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$975,000 51 Forbes, East Hartford, CT

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$975,000

51 Forbes, East Hartford, CT

6 bedrooms6 full bathrooms2,752 square feet
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Overview

Tour dates available: 9/16 and 9/18. Six-unit, single-story garden-style multifamily investment on nearly a half-acre in East Hartford. Built in 1956, the property offers a unit mix of five one-bedrooms and one flexible efficiency, with on-site coin-op laundry and tenant storage lockers. Off-street parking serves all units. Utilities are individually metered for electric, with seven separate gas meters (one for common areas, one per unit) supplying a central gas-fired heating and hot water system. This setup provides a clear path for a new owner to convert heat and hot water to tenant responsibility, adding further upside. Five of the six units have been fully renovated, offering turnkey interiors with updated kitchens, flooring, and finishes. In-place rents average below current pro forma levels, presenting an attractive mark-to-market opportunity as leases turn over. Ideally located minutes from downtown Hartford and the Connecticut River, with quick access to Interstates 84 and 91. The surrounding area benefits from a strong employment base anchored by a major aerospace manufacturer, along with nearby retail, dining, parks, and transit options. A well-maintained, manageable-scale asset offering both stable current income and meaningful upside for a value-add investor.

Property Details

Property Details

MLS Number 24205752
List Price 975000
Status Active
Property Type Multi-Family For Sale
Property Sub Type 5 Family+
Beds Total 6
Baths Full 6
Baths Half 0
Total Rooms 17
Acres 0.49
Year Built 1956
Living Area SQFT Per Public Record 2752
Style Units are Side-by-Side
Basement Description Full
Fireplaces Total 0
Heat Type Hot Water
Heat Fuel Type Natural Gas
Cooling System Window Unit
Water Source Public Water Connected
Sewage System Public Sewer Connected
Direct Waterfront YN 0
Waterfront Description Not Applicable
Days on Market 50

Courtesy of Derek Mahabir NortheastPCG, Inc. Source: SmartMLS. © 2026.

Listing information is provided by SmartMLS.

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