206 Hamilton Street

About Property

Hartford, CT continues to be one of the fastest growing cities in New England. As of 2024, Hartford has experienced an average year-over-year rent growth of approximately 7-9%. The average rent for a one-bedroom apartment in Hartford is around $1,350 per month, while a two-bedroom apartment averages about $1,650 per month. Over the past five years, rent in Hartford has increased by approximately 20%, reflecting the city's growing demand for rental properties. Hamilton Street is located in the desirable Parkville area which has seen significant developments over the past decade, contributing to its transformation into a thriving urban neighborhood. Key initiatives and projects include, revitalization of historic buildings, the development of Parkville Market and many infrastructure improvements. This is a great opportunity to acquire this 12 unit brick building located in the Parkville area of Hartford, CT. All utilities are separate, and tenant paid. Ownership has spent over 100k in the last 2 years in cap ex and maintenance and repairs. Value add by increasing rents closer to market rates. 6 out of 12 units have been remodeled.
Listed by KW Legacy Partners, Michael Doherty. Data sourced from SmartMLS