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Property profile & analytics
OFF-MARKET
Commercial real estate

160 Lawrence St Hartford, CT 06106

7,236 SF 0.12 ac lot Built 1900
Entity Owned 3-yr Hold
Property ID
US15-0860436
Property summary
AI-generated overview

This exceptional investment opportunity comprises two six-unit brick buildings totaling twelve units, strategically located in Hartford, Connecticut. Situated at 160 Lawrence Street and 18 S Whitney Street, these properties offer a compelling blend of strong cash flow and prime location within desirable neighborhoods. The buildings boast a consistent unit mix, featuring twelve three-bedroom, one-bathroom apartments. Each unit benefits from separate utility meters for gas heating and hot water, as well as individual electric meters, ensuring efficient tenant management and cost allocation. Tenants are responsible for their own utilities. Both buildings feature durable brick exteriors, providing low-maintenance appeal. On-street parking is available for residents. The properties are conveniently located near Downtown Hartford, Hartford Hospital, UConn Health, CTfastrak, major highways, and public transportation, providing tenants with easy access to employment centers, healthcare facilities, and a vibrant urban lifestyle. The surrounding areas offer a wealth of shopping and dining options. This turnkey investment presents a rare opportunity to acquire a well-maintained, high-yielding multifamily portfolio in a thriving Connecticut city. The 0.12-acre lot at 160 Lawrence Street provides ample space for the building. The combined square footage of both buildings totals 7,236 square feet. The asking price for this exceptional investment is $2,300,000. Appointments are required for property viewings.

Property profile
Verified
Property type Commercial real estate
Year built 1900
Total area 7,236 SF
Lot 0.12 ac (5,227 SF)
UPID US15-0860436
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Desh&kuldip Hldg LLC · 3 yrs held
Desh&kuldip Hldg LLC
since 2022
1 recorded transaction
2022
$497,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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