229 Franklin Avenue
Hartford, Connecticut 06114
- Beds
- 12
- Baths
- 6
- SqFt
- 5,248
- Acres
- 0.20
- Year Built
- 1988
- Neighborhood
- Barry Square
- Property Type
- 5+ Family

Matt Caiola
Luxury Real Estate Advisor
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About This Home
Exceptional Investment Opportunity in the Heart of Hartford's Little Italy! Welcome to 229 Franklin Avenue, a well-maintained 6-unit brick apartment building with condominium tax status, offering an outstanding opportunity for investors seeking strong cash flow and long-term value. The property features six spacious two-bedroom, one-bathroom apartments, each offering generous floor plans with hardwood flooring, bright living and dining areas, eat-in kitchens with dishwashers, remodeled kitchens and bathrooms, stacked in-unit laundry, exposed brick accents, and foyer coat closets. Recent capital improvements include a 2-year-old flat rubber roof with a 25-year warranty, replacement windows, updated electrical service with individual subpanels, and separate tenant-paid natural gas heat and hot water, which minimizes owner expenses. The attractive brick exterior provides timeless curb appeal, and the property also offers off-street parking for tenant convenience. Located in the heart of Hartford's historic Little Italy neighborhood, this property is just minutes from Downtown Hartford, Hartford Hospital, Trinity College, Bushnell Park, major highways, restaurants, shopping, and public transportation. Benefiting from condominium tax status and a prime location in one of Hartford's most established neighborhoods, this is an excellent opportunity to add a quality multifamily asset to your investment portfolio.
Key Facts
- City/Town
- Hartford
- Neighborhood
- Barry Square
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1988
- Days on Market
- 0 days
- Beds
- 12
- Baths
- 6 full
- Living Area
- 5,248 sq ft
- Lot Size
- 0.20 acres
- Property Taxes
- $15,425 / Annually
Market Snapshot
The Hartford Market
Multi-Family · trailing 12 months
Active Listings
54
60 under contract
Median List Price
$492,500
54 active listings
Median Closed Price
$425,000
222 sales
Median Days on Market
45
54 active listings
Median $ / Sq Ft
$138
54 active listings
Sale-to-List Ratio
100.8%
222 sales
How this home compares
List Price
$725,000
vs $492,500 median
47.2% above median
Price / Sq Ft
$138
vs $138 median
In line with median
Days on Market
0 days
vs 45 days median
45 days fresher than median
Based on 54 active and 222 closed sales (trailing 12 mo) of multi-family in Hartford. Source: SmartMLS · As of October 9, 2026.
Location
229 Franklin Avenue, Hartford, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Oct 8, 2026per month
- Principal & Interest$4,016
- Property Taxes$1,285
- Insurance$242
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Hartford
- Neighborhood
- Barry Square
- County
- Hartford
Residence
- Property Type
- Multi-Family
- Subtype
- 5 Family+
- Style
- Units on different Floors
- Year Built
- 1988
- New Construction
- No/Resale
- Living Area
- 5,248 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Baseboard
- Heat Fuel
- Natural Gas
- Cooling
- Window Unit
- Basement
- FullUnfinished
Exterior & Lot
- Lot Size
- 0.20 acres
- Zoning
- Commerical/Condo Tax Status/Re
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Brick
- Roof
- Flat
- Foundation
- Masonry
- Exterior Features
- SidewalkPorch
- Lot Description
- Corner Lot
Listing & Financials
- Property Taxes
- $15,425 / Annually
- Days on Market
- 0
- MLS #
- 24192419
- MLS Status
- Active
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 10/9/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 10/9/2026 at 8:15 PM UTC.