59 Trinity St · New Britain, CT 06051

$724,500

15 bd · 5.0 ba · 6,519 sqft · MultiFamily · 47 Days on market

Built 1900 8,276 sqft lot

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.1/30.0
• Appreciation +10.0/10.0
• DSCR +9.4/10.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Schools +1.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 5 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

Exceptional 5-unit investment opportunity offering strong in-place income with clear potential to exceed $100,000+ in annual revenue. This well-maintained property currently generates approximately $93,300 per year, with all utilities paid by tenants, resulting in a highly efficient, low-expense operation. The property features a highly desirable unit mix, including three large 3-bedroom units (each approximately 1,400+ sq ft) in the front building, along with a 2-bedroom and a rare 5-bedroom unit in the rear building. Each unit is equipped with its own washer and dryer, a highly sought-after amenity that enhances tenant retention and rental value. Significant capital improvements have been

Key facts

• 8,276 sq ft lot
• 6 parking spots
• Built 1900

Property features AI

Finance

• Other: Property listed as Multi-Family For Sale; 5-family+ sub-type
• Financial info: No rent, income, expense, or investor-specific financial details provided
• HOA & community: No HOA details provided

Exterior

• Parking: Off-street unpaved parking; 6 parking spaces
• Security: No security details provided
• Utilities: Public water connected; Public sewer connected; Gas service on site
• Home design: Multi-family building (5+ units)
• Construction: Masonry foundation; Concrete and masonry construction; Asphalt shingle roof
• Exterior features: Vinyl siding; Walkable to bus lines

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: 16 total bedrooms across the building
• Flooring: No flooring details provided
• Bathrooms: 5 full bathrooms
• Heating & cooling: Gas heating
• Interior features: Full basement; Walk-up attic; 26 total rooms
• Laundry & utility: Washer and dryer in every unit; Laundry located in each unit

What this means for you Summary

Snapshot

• This is a 5 × 3-bed/?-bath units multifamily listed at $724k.

Deal economics

• At list price, monthly cash flow is $2k ($25k/yr) — positive. Per door: $410/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($9k rent vs $724k).
• Recommended offer: $703k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.7% vs local median 4.4% in New Britain — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#67 in CT, #4,936 nationally) — a middle-class / working-renter tenant base. Strengths: health & safety A+, cost of living A, housing A; Watch: crime D, employment D, schools F.
• New Britain School District (suburban): math 6% / reading 17% proficiency, ranked #153 of 153 in CT (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-0.6%/yr); 63 active listings in the ZIP; 1,867 units permitted in Capitol Planning Region in 2024 (1,399 in 5+ unit buildings).
• At $9,189/mo this rent would consume 216% of the median local household income ($51k/yr) (locally 2100% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $77k of equity ($5k loan paydown + $72k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 0.0% rent growth), your $203k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$125k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($703k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $325k; list at $724k implies a 123% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $702,765 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 9.69%
• Cash-on-cash: 12.13%
• DSCR: 1.54
• GRM: 6.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 31.8%
• Equity multiple: 3.46×
• Total profit: $498,470
• Equity at exit: $652,687

10-year hold

• IRR: 26.5%
• Equity multiple: 7.49×
• Total profit: $1,317,551
• Equity at exit: $1,407,544

Cash invested: $202,860 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06051

• Home prices YoY: 9.0%
• Rents YoY: -0.6%
• Active inventory: 63
• Price-to-rent: 32.9×

Monthly cashflow live

• Estimated rent: $9,189 high
• Mortgage (P&I): −$3,799
• Tax from tax record: −$1,108 /mo · $13,299/yr
• Insurance: −$302
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,930
• Net cashflow: $2,050

Break-even live

Break-even rent $6,594

Max offer price $724,500

Occupancy floor 73%

Sensitivity live

Price	-10% $2,460	-5% $2,255	+0% $2,050	+5% $1,845	+10% $1,640
Rent	-10% $1,324	-5% $1,687	+0% $2,050	+5% $2,413	+10% $2,776
Rate	-1.0pp $2,415	-0.5pp $2,234	base $2,050	+0.5pp $1,862	+1.0pp $1,671

