$1,200,000

Estimated payment $7,965/month

Total Views 1,166
24 Beds
6 Baths
7,458 Sq Ft
$161 Price per Sq Ft

Highlights

  • Baseboard Heating
  • Renzulli Gifted and Talented Academy Rated A-
  • Level Lot

About This Home

Great investment opportunity in the highly desirable South End! This unique offering includes two buildings on the same lot, providing both immediate cash flow and excellent future income potential. 281-283 Wethersfield Ave features 6 well-maintained units, each offering 4 bedrooms and 1 bathroom, with a total of 7,458 sq ft. The property is fully rented, with most tenants on leases and paying approximately $1,850 per month. Tenants are responsible for their own gas heat, hot water, and electricity, helping keep operating expenses low. The building currently generates approximately $125,400 in gross annual income and delivers strong, consistent cash flow with an attractive cap. 277 Wethersfield Ave offers an exciting value-add opportunity. This 10,692 sq ft building is currently under rehab and has approved plans for 12 two-bedroom units. Major framework has already been completed, and building plans are attached. Once finished, the units are projected to rent for approximately $1,400 per month each, with an estimated gross annual income of about $201,400. A rare chance to own a high-income, multi-building investment property with both stable current returns and significant upside potential!

Listing Agent

Enrique Quintana

Premier Properties of CT Brokerage Phone: (860) 967-7829 License #REB.0759056 Listed on: 05/21/2026

Co-Listing Agent

Carmen Valeria Palacios

Premier Properties of CT Brokerage Phone: (860) 967-7829 License #REB.0759057

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,161

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot
  • Level Lot

Parking

  • 12 Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Flat Tile Roof
  • Masonry Siding

Interior Spaces

  • 7,458 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • 6 Units
  • Gross Income $125,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,161

Year Built

Built in 1900

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Neighborhood: South End
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 7458
  • Total Sq Ft: 7458
  • Year Built: 1900
  • New Construction: No/Resale
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Directions: WETHERSFIELD AVE
  • Street Type: Avenue
  • Office Attribution Contact: (860) 756-0980
  • Reserve Prospect: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 24
  • Total Bathrooms: 6
  • Full Bathrooms: 6
  • Basement Description: Full
  • Attic: No

Exterior Features

  • Exterior Siding: Brick
  • Foundation Type: Brick
  • Roof Information: Flat
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Brick

Garage/Parking

  • Total Parking Spaces: 12
  • Garage And Parking: Parking Lot

Utilities

  • Cooling System: None
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Electric, 30 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.05
  • Lot Description: Level Lot
  • Zoning: NX-2
  • Parcel #: 999999999

Multi Family

  • Gross Annual Income: 125400
  • Total Number Of Units: 6

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 19161

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,997 $348,040 $46,060 $301,980
2024 $23,997 $348,040 $46,060 $301,980
2023 $23,997 $348,040 $46,060 $301,980
2022 $17,364 $348,040 $46,060 $301,980
2021 $17,364 $233,730 $27,930 $205,800
2020 $17,364 $233,730 $27,930 $205,800
2019 $17,364 $233,730 $27,930 $205,800
2018 $17,364 $233,730 $27,930 $205,800
2016 $16,880 $227,220 $26,460 $200,760
2015 $15,674 $210,990 $24,570 $186,420
2014 $14,469 $194,760 $22,680 $172,080
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/21/2026 05/21/26 For Sale $1,200,000 +66.7% $161 / Sq Ft
09/20/2019 09/20/19 Sold $720,000 0.0% $40 / Sq Ft View Prior Sale
03/08/2017 03/08/17 Rented $700 0.0% --
02/07/2017 02/07/17 For Rent $700 0.0% --
11/30/2016 11/30/16 Pending -- -- --
09/07/2016 09/07/16 For Sale $750,000 -- $41 / Sq Ft
Source: SmartMLS

Source: SmartMLS

MLS Number: 24177210

SmartMLS
Your Personal Tour Guide

Ask me questions while you tour the home.