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Property profile & analytics
FOR SALE
Apartment buildings
204 Magnolia St, Hartford, CT 06112
Entity Owned
2-yr Hold
Property ID
US15-1017304
For Sale
1 / 9
$685,000
204 Magnolia St, Hartford, CT 06112
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1924
Construction
FRAME
Total area
6,480 SF
Lot
0.17 ac (7,405 SF)
Zoning code
NX-2
APN
HTFD M:219 B:217 L:018
UPID
US15-1017304
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
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$665k
Owner & transaction history
Magnolia St LLC · 2 yrs held
Magnolia St LLC
since 2023
Last sale
$655,000
7 recorded transactions
Zoning & alternative use
NX-2 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+95.4%
Retail stores
$655,000
+15.5%
Auto repair, garage
$580,000
+2.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hartford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$690,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$565,000
Current use
RESTAURANT
$1,110,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$655,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$580,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: 0% · Conversion: Moderate
OFFICE BUILDING
$485,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $655k (Nov 17 2023)
Last sale anchor
$655k
Nov 17 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$103 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$15,488
Tax year 2024
Assessed value
$224,630
Assessed 2024
Previous assessed
$224,630
+0.0% YoY
Effective rate
6.89%
On assessed value
Assessed land
$26,320
Assessed improvement
$198,310
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1924
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
6
Rooms
26
Total area
6,480 SF
Lot
0.17 ac (7,405 SF)
Zoning code
NX-2
APN
HTFD M:219 B:217 L:018
UPID
US15-1017304
Jurisdiction
HARTFORD
Zoning & alternative use
NX-2 · Hartford, CT
Zoning NX-2 · permitted uses
NX-2 · Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hartford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$565,000
RESTAURANT
Est. value
$1.1M
RETAIL STORES
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$565,000
OFFICE BUILDING
Est. value
$485,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1924
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
6
Rooms
26
Lot
0.17 ac
Current owner
From public records · entity-resolved
Magnolia St LLC
Entity
Mailing address
204 MAGNOLIA ST #206, HARTFORD, CT 06112-2453
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2023
$655,000
Magnolia St LLC
Premier Prop Group Ct LLC
Warranty Deed
$491,250 · Logan Finance Corp
Jun 20, 2022
—
Premier Prop Group Ct LLC
—
Deed
related
$525,000 · Loan Funder LLC
Jun 2, 2021
$330,000
Premier Prop Group Ct LLC
Scanner 2 Associates LLC
Warranty Deed
$318,500 · Alpha Funding Co
May 16, 2017
—
88 Nelson Realty LLC
—
Deed
related
$182,000 · Scanner 2 Assoc LLC
Sep 3, 2013
$55,000
88 Nelson Realty LLC
Shara LLC
Warranty Deed
$40,000 · Pal LLC
Jun 7, 2013
—
Shara LLC
Medwinter,devon
Foreclosure
related
—
Sep 30, 2010
—
Devon Medwinter
—
Deed Of Trust
related
$152,273 · Shara LLC
Dec 11, 2008
—
Devon Medwinter
—
Deed Of Trust
related
$87,000 · Jeffrey D Altmani Tr
Mar 26, 2008
—
Devon Medwinter
—
Deed Of Trust
related
$30,000 · Conn & Conn Co
Aug 9, 2007
—
Devon Medwinter
—
Deed Of Trust
related
$128,000 · Shara LLC
Jun 13, 2006
$1
Devon Medewinter
Medwinter,devon
Grant Deed
related
—
Jan 7, 2003
$65,000
Devon Medwinter
Equity One INC
Warranty Deed
—
Jan 24, 2001
$110,000
Kiyeta Johnson
Chambers,michael
Warranty Deed
$78,540 · Equity One Mtg Corp
Jan 24, 2001
—
Kiyeta Johnson
—
Deed Of Trust
related
$18,500 · Zenon Grzybowski
Dec 20, 2000
—
Michael Chambers
—
Deed Of Trust
related
$17,500 · Jack Rosenblit T
Sep 29, 1999
$10,000
Michael Chambers
Intl Investors Assoc
Warranty Deed
$52,500 · Money Market Mortgage
Sep 10, 1987
$160,000
Internatl Investors
Hughes,david
Grant Deed
$53,650 · Zenon Grzybowski
—
—
88 Nelson Realty LLC
—
Deed Of Trust
related
$182,000 · Scanner 2 Assoc LLC
—
—
88 Nelson Realty LLC
—
Deed Of Trust
related
$200,000 · Bcl Home Lending LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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