44 Bond St · Hartford, CT 06114

$600,000

12 bd · 6.0 ba · 5,838 sqft · MultiFamily · 60 Days on market

Built 1900 Fair condition 7,405 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 +30.0/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +9.0/10.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.2/5.0
• Schools +1.4/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 4 units. estimate disagrees with records

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 MLS

Incredible investment opportunity at 44-46 Bond Street! This multi-unit property offers strong rental income potential in a high-demand Hartford location. Just minutes from downtown, it provides convenient access to major highways including I-84 and I-91, making commuting easy. Enjoy proximity to shopping and everyday conveniences such as Stop & Shop, Walgreens, and local markets, as well as nearby parks like Keney Park and Bushnell Park. The area also offers access to schools, public transportation, and Hartford's vibrant dining and cultural scene. With excellent walkability, strong tenant appeal, and continued growth in the rental market, this property presents a solid opportunity for investors seeking a reliable, income-producing asset with upside potential. Schedule your showing today!

Key facts

• Access to schools
• Convenient access
• Nearby parks

Tags

• MULTI-UNIT PROPERTY
• STRONG RENTAL INCOME
• HIGH-DEMAND LOCATION
• CONVENIENT ACCESS
• NEARBY PARKS
• ACCESS TO SCHOOLS

What this means for you Summary

Snapshot

• This is a 4 × 3-bed/?-bath units multifamily listed at $600k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $2k ($30k/yr) — positive. Per door: $622/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($8k rent vs $600k).
• Recommended offer: $582k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 76/100 on livability (#58 in CT, #3,553 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: schools D-, crime F, employment F.
• Hartford School District (urban): math 13% / reading 21% proficiency, ranked #150 of 153 in CT (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 84% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.5%/yr); 54 active listings in the ZIP; 1,867 units permitted in Capitol Planning Region in 2024 (1,399 in 5+ unit buildings).
• At $8,396/mo this rent would consume 193% of the median local household income ($52k/yr) (locally 1897% 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 $64k of equity ($4k loan paydown + $60k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 1.5% rent growth), your $168k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$103k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($582k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 22y ago 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 $255k; list at $600k implies a 135% 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→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $582,000 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 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. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F 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?
9. 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.
10. 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.
11. 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: 1.40% ✓
• Cap rate: 11.27%
• Cash-on-cash: 17.76%
• DSCR: 1.79
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 1.47% rent growth · sell at horizon

5-year hold

• IRR: 36.7%
• Equity multiple: 3.81×
• Total profit: $472,529
• Equity at exit: $540,528

10-year hold

• IRR: 31.1%
• Equity multiple: 8.40×
• Total profit: $1,242,987
• Equity at exit: $1,165,668

Cash invested: $168,000 (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 06114

• Home prices YoY: 4.7%
• Rents YoY: 1.5%
• Active inventory: 54
• Price-to-rent: 23.8×

Monthly cashflow live

• Estimated rent: $8,396 high
• Mortgage (P&I): −$3,146
• Tax est. 1.5%: −$750 /mo · $9,000/yr
• Insurance: −$250
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,763
• Net cashflow: $2,486

Break-even live

Break-even rent $5,249

Max offer price $600,000

Occupancy floor 65%

Sensitivity live

Price	-10% $2,901	-5% $2,694	+0% $2,486	+5% $2,279	+10% $2,072
Rent	-10% $1,823	-5% $2,155	+0% $2,486	+5% $2,818	+10% $3,150
Rate	-1.0pp $2,789	-0.5pp $2,639	base $2,486	+0.5pp $2,331	+1.0pp $2,173

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

Units	Beds	Baths	Est. rent
▸ 4× units	3	—	$8,396
Total (4 units)			$8,396

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: $150,000
• Closing costs: $18,000
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-18
   days on market $600,000 Active 60 DOM
2. 2026-06-17
   days on market $600,000 Active 59 DOM
3. 2026-06-16
   days on market $600,000 Active 58 DOM
4. 2026-06-15
   days on market $600,000 Active 57 DOM
5. 2026-06-13
   days on market $600,000 Active 55 DOM
6. 2026-06-13
   days on market $600,000 Active 54 DOM
7. 2026-06-10
   days on market $600,000 Active 52 DOM
8. 2026-06-09
   days on market $600,000 Active 51 DOM
9. 2026-06-08
   days on market $600,000 Active 50 DOM
10. 2026-06-07
    days on market $600,000 Active 49 DOM
11. 2026-06-05
    days on market $600,000 Active 46 DOM
12. 2026-06-03
    days on market $600,000 Active 45 DOM
13. 2026-06-02
    days on market $600,000 Active 44 DOM
14. 2026-06-01
    days on market $600,000 Active 43 DOM
15. 2026-05-31
    days on market $600,000 Active 42 DOM
16. 2026-04-19
    listed $600,000 Active 805-char remark

