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    Property profile & analytics

    291 Main St Torrington, CT 06790-6768

    • Investment properties
    • 0.41 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Location Intelligence
    Property ID
    US15-1178055
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 291 Main St

    Lot size
    0.41 lot acres
    Zone code
    R6
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    TORR M:116 B:022 L:021
    APU
    TORRM116B022L021

    Description

    This exceptional six-unit apartment building, located at 291 E Main St, Torrington, CT, presents a compelling investment opportunity. The property, situated on a 0.14-acre lot (APN 893114), boasts a total of 4,431 square feet and comprises two spacious two-bedroom units and four well-appointed one-bedroom units. Built in 1920, the building has undergone significant upgrades, including a new roof (2013), updated windows throughout, and the installation of newer, high-efficiency gas boilers and water heaters, minimizing future maintenance expenses. The property is zoned LB and benefits from its prime location near major highways and the thriving downtown Torrington area, offering residents convenient access to a wide array of shopping, dining, and entertainment options. Nearby attractions such as the Warner Theatre, local museums, Coe Memorial Park, and Burr Pond State Park further enhance the property's appeal to tenants. Currently achieving a 7.3% cap rate, the property's potential for growth is significant, with projections indicating a possible 9.2% cap rate with conservative rental increases, reflecting the strong and growing Torrington rental market (projected 4.5% growth by early 2025). This turnkey investment offers a rare blend of immediate income generation and substantial long-term appreciation potential. The property's strong tenant base and recent upgrades make it an ideal addition to any investment portfolio.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $275,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $265,000
      Geo Method
      $235,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $260,000
      Mixed-Use
      $280,000
      Hospitality
      $245,000
      Educational
      $320,000
      Residential Income
      $320,000
      Energy
      $285,000
      Income-Based Land
      $275,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.12
    Latitude
    41.7945
    CBSA code
    45860
    CBSA name
    TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,479
    $29,720
    $167,930
    $197,650
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $170,000
      986 SF

      1050 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 986 SF
      1050 Main St, Torrington, CT 06790-3911
      View Details
    • Value Estimation
      $235,000
      4,085 SF

      100 Migeon Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,085 SF
      100 Migeon Ave, Torrington, CT 06790-4861
      View Details
    • Value Estimation
      $405,000
      3,697 SF

      80 Water St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,697 SF
      80 Water St, Torrington, CT 06790-5336
      View Details
    • Value Estimation
      $780,000
      13,318 SF

      122 Water St

      OFFICE/RESIDENTIAL (MIXED USE) • 13,318 SF
      122 Water St, Torrington, CT 06790-5320
      View Details
    • Value Estimation
      $520,000
      6,084 SF

      501 Essex Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 6,084 SF
      501 Essex Ct, Torrington, CT 06790-2864
      View Details
    • Value Estimation
      $80,000
      5,833 SF

      97 Highland Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,833 SF
      97 Highland Ave, Torrington, CT 06790-4833
      View Details

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    Similar Nearby for Lease

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    291 Main St
    Torrington, CT 06790-6768
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    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
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