5-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 5× units	3	—	$9,190
Total (5 units)			$9,189

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $181,125
• Closing costs: $21,735
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-05-08
   status Under Contract
2. 2026-04-18
   historical Under Contract - Continue to Show
3. 2026-04-15
   status Active
4. 2026-04-14
   historical Under Contract - Continue to Show
5. 2026-03-23
   listed $724,500 Active
6. 2026-03-18
   historical $724,500
7. 2024-01-22
   soldstatus $325,000
8. 2005-06-15
   soldstatus $215,000
9. 2003-03-31
   soldstatus $158,000
10. 2001-05-01
    soldstatus $120,000
11. 2001-01-09
    soldstatus $50,000
12. 1999-07-06
    soldstatus $239,018
13. 1995-12-05
    soldstatus $61,000
14. 1989-04-27
    soldstatus $273,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $13,299 · $1,108/mo
• Projected year-2 tax: $14,402 · $1,200/mo
• Expected delta: +$1,103/yr (+$92/mo · 8.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $110,268
• − Mortgage interest: −$40,583
• − Property taxes: −$13,299
• − Insurance: −$3,622
• − Repairs & maintenance: −$8,821
• − Management: −$8,821
• − Depreciation: −$21,076
• Taxable income: $14,044
• Est. tax owed @ 24.0%: −$3,371
• After-tax cash flow: $21,227/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: New Britain School District
• NCES district ID: 0902670
• Math proficiency: 6% ▼ -6.00%
• Reading proficiency: 17% ▼ -5.00%
• Median HH income: $40,827
• Composite: 9.95/100
• National rank: #9816
• State rank: #153 of 153 in CT

Livability — New Britain

• Score: 74/100
• State rank: #67
• US rank: #4936

Category grades

Amenities C Commute B Cost of living A Crime D Employment D Housing A Health & safety A+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Britain, CT
• County: Hartford County · 754,208 people
• City population: 66,322
• Metro: Hartford-East Hartford-Middletown, CT
• Population (ZIP): 29,548
• Household income: $51,022
• Rent vs Own: 68.9% rent · 31.1% own
• Severe rent burden: 2100.0

Population outlook (Capitol County) Hauer SSP2

• By 2040: 1,063,519

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: Hispanic / Latino 52% White 30% Two or more races 17% Black 11% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 40% Dominican 4%
• Common ancestry: Romanian 7% Lithuanian 6% Slovak 1%
• Foreign-born: 15% · Canada, Jamaica
• Languages at home: 51% English-only · Spanish 39% Russian/Polish/Slavic 6% Arabic 3%

Political lean MEDSL · Capitol

• 2024 margin: Strong D (+21.9) · D 60.1% · R 38.2% · Other 1.7%
• All cycles: 2024: D+21.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 31.52%
• Current HPI: 382.7816
• Rent YoY: ▼ -0.58%
• Metro: Hartford-East Hartford-Middletown, CT
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+164.5% since first listed

14 events — show timeline

• 2026-05-08 Pending — Smart MLS
• 2026-04-18 Contingent — Smart MLS
• 2026-04-15 Relisted — Smart MLS
• 2026-04-14 Contingent — Smart MLS
• 2026-03-23 Listed $724,500 Smart MLS
• 2026-03-18 Coming Soon $724,500 Smart MLS
• 2024-01-22 Sold (Public Records) $325,000 Public Records
• 2005-06-15 Sold (Public Records) $215,000 Public Records
• 2003-03-31 Sold (Public Records) $158,000 Public Records
• 2001-05-01 Sold (Public Records) $120,000 Public Records
• 2001-01-09 Sold (Public Records) $50,000 Public Records
• 1999-07-06 Sold (Public Records) $239,018 Public Records
• 1995-12-05 Sold (Public Records) $61,000 Public Records
• 1989-04-27 Sold (Public Records) $273,900 Public Records

Property tax history

+3.7%/yr

Latest (2025): $13,299 · +2.4% YoY. Source: county tax records.