1. Connecticut
2. Bristol
3. 7 and 451 Upson and Divinity Street

7 and 451 Upson and Divinity Street, Bristol, CT 06010

• 20 beds |
• 20 baths |
• 11,531 sqft

Property Description

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.

Listing Status:

Active

Date Added:

June 11, 2025 at 09:10PM

Listing Office:

Sky Realty Group : (860) 638-9748

Listing Agent:

Sandy Strickling : (860) 638-9748

MLS ID:

24103386

Interior

• Laundry: Coin Op Laundry
• Basement: None
• A/C: None
• Heating: BaseboardElectricOil

Exterior

Construction

Location

Lot

Utilities

This listing courtesy of Sandy Strickling, Sky Realty Group