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229 Franklin Avenue

Hartford, Connecticut 06114

ACTIVE - NEW$725,000
Beds
12
Baths
6
SqFt
5,248
Acres
0.20
Year Built
1988
Matt Caiola

Matt Caiola

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MCMATT CAIOLALUXURY PROPERTIES
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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

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

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$5,543

per 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

Similar Properties

Homes with a close match in area, property type, and price.

Listed By

Tyler DeVecchis

(860) 966-9217

Century 21 AllPoints Realty

(860) 263-2121

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.