Multifamily Investment Opportunity in
7 Upson St, Bristol, CT 06010
10-unit multifamily property in Bristol, CT with upside potential.
Type:Multi Family
Lot size:
0.25 Acres- Added:
- Mar 31, 2026
- Days on Market:
- 54
- Last Refresh:
- Mar 26 at 4:24 am
Property Features for 7 Upson St
General Information
- Standard status
- Active
- Lot size
- 0.25 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agent Sandy Strickling
Listing office
Listing date Mar 31, 2026
Source Elliman
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 Sandy Strickling
HighLights
- Turnkey 10‑unit multifamily asset offering immediate income and long‑term appreciation.
- Strong current NOI of $98,059 and actual cap rate of 7.8% with upside potential to 9.3% on a proforma basis.
- Strategically located near Hartford, New York City, and Boston, attracting a steady renter base.
- High‑demand Central Connecticut rental market with limited housing supply and rising rents.
- Strong debt service coverage (1.67 proforma) and projected ROI up to 14.9%.
- Bristol's economy is anchored by ESPN and supported by diverse industries and redevelopment initiatives.
Overview
The property at 5-7 Upson St is a 10-unit multifamily building located in Bristol, CT. It presents an opportunity to acquire scale in the Bristol market. The property currently has a net operating income of $98,059 and a 7.8% actual cap rate, with potential to increase to a 9.3% cap rate on a proforma basis. Bristol's location, approximately 20 miles southwest of Hartford and within two hours of New York City and Boston, provides access to regional employment centers. The city's economy is supported by ESPN, healthcare, advanced manufacturing, and financial services. Redevelopment initiatives in Downtown Bristol and Centre Square are enhancing the area. High occupancy rates, limited housing supply, and rising rents are creating a favorable environment for multifamily investors. The property has a strong debt service coverage of 1.67 proforma and a projected ROI up to 14.9%. This 10-unit asset represents an investment opportunity in the Central Connecticut rental market.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Bristol
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.9456067
- Latitude
- 41.6690221
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 10-unit multifamily property in Bristol, CT with upside potential.
Where is this apartment building located?
The property is located at 7 Upson St Bristol, CT.
What is the asking price?
The asking price for this property is $1,264,000.
What are key features of this property?
This property features: Turnkey 10‑unit multifamily asset offering immediate income and long‑term appreciation.; Strong current NOI of $98,059 and actual cap rate of 7.8% with upside potential to 9.3% on a proforma basis.; Strategically located near Hartford, New York City, and Boston, attracting a steady renter base.
