Hartford Area Commercial

High-Potential Multifamily Investment: Value-Add Portfolio at 32-48 Huntington Street, Hartford, CT

An exceptional commercial investment opportunity in Hartford’s historic Asylum Hill neighborhood, 32-48 Huntington Street offers a substantial footprint for investors seeking high-yield potential and scale. Listed at $5,555,000, this rare multifamily portfolio comprises 5 classic brick buildings situated on a unified campus, alongside an adjacent vacant lot with gated, shared rear parking. Positioned in a rapidly growing urban market, this asset combines immediate cash flow potential with significant long-term capital appreciation.

Property Overview & Key Details

• Address: 32-48 Huntington Street, Hartford, CT 06105 (Hartford County)

• List Price: $5,555,000 USD

• Status: Pending

• Property Type: Commercial / Multifamily Portfolio

• Lot Size: 9,583 Sq. Ft. (Level Lot with Gated Parking)

• Year Built: 1968

• Annual Taxes: $39,823 (2025)

• MLS ID: 24152316

Strategic Value-Add Potential & Unit Mix

This portfolio features a versatile selection of layouts tailored to strong tenant demand, ranging from cozy studios to expansive 3-bedroom townhomes (many equipped with 2 full bathrooms):

• Turnkey & Renovated Units: Approximately 25 to 30 units have already been updated with modern interior finishes, offering stable baseline revenue.

• Upside Opportunity: The remaining unrenovated units provide a clear path for capital improvements, allowing new ownership to reposition the asset and optimize rental income.

Building Features & Infrastructure

Designed for operational efficiency, the campus features a robust mechanical setup and dedicated tenant amenities:

• Utilities & Capital Upgrades: Updated electrical systems with subpanels in every unit, alongside multiple newer natural gas boilers and hot water heaters.

• On-Site Management & Services: Dedicated on-site management office and individual laundry rooms located within each building.

• Structural & Utilities: Solid brick construction, flat roof design, natural gas hot water heating, connected public sewer, and public electric and gas utility service.

Prime Location: Asylum Hill, Hartford

Situated in the dynamic Asylum Hill area, the campus offers seamless connectivity to downtown Hartford, major regional employers, healthcare networks, and public transit. The gated rear lot adds rare urban parking convenience, further strengthening tenant attraction and retention.

Listing Broker Information

• Listing Brokers: Lisa Cozzi & Molly Sullivan (Century 21 Allpoints Realty)

• Contact Phone: (860) 508-2102

• MLS Source: SMART MLS