12-Unit Multifamily
36-38 School St Hartford, CT 06106
36-38 School St, Hartford, CT, 06106
$1,399,900
For Sale
$1,399,900
Well-maintained 12-unit, three-story multifamily property with twelve one-bedroom apartments.
Property Size8,232 SF
Lot Size0.28 Acres
Price / SF$170.06
Days on Market85
Property Features for 36-38 School St
General Information
- Standard status
- Active
- Size
- 8,232 SF
- Lot size
- 0.28 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1927
Listing agency
Berkshire Hathaway NE Prop.
(860) 617-1740
Listed by
Shy Grahame · License #RES.0813469
(860) 617-1740
Source
Elliman
Added: Apr 28 Updated: Jul 20 at 5:54PM Checked: Jul 21 at 7:05AM
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 Berkshire Hathaway NE Prop.
Investment Insights
Based on property information with market context.
This well-maintained, three-story multifamily building offers 12 one-bedroom units in a total of twelve apartments, built in 1927. The property is situated on a 0.28-acre lot and is presented as an income-producing investment.
Located in Hartford’s Barry Square neighborhood, the building is just minutes from Hartford Hospital and Connecticut Children’s Medical Center. The area is described as walkable and well-served by public transportation, with convenient access to downtown Hartford, shopping, and local amenities.
With a consistent one-bedroom unit mix, the property is positioned for steady renter demand based on its proximity to major employment centers and healthcare institutions.
Located in Hartford’s Barry Square neighborhood, the building is just minutes from Hartford Hospital and Connecticut Children’s Medical Center. The area is described as walkable and well-served by public transportation, with convenient access to downtown Hartford, shopping, and local amenities.
With a consistent one-bedroom unit mix, the property is positioned for steady renter demand based on its proximity to major employment centers and healthcare institutions.
Key Highlights
- Built in 1927, this well‑maintained 3‑story multifamily has 12 one‑bedroom units totaling approx. 8,232 SF.
- 12‑unit unit mix: all are one‑bedroom apartments—12 units on a 0.28‑acre lot.
- Located in Hartford’s Barry Square neighborhood, just minutes from Hartford Hospital and Connecticut Children’s Medical Center.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $214.4k | $26.04 |
| − Vacancy | −$12.4k | −$1.51 |
| EGI | $201.9k | $24.53 |
| − OpEx | −$90.9k | −$11.04 |
| NOI | $111.1k | $13.49 |
8,232 SF · lease $26.04/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.85M
NOI $111,061 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,761 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 12-unit, three-story multifamily property with twelve one-bedroom apartments.
Where is this apartment building located?
The property is located at 36-38 School St Hartford, CT.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Built in 1927, this well‑maintained 3‑story multifamily has 12 one‑bedroom units totaling approx. 8,232 SF.; 12‑unit unit mix: all are one‑bedroom apartments—12 units on a 0.28‑acre lot.; Located in Hartford’s Barry Square neighborhood, just minutes from Hartford Hospital and Connecticut Children’s Medical Center.
