Sq Mi
$41,235
Median Household Income
$39,775
Median Earnings
$1,100
Median Rent
$365,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The renovation scope includes apartment interiors, utility and heating upgrades, and reconstruction of the property's private garages.
Where is this apartment building located?
The property is located at 249 Sisson Ave Hartford, CT.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 36 apartments: 18 one‑bedroom/one‑bathroom and 18 two‑bedroom/one‑bathroom units; Rehabilitation scope includes full apartment interiors, utility service and heating upgrades, and garage reconstruction; Rear parking area plus 21 private garages
