104-Unit Brick Apartment
33-39 Sumner St, Hartford, CT 06105
For Sale
New
$13,000,000
Seven multifamily buildings span three Hartford streets, with on-site parking and RO2 zoning.
Property Size33,408 SF
Price / SF$389.13
Days on Market4
Property Features for 33-39 Sumner St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Building Details
Year Built
Buildings
Construction
Listing Agency:
Century 21 AllPoints Realty
Listed By:
Lisa Cozzi · License CT REB.0789668
(860) 508-2102
Source:
Jaida.mappmyhome
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 7:59AM
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
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Investment Insights
Based on property information with market context.
This Hartford multifamily portfolio consists of seven all-brick buildings constructed in 1927. The 104 residences include 10 one-bedroom, 35 two-bedroom, 31 three-bedroom, and 28 four-bedroom units. The properties have condominium tax status and on-site parking, with locations along Sumner, Huntington, and Collins Streets. Zoning is RO2.
The collection is in Hartford’s Asylum Hill area, near Aetna, The Hartford, Saint Francis Hospital, the Mark Twain House, the Harriet Beecher Stowe Center, Bushnell Park, and Downtown Hartford.
The collection is in Hartford’s Asylum Hill area, near Aetna, The Hartford, Saint Francis Hospital, the Mark Twain House, the Harriet Beecher Stowe Center, Bushnell Park, and Downtown Hartford.
Key Highlights
- 104 apartments across seven all‑brick buildings
- Unit mix: 10 one‑bedroom, 35 two‑bedroom, 31 three‑bedroom, and 28 four‑bedroom residences
- Buildings constructed in 1927
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$450,718
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,014,360
$9.0M
Cap Rate 7%
$6,438,829
$6.4M
Cap Rate 9%
$5,007,978
$5.0M
Market Conditions
NOI Build-Up for 33,408 SF
Gross rent
$869.9K $26.04/SF
− Vacancy
−$50.5K −$1.51/SF
EGI
$819.5K $24.53/SF
− OpEx
−$368.8K −$11.04/SF
NOI
$450.7K $13.49/SF
Area
Hartford, CT
Vacancy
5.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,014,360
Cap Rate 7%
$6,438,829
Cap Rate 9%
$5,007,978
Alternative Uses
Best Use
Apartment 5plus
$6.44M
$5.63M – $7.51M
NOI $450,718 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.96M
$8.71M – $11.62M
NOI $697,059 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
104
Residential units
Location Intelligence
Trade Area within ½ mile
2,727
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
$365,400
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Hartford, CT
Properties on Market for Apartment buildings in Hartford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Seven multifamily buildings span three Hartford streets, with on-site parking and RO2 zoning.
Where is this apartment building located?
The property is located at 33-39 Sumner St Hartford, CT.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: 104 apartments across seven all‑brick buildings; Unit mix: 10 one‑bedroom, 35 two‑bedroom, 31 three‑bedroom, and 28 four‑bedroom residences; Buildings constructed in 1927
