12-Unit Multifamily
For Sale
$1,249,900
Pending
36-38 School St, Hartford, CT 06106
Well-maintained 12-unit, three-story multifamily property with twelve one-bedroom apartments.
Property Size8,232 SF
Lot Size0.28 Acres
Days on Market241
Property Features for 36-38 School St
General Information
Standard status
Pending
Size
8,232 SF
Lot size
0.28 Acres
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Multifamily Units
12
Building Details
Year Built
1927
Stories
3
Tenancy
Multi
Listing Agency:
Berkshire Hathaway NE Prop.
Listed By:
Shy Grahame (860) 617-1740 (860) 633-3674 · License #RES.0813469
(860) 633-3674
Source:
Fairfieldcounty-properties
Added: Feb 22
Changed: Oct 1
Last Checked: Oct 20 at 10:12PM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,061
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,221,220
$2.2M
Cap Rate 7%
$1,586,586
$1.6M
Cap Rate 9%
$1,234,011
$1.2M
Market Conditions
NOI Build-Up for 8,232 SF
Gross rent
$214.4K $26.04/SF
− Vacancy
−$12.4K −$1.51/SF
EGI
$201.9K $24.53/SF
− OpEx
−$90.9K −$11.04/SF
NOI
$111.1K $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%
$2,221,220
Cap Rate 7%
$1,586,586
Cap Rate 9%
$1,234,011
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.85M
NOI $111,061 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,761 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
12
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,703
Businesses Nearby
Explore this area
Business Placement
Demographics for 06106, CT
38,036
Population
16,938
Households
2.2
Avg Household Size
33
Median Age
17%
College-Educated
70%
High-School Grad
4.2 sq mi
ZIP Area
9,056
Density / Sq Mi
$47,542
Median Household Income
$31,395
Median Earnings
$1,237
Median Rent
$201,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 $1,249,900.
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.
