This two-story, 3,312 square foot apartment building located at 28 Lincoln Pl, Bristol, CT 06010 presents a compelling value-add investment opportunity. Built in 1900, this Class C property features five units: four one-bedroom units and one three-bedroom unit, each with its own utilities. The building sits on a 0.16-acre lot and includes six parking spaces. Recent improvements include a newer roof, updated electrical system, and a newer commercial fire panel. Inside each unit, laundry hookups are provided. The property is zoned R-15/R and offers significant potential for increased value. The asking price is $479,900, translating to $144.90 per square foot and $95,980 per unit. This rarely available commercial building in a desirable Bristol suburb presents a unique chance to capitalize on a strong rental market. A group showing is scheduled for July 27th, from 10:00 AM to 11:00 AM. The seller is actively encouraging offers.

Property type Apartment buildings

Year built 1900

Total area 3,312 SF

Lot 0.16 ac (6,970 SF)

UPID US15-0434908

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

28 Lincoln Pl Bristol, CT 06010

Bristol metro

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