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    252 Sisson Ave Hartford, CT 06105

    Sponsored
    For Sale
    $850,000

    High-yield value-add opportunity in Hartford, CT.

    Property size:
    8,742 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multifamily investment property, located at 252 Sisson Ave in Hartford, Connecticut's desirable West End neighborhood, presents a compelling value-add opportunity. The 1920-built, three-story brick building encompasses 8,742 square feet and features twelve one-bedroom, one-bathroom apartments, each approximately 725 square feet. Currently operating at 85% occupancy, the property generates a net operating income (NOI) of $86,686, representing a 10.20% capitalization rate. A pro-forma analysis projects a significantly improved NOI of $105,313 and a 12.39% cap rate, reflecting substantial upside potential. The asking price is $850,000, translating to $70,833.33 per unit and $97.23 per square foot. The building benefits from five parking spaces, a mix of tandem and fenced rear spaces. Utilities are a blend of tenant-paid electric and owner-paid gas for heat and hot water (served by one furnace and two newer hot water tanks). The property is zoned NX-2 and sits on a 0.18-acre lot. Significant value-add potential exists through unit renovations and rent increases to market rates. The building features fire-rated exterior and interior doors. Trash removal is handled by city services. Its convenient location offers easy access to West Hartford, major highways, and a wealth of local amenities, making it highly attractive to renters. This property is a rare find, offering strong current returns and significant future growth prospects.

    Property Features for 252 Sisson Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    8,742 SF
    Class
    D
    Lot Size
    7,841 SF

    Building Details

    Year Built/Renovated
    1920/2020
    Buildings
    1
    Stories
    3
    Units
    12

    HighLights

    • Prime West End location.
    • Significant value‑add opportunity.
    • All units are one‑bedroom apartments.
    • Electricity is separately metered and paid by tenants.
    • Building features a central furnace and two hot water tanks.
    • Pro forma shows a 24%+ return on investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7069221
    Latitude
    41.7660016

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    FAQs

    What type of property is this?
    Multifamily property - High-yield value-add opportunity in Hartford, CT.
    Where is this multifamily property located?
    The property is located at 252 Sisson Ave Hartford, CT.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Prime West End location.; Significant value-add opportunity.; All units are one-bedroom apartments.
    Request Owner's contact information
    252 Sisson Ave Hartford, CT 06105
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    Realmo Value Estimation

    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.

    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.

    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
    252 Sisson Ave Hartford, CT 06105
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