Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    46 Allen Pl Hartford, CT 06106

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    21-unit multifamily property in Hartford, CT, for sale.

    Lot size:
    13,600.00 Acres

    Property Features for 46 Allen Pl

    General Information

    Standard status
    Active
    Lot size
    13,600.00 Acres

    Building Details

    Year built
    1964

    We can help!

    Listing Contact
    Richard Cawley
    Source: Crexi

    Listing Agency: United Multi Family Corporation Listing Agent: Richard Cawley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Hartford Multifamily Investment Opportunity

    Located at 46 Allen Pl, Hartford, CT 06106, this multifamily property presents an investment opportunity. The building, constructed in 1964, spans 14,132 square feet and comprises 21 residential units. Situated in the NX-2 zoning district, the property allows for potential development or value-add opportunities, subject to buyer verification. The property is located in Hartford, with convenient access to employment centers, public transportation, and urban amenities. This property is intended for multifamily and high-rise investors.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6851823
    Latitude
    41.7524984

    Nearby Similar for Sale

    • New
      $539,000
      4,680 SF

      Hartford Medical Office Investment

      Fully leased medical office building with on-site parking.
      36-38 Grand St, Hartford, CT 06106
      View Details
    • $475,000
      3,982 SF

      Semi-Renovated Hartford Three-Family Residence

      Move-in ready three-family residence with investment potential in Hartford.
      96-98 Sargeant St, Hartford, CT 06154
      View Details
    • $770,000
      5,381 SF

      Mixed-Use Investment Opportunity, Hartford

      Two buildings, six units, commercial and residential income potential.
      763-767 Park St, Hartford, CT 06106
      View Details
    • $1,700,000
      25,298 SF

      Hartford Commercial Office Building For Sale

      Turnkey commercial office building in Hartford's West End.
      631 Farmington Ave, Hartford, CT 06105
      View Details
    • New
      $399,900
      2,893 SF

      Charming Two-Family Home, Wethersfield

      Two-family home in historic Wethersfield with income potential.
      99 Maple St, Wethersfield, CT 06109
      View Details
    • New
      $390,000
      2,797 SF

      Hartford Triplex with Investment Potential

      Three-family residence in Hartford, offering investment and owner-occupancy options.
      173 Benton St, Hartford, CT 06114
      View Details
    • $999,999
      Pending

      Newington Commercial Building For Sale

      Commercial building in accessible industrial park suitable for various uses.
      28 Costello Pl, Newington, CT 06111
      View Details
    • $649,900
      6,268 SF

      Hartford Multifamily Townhouse-Style Residence

      Four-unit townhouse-style multifamily residence with value-add opportunity.
      71 Williams St, Hartford, CT 06120
      View Details
    • $699,888
      4,514 SF

      Hartford Multifamily Investment Opportunity

      Seven-unit multifamily property in Hartford's West End.
      187 Whitney St, Hartford, CT 06105
      View Details
    • $4,999,000
      58,400 SF

      East Hartford Industrial Property For Sale

      Centrally located industrial property with flexible loading and high ceilings.
      241 Park Ave, East Hartford, CT 06108
      View Details
    • New
      $315,000
      3,611 SF

      Hartford Four-Family Investment Opportunity

      Four-family property in Hartford with income potential.
      58-60 Benton St, Hartford, CT 06114
      View Details
    • $399,900
      Pending

      Solid Brick Hartford Three-Family Property

      Well-maintained three-family property with modern systems and strong unit mix.
      15 Townley St, Hartford, CT 06105
      View Details

    FAQs

    What type of property is this?
    Apartment building - 21-unit multifamily property in Hartford, CT, for sale.
    Where is this apartment building located?
    The property is located at 46 Allen Pl Hartford, CT.
    What are key features of this property?
    This property features: - Strong income-generating potential with 21 residential units.; - Prime urban location in Hartford, CT.; - Significant value-add opportunities through strategic improvements.
    Request Owner's contact information
    46 Allen Pl Hartford, CT 06106
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    46 Allen Pl
    Hartford, CT 06106
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    46 Allen Pl Hartford, CT 06106
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Richard Cawley
    Real Estate License ID: 134301
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!