Regency Carriage Portfolio
For Sale
Contact for pricing
30 Forest St, Medford, MA 02155
459 units in Hartford's desirable Asylum Hill neighborhood.
Property SizeContact for details
Days on Market195
Property Features for 30 Forest St
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
APT-2
Building Details
Year Built
1968
Listing Agency:
Chozick Realty Inc
Listed By:
Jordan Pinto · License #0802450
Source:
Crexi
Added: Feb 7
Changed: Aug 8
Last Checked: Aug 8 at 2:38PM
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 Chozick Realty Inc
Investment Insights
Based on property information with market context.
The Regency Carriage Portfolio, situated in Hartford’s Asylum Hill neighborhood, comprises 459 residential units. The unit mix includes 87 studios, 320 one-bedroom, 48 two-bedroom, and 4 three-bedroom apartments. The properties are located in close proximity to each other, with most being adjacent, which allows for ease of management. All units in the portfolio are designated as condominiums, reducing the real estate tax rates. Asylum Hill benefits from its proximity to Hartford’s central business district, major employers, healthcare institutions, and public transportation. Employers in the Asylum Hill neighborhood include Aetna Insurance, The Hartford Insurance Group, and Saint Francis Hospital Complex. The assets have benefited from proactive ownership and ongoing capital investment, with over $2,000,000 invested in Unit Upgrades and $500,000 in general building and HVAC upgrades since 2020. These enhancements provide a foundation for stable cash flow, while offering future ownership the opportunity to further drive return growth through the continuation of the apartment upgrade program in process. The Regency Carriage Portfolio represents an opportunity to enter the Hartford market on scale, acquiring a grouping of well located assets.
Key Highlights
- 459 residential units in Hartford's desirable Asylum Hill neighborhood, a strong rental market.
- Favorable unit mix aligns with renter demand.
- Condominium designation provides greatly reduced real estate tax rates.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,638
Businesses Nearby
Explore this area
Business Placement
Demographics for 02155, MA
61,483
Population
25,893
Households
2.4
Avg Household Size
36
Median Age
58%
College-Educated
93%
High-School Grad
8.2 sq mi
ZIP Area
7,498
Density / Sq Mi
$118,403
Median Household Income
$60,825
Median Earnings
$2,483
Median Rent
$715,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 459 units in Hartford's desirable Asylum Hill neighborhood.
Where is this apartment building located?
The property is located at 30 Forest St Medford, MA.
What is the asking price?
The asking price for this property is $44,000,000.
What are key features of this property?
This property features: 459 residential units in Hartford's desirable Asylum Hill neighborhood, a strong rental market.; Favorable unit mix aligns with renter demand.; Condominium designation provides greatly reduced real estate tax rates.
