Technical
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Property profile

247-249 Franklin Ave Hartford, CT 06114

OFF-MARKET
Other investment properties
Property ID
US15-0766338
4,202 SF 0.17 ac lot Built 1900
Individually Owned 19-yr Hold Absentee Owner
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Property summary

AI-generated overview

This mixed-use building contains three residential apartments and one street-level commercial storefront. It includes approximately six off-street parking spaces and has long-term lease arrangements in place across the units, with tenants responsible for their own heating and electricity. The property was improved with a roof replacement and exterior upgrades completed in 2024, including new siding on the rear porch, new gas hot water heaters, storm and porch windows, and motion-sensor lighting in the stairwell. Water and sewer, trash, snow removal, and lawn care are covered as part of the operating responsibilities. Residential units include appliances such as a stove and refrigerator. The building is located along a bus line and is within walking distance of shopping and restaurants.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction FRAME
Total area 4,202 SF
Lot 0.17 ac (7,501 SF)
Zoning code MS-2
APN HTFD M:251 B:667 L:002
UPID US15-0766338

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

247-249 Franklin Ave Hartford, CT 06114
Hartford metro Census 500100 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2007
6 recorded transactions
2007
Price N/A
2006
Price N/A
2006
Price N/A
2005
Price N/A
1997
Price N/A
1997
Price N/A

Zoning & alternative use

MS-2 · Hartford, CT
Zoning description

ldings and houses converted to commercial uses, all fronting pedestrian-friendly sidewalks. Ground floor storefronts contain a mix of retail and service uses, while upper stories may include office and residential uses.…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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