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32343500
32343498

44 Buckingham Street, Hartford, CT 06106 For Sale

Horvath & Tremblay
DK
MA MA 9504385
Horvath & Tremblay
Listed by Horvath & Tremblay
$1,225,000
73 days on market
Updated 73 days ago

44 Buckingham Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,926
Net Rentable (SqFt) 7,004
Units 8
Cap Rate 9.88%
NOI $120,999
Price per SqFt $175
Year Built 1867
Buildings 1
Acreage 0.100

Multi-Family | 9.88% CAP | 7,926 Sq FT

Marketing description

ACCESS & CONNECTIVITY

44-52 Buckingham St in Hartford offers strong downtown access and connectivity, with immediate proximity to CTtransit bus service along Buckingham Street and other nearby downtown routes that link the property to the broader Hartford area.

The location is also a short drive or transit ride from Hartford Union Station, which provides Amtrak, CTrail Hartford Line, CTtransit, and Greyhound service, making regional rail and intercity travel very convenient.

Highway access is excellent as well, with the property near the I-84 and I-91 corridor that frames downtown Hartford and connects directly to the region’s major north-south and east-west travel routes.

AREA AMENITIES & DEMAND DRIVERS

Situated in the historic Buckingham brownstone district, the property is within walking distance of Hartford’s central business district, long recognized as the “Insurance Capital of the World,” where major employers including The Gold Building, The Hartford, Travelers, and Aetna, which provide a substantial daytime employment base that supports renter demand from young professionals and corporate employees.

The location is also proximate to the State of Connecticut government offices and municipal employment centers, further strengthening the local white collar workforce base.

The property is approximately a 12- to 14-minute walk from Hartford Hospital and Connecticut Children's Medical Center, two of the region’s most significant medical employers.

In addition, the nearby University of Connecticut campus and Trinity College contribute demand from graduate students, faculty, and university staff, reinforcing year-round occupancy fundamentals.

ATTRACTIVE BUCKINGHAM BROWNSTONE DISTRICT

44-52 Buckingham Street is a distinguished multifamily asset located within Hartford’s highly regarded Buckingham Brownstone District, one of the city’s most historic and architecturally significant residential enclaves.

The Property is part of the iconic Buckingham rowhouses, a collection of classic 19th century brownstone and brick residences that contribute to the neighborhood’s enduring character and strong residential appeal.

The Property features durable brick and brownstone masonry construction, a highly desirable attribute for multifamily housing that provides long-term structural integrity, fire resistance, and reduced maintenance requirements. Brick construction also delivers superior sound attenuation and thermal efficiency, contributing to lower utility costs and enhanced resident comfort while preserving long-term aesthetic appeal.

UTILITIES

Tenants are responsible for gas-powered heating & hot water, as well as separately metered electricity, which they pay directly. The Landlord is responsible for providing city water & sewer, which they pay directly.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 26,500 people live within 1 mile of the Property with an average household income of $71,112. Over 161,000 people reside within 3 miles of the Property with an average household income of $78,984.

QUALITY OF LIFE AMENITIES

The property sits within steps of the city’s primary dining and entertainment corridors, including the Front Street District and the central downtown core. Nearby local favorites include Cornerstone for casual breakfast and lunch offerings, while downtown destinations such as Peppercorn’s, Bear’s Smokehouse, and Salute.

For quick-service and national chain dining, residents benefit from strong access to the broader downtown Hartford core, where options such as Starbucks, Dunkin’, Subway, and other grab-and-go lunch concepts are concentrated around Main Street, Asylum Street, and the UConn Hartford / Front Street area.

Immediate neighborhood convenience needs are served by Noble Gas +EV, On The Go Convenience Store, and Walgreens, providing everyday essentials, pharmacy access, and late-hour convenience shopping

Investment highlights

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 44-52 Buckingham Street in Hartford, CT (the “Property”). The three-story building contains one (1) 3-Bedroom/1-Bathroom unit, three (3) 2-Bedroom/1 Bathroom units, and four (4) 1-Bedroom/1-Bathroom units with 7,004 square feet of gross living area in 7,926 square feet of gross area. The Property is situated upon a 0.10-acre parcel and features on-street parking spaces.

44-52 Buckingham Street is well-positioned in downtown Hartford, offering strong access to the city’s central business district, major institutional anchors, and surrounding urban residential neighborhoods. The property benefits from excellent connectivity to key regional routes, including immediate access to Interstate 84 and close proximity to Interstate 91, providing efficient regional access throughout central Connecticut and into the broader New England corridor.

Listing Contacts

Horvath & Tremblay
DK
MA MA 9504385
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$120,999.00
$10,083.25/mo

Valuation Metrics

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DSCR
9.88%
Cap Rate
9.88%
ROI

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Additional Information

Name
Ethan Cole
License
REB.0791749
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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