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6 Beds
6 Baths
2,752 sqft

$975,000

51 Forbes Street, East Hartford CT, 06108

Price per sqft$354.29
Built in1956
Property size2,752 sqft
Property typeMulti-family

Overview

Active

Listed Sep 9, 2026

Updated 3 weeks ago

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.

$6,487/mo

Est. mortgage payment based on a $975,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
24205752

Interior Features

Bedrooms
6
Bathrooms
6
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.49 Acres

Other Property Details

Taxes
$10,443
Tax Frequency
Annually
MLS provider logo

Listed by Derek Mahabir with NortheastPCG, Inc (203) 751-1187

The IDX display contains information sourced from SmartMLS, Inc. as of 9/10/2026. This information is for personal, non-commercial use only and may not be used for any purpose other than identifying properties the viewer may be interested in purchasing. MLS data is generally considered reliable but is not guaranteed accurate by the MLS. Buyers are responsible for verifying all information and should conduct their own investigation or consult a professional. Some MLS data may have been provided by sources other than the listing agent. Unless stated in writing, the Broker/Agent has not verified information obtained from outside sources. The Broker/Agent may or may not have been the listing and/or selling agent, and cannot guarantee the accuracy of any property location shown on a map. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 9/10/2026 at 2:49 AM UTC.

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