51 Forbes Street,East Hartford, CT 06108
East Hartford, CT 06108
Description
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.
Details
| MLS # | 24205752 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 34 |
| Listing Provided By | NortheastPCG, Inc | Derek Mahabir |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 2,752 |
| Basement | Y |
| Units | 6 |
| Zoning | R3 |
| Acreage | 0.49 |
Interior
| Total Rooms | 17 |
|---|---|
| Cooling System | Window Unit |
| Fireplaces Total | 0 |
Exterior
| Roof Information | Asphalt Shingle |
|---|---|
| Foundation Type | Concrete |
Utilities
| Sewage System | Public Sewer Connected |
|---|
Taxes
| Tax Year | July 2026-June 2027 |
|---|---|
| Property Tax | 10443 |
Area Information
| State | CT |
|---|---|
| County | Hartford |
| City | East Hartford |
| Zip Code | 06108 |
| Area | N | A |
| School District | Franklin H. Mayberry |
| Elementary School | Franklin H. Mayberry |
| High School | East Hartford |
| Listing VS Median (in 06108) | |
Price: $975,000 low | high Med: $275,000 sqft: 2,752 low | high Med: 1,198 $ / sqft: $354 low | high Med: $230 On site: 34 low | high Med: 3 | |
Market Activity 06108
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Learn More About This Property
| State | CT |
|---|---|
| County | Hartford |
| City | East Hartford |
| Zip Code | 06108 |
| Area | N | A |
| School District | Franklin H. Mayberry |
| Elementary School | Franklin H. Mayberry |
| High School | East Hartford |
| Listing VS Median (in 06108) | |
Price: $975,000 low | high Med: $275,000 sqft: 2,752 low | high Med: 1,198 $ / sqft: $354 low | high Med: $230 On site: 34 low | high Med: 3 | |