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7 Norfolk St
Hartford, CT 06112 Upper Albany

$1,795,000 USD

Apartments For Sale  •  12,210 SF

Property Details

• Property Type Apartments
• Total Building Size 12,210 SF
• Lot Size 0.46 AC
• Building Class C
• Year Built 1900
• Cap Rate 6.18 %
• Zoning R4

48 Transit Score

63 Walk Score

Highlights

Terrific Foundation for Future Operation - the eight-family building was completely gut rehabilitated four years ago - very well-maintained

Value-add Opportunity - review of comparable multifamily buildings in the area suggests the ability to increase rents by $150-175 per unit

Strong Historical Occupancy - typically operates above 95% occupancy

Great Location within Hartford - minutes from downtown central business district and only one mile to the border of West Hartford

Across the Street from MLK Jr. Middle School and around the corner from Annie Fisher Montessori Magnet School

Financial Summary (Actual)

Net Operating Income: $110,957 USD (2024)

Cap Rate:	6.18 %
Total Expenses:	$125,793 USD

Amenities

• Heating

Public Transportation

Commuter Rail	Drive	Walk	Distance
Hartford (Hartford Line - CONN DOT)	4 min	-	1.8 mi
Hartford Amtrak Station (Amtrak Hartford Line - Amtrak, Northeast Regional - Amtrak, Valley Flyer - Amtrak, Vermonter - Amtrak)	4 min	-	2.0 mi
Airport	Drive	Walk	Distance
Bradley International	28 min	-	16.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes