451 Divinity St, Bristol, CT 06010

Recently reduced to $1,199,000, this 10-unit multifamily at 451 Divinity St presents a compelling opportunity to acquire scale at an attractive basis in a growing Central Connecticut market. Located just 20 miles southwest of Hartford and within two hours of New York City and Boston, Bristol combines affordability with strong access to regional employment hubs, attracting renters priced out of larger metro areas.

Bristol’s economy has diversified beyond its manufacturing roots into healthcare, advanced manufacturing, financial services, and media, anchored by ESPN’s global headquarters. Ongoing redevelopment initiatives, including Downtown Bristol and Centre Square, are driving residential demand, supported by proximity to UConn Health and Bristol Hospital.

This property offers strong cash flow, high occupancy, and upside potential in a market with constrained housing supply. With an actual NOI of $82,918, a 6.9% cap rate, and a proforma ROI of 9.7%, it’s an ideal opportunity for investors seeking immediate income and long-term growth in a high-demand rental market.