Renovated Apartment
For Sale
Contact for pricing
Pending
315 High St, New Britain, CT 06051
Multifamily portfolio featuring updated two-bedroom units, tenant-paid utilities, off-street parking, and garage spaces.
Property SizeContact for details
Days on Market143
Property Features for 315 High St
General Information
Standard status
Pending
Property subtype
Multifamily
Units
Unit Mix
18 x 2BR/1BA
Multifamily Units
18
Additional Details
Cap Rate
7%
Listing Agency:
Century 21 Allpoints Realty Southington
(860) 508-2102
Listed By:
Lisa Cozzi · License #CT REB.0789668
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 5:50AM
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 Southington
Investment Insights
Based on property information with market context.
This multifamily portfolio comprises apartment properties on High St and LaSalle, with all units configured as two-bedroom, one-bath residences. Improvements include renovated kitchens with Shaker cabinetry, updated flooring, refinished hardwood floors, refreshed bathrooms, and replacement windows in many units. Natural-gas heating and updated electrical service are present at the High St property, while tenant-paid utilities support the operating structure.
The assets provide off-street parking along with multiple garage spaces. Several units have been substantially updated, and the portfolio is being offered as one transaction rather than as separate properties. The stated in-place cap rate is 7%, with projected upside to a 9.4% cap rate through higher rents.
The assets provide off-street parking along with multiple garage spaces. Several units have been substantially updated, and the portfolio is being offered as one transaction rather than as separate properties. The stated in-place cap rate is 7%, with projected upside to a 9.4% cap rate through higher rents.
Key Highlights
- Portfolio sale including apartment properties on High St and LaSalle
- All units are configured as 2 bedrooms and 1 bathroom
- Tenant‑paid utilities with natural‑gas heating at the High St property
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
1,078
Businesses Nearby
Explore this area
Business Placement
Demographics for 06051, CT
31,134
Population
13,798
Households
2.3
Avg Household Size
34
Median Age
10%
College-Educated
75%
High-School Grad
4.1 sq mi
ZIP Area
7,594
Density / Sq Mi
$48,682
Median Household Income
$32,768
Median Earnings
$1,100
Median Rent
$198,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily portfolio featuring updated two-bedroom units, tenant-paid utilities, off-street parking, and garage spaces.
Where is this apartment building located?
The property is located at 315 High St New Britain, CT.
What are key features of this property?
This property features: Portfolio sale including apartment properties on High St and LaSalle; All units are configured as 2 bedrooms and 1 bathroom; Tenant‑paid utilities with natural‑gas heating at the High St property
