Prime opportunity to acquire a well-located, stabilized 20-unit multifamily portfolio in Bristol, Connecticut. This offering provides immediate in-place cash flow with strong upside through light value-add improvements. Totaling 20 units across two properties and three physical buildings, the portfolio includes 5-7 Upson Street-a 10-unit complex made up of two side-by-side buildings on a single parcel-and 451 Divinity Street, a 10-unit brick apartment building. The properties are offered at a 7.0% cap rate, with a pro forma cap rate of 8.4%, supported by achievable rent increases and improved operational efficiency. Current average rents of $1,170 are below market, with a pro forma rent of $1,353, representing 15.6% of upside rent potential. 5 Upson is a 2-story brick construction with (8) 1-bedroom units, each with three rooms and a full bath with tub. Electric baseboard heating and individual electric hot water heaters. All utilities are tenant-paid. 7 Upson is a 3-story wood-frame building with vinyl siding with (2) units: (1) 2-bedroom on the first floor and one (1) 3-bedroom unit spanning the second and third floors. Each unit has gas boiler heating and individual gas hot water heaters. Off-street parking and common coin-operated laundry. 451 Divinity Street is 2-story brick apartment building, built in 1965, sits nestled in a 0.55-acre interior lot and includes (10) 1-bedroom units with Off-street parking.
For sale
$2,700,000
7 and 451 Upson and Divinity Street, Bristol, CT 06010
20beds
11,531sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$234/sqft
$-- HOA
What's special
Brick constructionElectric baseboard heatingOff-street parkingCommon coin-operated laundryGas boiler heating
- 55 days
- on Zillow |
- 360 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: June 12, 2025 at 01:11pm
Listed by:
Sandy Strickling,
Sky Realty Group
Source: Smart MLS,MLS#: 24103386

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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 20
- Full bathrooms: 20
Heating
- Baseboard, Electric, Oil
Cooling
- None
Appliances
- Included: Gas Water Heater, Water Heater
- Laundry: Coin Op Laundry
Features
- Basement: None
- Attic: None
Interior area
- Total structure area: 11,531
- Total interior livable area: 11,531 sqft
- Finished area above ground: 11,531
Property
Parking
- Total spaces: 20
- Parking features: None, Off Street
Lot
- Size: 0.8 Acres
- Features: Corner Lot, Level
Details
- Parcel number: 999999999
- Zoning: A / R-15
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter, Slab
- Roof: Asphalt,Flat
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Bristol
Financial & listing details
- Price per square foot: $234/sqft
- Tax assessed value: $1,060,990
- Annual tax amount: $23,315
- Date on market: 6/11/2025
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