Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    14 Hillside Ave Hartford, CT 06106

    For Sale
    $550,000

    8-unit building, high ROI potential.

    Property size:
    6,692 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property in Hartford, CT, presents a compelling value-add opportunity. Located at 14 Hillside Ave, 06106, this four-story, 6,692 square foot building boasts eight units: two ground-floor retail spaces (a remodeled liquor store and an electronics repair shop) and six two-bedroom, one-bathroom apartments above. Built in 1930 and renovated in 2020, the property sits on a 0.16-acre lot and is zoned NX-2. Currently operating at 50% occupancy, the property offers significant upside potential. The asking price is $550,000, translating to $68,750 per unit and $82.19 per square foot. The current Net Operating Income (NOI) is $60,570, yielding an 11.01% cap rate. A pro-forma NOI of $68,179 projects a 12.40% cap rate, reflecting the potential for increased rental income through unit renovations and market-rate adjustments. Utilities are separately metered and paid by tenants, minimizing landlord expenses. On-street parking and city trash pickup further reduce maintenance costs. The property's prime location, within walking distance of Trinity College, Hartford Hospital, and with easy access to highways, public transportation, shopping, and restaurants, ensures strong tenant demand. This is a rare chance to acquire a stabilized, mixed-use investment property with substantial growth potential in a desirable Hartford location.

    Property Features for 14 Hillside Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,692 SF
    Class
    D
    Lot Size
    6,970 SF

    Building Details

    Year Built/Renovated
    1930/2020
    Buildings
    1
    Stories
    4
    Units
    8

    HighLights

    • Walkable to Trinity College and Hartford Hospital.
    • Mixed‑use property with two retail spaces and six apartments.
    • Tenant‑paid utilities and on‑street parking.
    • Value‑add opportunity with projected 12.40% cap rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -72.6972945
    Latitude
    41.7533855

    Nearby Similar for Sale

    • $689,900
      3,234 SF

      Turnkey Mixed-Use Investment Opportunity

      Remodeled commercial building with restaurant and residential units.
      158 Park St, Hartford, CT 06106
      View Details
    • $999,999
      Pending

      Newington Commercial Building For Sale

      Commercial building in accessible industrial park suitable for various uses.
      28 Costello Pl, Newington, CT 06111
      View Details
    • $1,700,000
      25,298 SF

      Hartford Commercial Office Building For Sale

      Turnkey commercial office building in Hartford's West End, fully leased.
      631 Farmington Ave, Hartford, CT 06105
      View Details
    • $495,000
      3,960 SF

      Turnkey Hartford Three-Family Opportunity

      Newly renovated, vacant three-family property in Hartford's rental market.
      171 Edgewood St, Hartford, CT 06112
      View Details
    • $330,000
      Pending

      Two-Family Home in Hartford

      Well-maintained two-family home with modern construction and income potential.
      147 Enfield St, Hartford, CT 06112
      View Details
    • $520,000
      Pending

      Hartford Triplex with Spacious Units

      Well-maintained Hartford triplex featuring large units and modern amenities.
      34 Lisbon St, Hartford, CT 06183
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 8-unit building, high ROI potential.
    Where is this multifamily property located?
    The property is located at 14 Hillside Ave Hartford, CT.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Walkable to Trinity College and Hartford Hospital.; Mixed-use property with two retail spaces and six apartments.; Tenant-paid utilities and on-street parking.
    Request Owner's contact information
    14 Hillside Ave Hartford, CT 06106
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    14 Hillside Ave
    Hartford, CT 06106
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    14 Hillside Ave Hartford, CT 06106
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.