7 and 451 St Bristol, CT 06010
Downtown Bristol NeighborhoodEstimated payment $17,042/month
Highlights
- 0.8 Acre Lot
- Baseboard Heating
- Coin Laundry
About This Home
Prime opportunity to acquire a well-located, stabilized 20-unit multifamily portfolio in Bristol, Connecticut. This offering provides immediate in-place cash flow with strong upside through light value-add improvements. Totaling 20 units across two properties and three physical buildings, the portfolio includes 5-7 Upson Street-a 10-unit complex made up of two side-by-side buildings on a single parcel-and 451 Divinity Street, a 10-unit brick apartment building. The properties are offered at a 7.0% cap rate, with a pro forma cap rate of 8.4%, supported by achievable rent increases and improved operational efficiency. Current average rents of $1,170 are below market, with a pro forma rent of $1,353, representing 15.6% of upside rent potential. 5 Upson is a 2-story brick construction with (8) 1-bedroom units, each with three rooms and a full bath with tub. Electric baseboard heating and individual electric hot water heaters. All utilities are tenant-paid. 7 Upson is a 3-story wood-frame building with vinyl siding with (2) units: (1) 2-bedroom on the first floor and one (1) 3-bedroom unit spanning the second and third floors. Each unit has gas boiler heating and individual gas hot water heaters. Off-street parking and common coin-operated laundry. 451 Divinity Street is 2-story brick apartment building, built in 1965, sits nestled in a 0.55-acre interior lot and includes (10) 1-bedroom units with Off-street parking.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,315
Year Built
- Built in 1900
Lot Details
- 0.8 Acre Lot
Parking
- 20 Parking Spaces
Home Design
- 11,531 Sq Ft Home
- Brick Exterior Construction
- Concrete Foundation
- Slab Foundation
- Asphalt Shingled Roof
- Masonry Siding
Bedrooms and Bathrooms
- 20 Bedrooms
- 20 Full Bathrooms
Utilities
- Baseboard Heating
- Heating System Uses Oil
- Fuel Tank Located in Basement
Community Details
- 20 Units
- Coin Laundry
- Gross Income $267,508
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2025 06/11/25 | For Sale | $2,700,000 | -- | $234 / Sq Ft |
Source: SmartMLS
MLS Number: 24103386
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