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51 Forbes St

East Hartford CT 06108

6
6
2752 sq. ft.
0.49 ac.
Multi-Family
Currently for sale - view listing

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.

Features

6 bedrooms
6 bathrooms
2752 sq. ft. floor area
0.49 ac. lot size
Multi-Family

Property history for 51 Forbes St

2022
Sold
Undisclosed
30 Aug 2022
2016
Sold
$200,000
19 Feb 2016 by Vincent Diana, of William Raveis Real Estate
2015
Rented
Undisclosed
14 Dec 2015 by William Raveis Real Estate

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Local market activity for 6 bedroom multi families in East Hartford

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