6-Unit Apartment
471 Maple, Hartford, CT 06114
For Sale
New
$525,000
A three-story rental property has a varied apartment mix and off-street parking.
Property Size1,901 SF
Price / SF$245.67
Days on Market4
Property Features for 471 Maple
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Oxford Realty
(203) 314-4219
Listed By:
Thuyan Tran · License #REB.0794813
(860) 308-6115
Source:
Iverty
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 4:46PM
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
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Investment Insights
Based on property information with market context.
This 6-unit apartment building contains 2,137 square feet across three stories. The unit mix includes one studio, three 1-bedroom, 1-bath apartments, and two 2-bedroom, 1-bath apartments. Built in 1901, the property also provides off-street parking. Tenants pay utilities, including electric heat.
The building is at 471 Maple in Hartford, near Trinity College, Hartford Hospital, Connecticut Children's, and Colt Park. Nearby amenities include shopping, dining, public transportation, downtown Hartford, and I-91.
The building is at 471 Maple in Hartford, near Trinity College, Hartford Hospital, Connecticut Children's, and Colt Park. Nearby amenities include shopping, dining, public transportation, downtown Hartford, and I-91.
Key Highlights
- Six units: one studio, three 1‑bedroom/1‑bath apartments, and two 2‑bedroom/1‑bath apartments
- 2,137 square feet in a three‑story building
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,831
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,620
$576.6K
Cap Rate 7%
$411,871
$411.9K
Cap Rate 9%
$320,344
$320.3K
Market Conditions
NOI Build-Up for 2,137 SF
Gross rent
$55.6K $26.04/SF
− Vacancy
−$3.2K −$1.51/SF
EGI
$52.4K $24.53/SF
− OpEx
−$23.6K −$11.04/SF
NOI
$28.8K $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%
$576,620
Cap Rate 7%
$411,871
Cap Rate 9%
$320,344
Alternative Uses
Best Use
Apartment 5plus
$411.9K
$360.4K – $480.5K
NOI $28,831 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$637.0K
$557.4K – $743.2K
NOI $44,589 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 06114, CT
26,257
Population
11,206
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
4.0 sq mi
ZIP Area
6,564
Density / Sq Mi
$47,905
Median Household Income
$31,996
Median Earnings
$1,296
Median Rent
$228,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Hartford, CT
Properties on Market for Apartment buildings in Hartford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - A three-story rental property has a varied apartment mix and off-street parking.
Where is this apartment building located?
The property is located at 471 Maple Hartford, CT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Six units: one studio, three 1‑bedroom/1‑bath apartments, and two 2‑bedroom/1‑bath apartments; 2,137 square feet in a three‑story building; Off‑street parking