    Show marketing remark (805 chars)

    Incredible investment opportunity at 44-46 Bond Street! This multi-unit property offers strong rental income potential in a high-demand Hartford location. Just minutes from downtown, it provides convenient access to major highways including I-84 and I-91, making commuting easy. Enjoy proximity to shopping and everyday conveniences such as Stop & Shop, Walgreens, and local markets, as well as nearby parks like Keney Park and Bushnell Park. The area also offers access to schools, public transportation, and Hartford's vibrant dining and cultural scene. With excellent walkability, strong tenant appeal, and continued growth in the rental market, this property presents a solid opportunity for investors seeking a reliable, income-producing asset with upside potential. Schedule your showing today!

17. 2026-04-18
    historical
18. 2026-02-22
    price $600,000
19. 2025-12-31
    listed $650,000 Active
20. 2019-04-30
    soldstatus $255,000 Closed
21. 2019-04-09
    historical
22. 2019-02-07
    historical Under Contract - Continue to Show
23. 2018-11-28
    listed $270,000 Active
24. 2009-12-31
    historical
25. 2009-06-30
    listed $339,900
26. 2006-08-31
    soldstatus $295,000
27. 2006-05-29
    listed $324,900
28. 2004-04-28
    soldstatus $53,000
29. 2004-03-30
    listed $54,900

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

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 · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $100,752
• − Mortgage interest: −$33,609
• − Property taxes: −$9,000
• − Insurance: −$3,000
• − Repairs & maintenance: −$8,060
• − Management: −$8,060
• − Depreciation: −$17,455
• Taxable income: $21,568
• Est. tax owed @ 24.0%: −$5,176
• After-tax cash flow: $24,660/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This multi-unit property requires moderate renovations to improve its condition and appeal to potential buyers and renters.

Repairs flagged

• Major kitchen cabinets — poor condition
• Major bathroom fixtures — dated and worn
• Moderate exterior paint — some wear

Value-add opportunities

• Both update kitchen cabinets and countertops — enhances both resale and rental appeal
• Both update bathrooms with new fixtures and tile — enhances both resale and rental appeal
• Both paint exterior and replace worn paint — enhances both resale and rental appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · poor condition	Major	$15,000–50,000
bathroom fixtures · dated and worn	Major	$15,000–50,000
exterior paint · some wear	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$33,000–115,000

Value-add ROI direction

• Both update kitchen cabinets and countertops — enhances both resale and rental appeal ↑
• Both update bathrooms with new fixtures and tile — enhances both resale and rental appeal ↑
• Both paint exterior and replace worn paint — enhances both resale and rental appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Hartford School District
• NCES district ID: 0901920
• Math proficiency: 13% ▼ -5.00%
• Reading proficiency: 21% ▼ -6.00%
• Median HH income: $30,521
• Composite: 13.54/100
• National rank: #9514
• State rank: #150 of 153 in CT

Livability — Hartford

• Score: 76/100
• State rank: #58
• US rank: #3553

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hartford, CT
• County: Hartford County · 754,208 people
• City population: 121,162
• Metro: Hartford-East Hartford-Middletown, CT
• Population (ZIP): 26,458
• Household income: $52,110
• Rent vs Own: 61.6% rent · 38.4% own
• Severe rent burden: 1897.0

Population outlook (Capitol County) Hauer SSP2

• By 2040: 1,063,519

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Hispanic / Latino 60% White 19% Black 19% Two or more races 10% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 36% Dominican 6%
• Common ancestry: American 6% Romanian 1% Lithuanian 1%
• Foreign-born: 31% · Canada, Jamaica
• Languages at home: 36% English-only · Spanish 49% Russian/Polish/Slavic 8% Other Indo-European 4%

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: ▲ 16.02%
• Current HPI: 356.5892
• Rent YoY: ▲ 1.47%
• 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

+992.9% since first listed

14 events — show timeline

• 2026-04-19 Listed $600,000 Smart MLS
• 2026-04-18 Listing Removed — Smart MLS
• 2026-02-22 Price Changed $600,000 Smart MLS
• 2025-12-31 Listed $650,000 Smart MLS
• 2019-04-30 Sold (MLS) $255,000 Smart MLS
• 2019-04-09 Listing Removed — Smart MLS
• 2019-02-07 Contingent — Smart MLS
• 2018-11-28 Listed $270,000 Smart MLS
• 2009-12-31 Listing Removed — Smart MLS
• 2009-06-30 Listed $339,900 Smart MLS
• 2006-08-31 Sold (MLS) $295,000 Smart MLS
• 2006-05-29 Listed $324,900 Smart MLS
• 2004-04-28 Sold (MLS) $53,000 Smart MLS
• 2004-03-30 Listed $54,900 Smart MLS