Mixed-Use Building with
539 Zion, Hartford, CT 06106
For Sale
New
$749,999
Five apartments and two occupied commercial spaces are arranged across three stories.
Property Size1,910 SF
Price / SF$128.12
Days on Market4
Property Features for 539 Zion
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Highway Access
Public Transit
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Construction
Tenancy
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 3:32AM
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 three-story, 8,356-square-foot mixed-use building combines five apartments with two commercial storefronts, occupied by a barbershop and a convenience store. The residential mix includes four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Renovations completed in 2020 included a roof, HVAC system, hot water tanks, and updated kitchens and bathrooms. The property was built in 1910 and is zoned NX-2.
Off-street parking serves the building. The landlord supplies heat and hot water, while residents are responsible for their own electricity. Trinity College is within walking distance, with Hartford Hospital, downtown Hartford, public transportation, and I-91 also identified as nearby access points.
Off-street parking serves the building. The landlord supplies heat and hot water, while residents are responsible for their own electricity. Trinity College is within walking distance, with Hartford Hospital, downtown Hartford, public transportation, and I-91 also identified as nearby access points.
Key Highlights
- 8,356‑square‑foot, three‑story mixed‑use building
- Five apartments: four 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Two commercial storefronts occupied by a barbershop and convenience store
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,163
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,323,260
$1.3M
Cap Rate 7%
$945,186
$945.2K
Cap Rate 9%
$735,144
$735.1K
Market Conditions
NOI Build-Up for 5,854 SF
Gross rent
$105.4K $18.00/SF
− Vacancy
−$10.9K −$1.85/SF
EGI
$94.5K $16.15/SF
− OpEx
−$28.4K −$4.84/SF
NOI
$66.2K $11.30/SF
Area
Hartford, CT
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,323,260
Cap Rate 7%
$945,186
Cap Rate 9%
$735,144
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$987.2K – $1.32M
NOI $78,978 @ 7.0% cap · market cap 10.53%
Second Best
Mixed Use
$1.07M
$933.0K – $1.24M
NOI $74,639 @ 7.0% cap · market cap 9.95%
Theoretical Best
Office A
$1.74M
$1.53M – $2.04M
NOI $122,144 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,835
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
$201,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Hartford, CT
Properties on Market for Mixed-use properties in Hartford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five apartments and two occupied commercial spaces are arranged across three stories.
Where is this mixed-use property located?
The property is located at 539 Zion Hartford, CT.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: 8,356‑square‑foot, three‑story mixed‑use building; Five apartments: four 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Two commercial storefronts occupied by a barbershop and convenience store
