450 Franklin Ave Hartford, CT 06114

Listing agency Sovereign Properties l***@lawtoyou.org Show Phone

Listed by Lani Liu-Helisch · License #REB.0788679 Show Phone

Source Exprealty

Added: Dec 13, 2025 Updated: Jul 21 at 9:42AM Checked: Jul 21 at 9:42AM

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Investment Insights

Based on property information with market context.

This solid mixed-use property combines 12 one-bedroom apartments with five separate commercial units, and all units have separate utilities. The building is fully occupied, with many long-term tenants. Renovations were completed in the late 1990s, including new sheetrock throughout apartments and hallways, and replacement of all doors, door frames, windows, and window frames to address lead paint concerns. All electric and gas meters have also been replaced at some point.

The property includes 12 parking spaces for residential tenants, with additional parking available on the side of the building and on the street. Public remarks describe heavy foot traffic that supports the current neighborhood commercial mix, including a Chinese restaurant, grocery store, laundromat, check and cash, and a nail salon. The seller will pay for new pavement in front of the building and repair the back parking lot with new coating. The laundromat business can be sold together at the buyer’s option.

Key Highlights

• Mixed‑use building with 12 one‑bedroom apartments and 5 commercial units.
• Separate utilities for all units.
• Fully occupied with long‑term tenants in most units.

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FAQs

What type of property is this?

Apartment building - Mixed-use building with 12 one-bedroom apartments and five commercial units, each with separate utilities.

Where is this apartment building located?

The property is located at 450 Franklin Ave Hartford, CT.

What is the lease rate?

The lease rate is $2,599,000.

What are key features of this property?

This property features: Mixed‑use building with 12 one‑bedroom apartments and 5 commercial units.; Separate utilities for all units.; Fully occupied with long‑term tenants in most units.