Renovated 7-Unit Apartment
47-49 Putnam Street Hartford, CT 06106
47-49 Putnam Street, Hartford, CT, 06106
$900,000
For Sale
$900,000
Renovated 7-unit multifamily with separate utilities and a private driveway with off-street parking.
Property Size4,524 SF
Price / SF$198.94
Days on Market53
Property Features for 47-49 Putnam Street
General Information
- Standard status
- Active
- Size
- 4,524 SF
- Property subtype
- Multi-Family / 5 Family+
Building Details
- Year Built
- 1970
Listing agency
Oxford Realty
(225) 288-4109
Listed by
Shay Hugo Vaezzadeh · License #RES.0827220
(225) 288-4109
Source
Compass
Added: Jun 1 Updated: Jul 22 at 2:02AM Checked: Jul 22 at 7:28AM
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 Oxford Realty
Investment Insights
Based on property information with market context.
Renovated 7-unit apartment building offering a unit mix of seven 1-bedroom, 1-bath units and one 3-bedroom, 3-bath unit. The property provides separate utilities for the units, supporting independent tenant billing and operations. A private driveway with off-street parking is included.
Located in Hartford’s South End, the building is described as eligible for a tax abatement, which may offer additional value for qualified investors.
This is a residential income property configured for a combination of smaller and larger units, with parking and utility separation already in place.
Located in Hartford’s South End, the building is described as eligible for a tax abatement, which may offer additional value for qualified investors.
This is a residential income property configured for a combination of smaller and larger units, with parking and utility separation already in place.
Key Highlights
- Renovated 7‑unit multifamily property built in 1970
- Unit mix includes seven 1‑bedroom, 1‑bath units and one 3‑bedroom, 3‑bath unit
- Separate utilities for the units
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 | $117.8k | $26.04 |
| − Vacancy | −$6.8k | −$1.51 |
| EGI | $111.0k | $24.53 |
| − OpEx | −$49.9k | −$11.04 |
| NOI | $61.0k | $13.49 |
4,524 SF · lease $26.04/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$871.9K
$762.9K – $1.02M
NOI $61,035 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,393 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Renovated 7-unit multifamily with separate utilities and a private driveway with off-street parking.
Where is this apartment building located?
The property is located at 47-49 Putnam Street Hartford, CT.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Renovated 7‑unit multifamily property built in 1970; Unit mix includes seven 1‑bedroom, 1‑bath units and one 3‑bedroom, 3‑bath unit; Separate utilities for the units
