15 Jubilee St · New Britain, CT 06051

$445,000

7 bd · 3.0 ba · 2,259 sqft · MultiFamily public records · 42 Days on market

Built 1900 5,227 sqft lot $197/sqft · 19% above area Est $374k · 19% over

---

Why this score? — see what drove the C 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 +23.2/30.0
• Appreciation +10.0/10.0
• DSCR +7.4/10.0
• 1% rule +6.1/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

UPDATED AND VERY CLEAN THREE FAMILY FEATURING THREE BEDROOMS ON FIRST AND SECOND FLOOR. ONE BEDROOM ON THIRD FLOOR. ALL FLOORS RENTED. BRAND NEW ROOF AND GUTTERS. VINYL SIDING.DEEP FENCED YARD. A MUST SEE

Key facts

• 5,227 sq ft lot
• 5 parking spots
• Built 1900

Property features AI

Exterior

• Parking: Private paved driveway; Off-street parking; Paved surfaces; Total of 5 parking spaces
• Utilities: Public water connected; Public sewer (in street); Natural gas hot water
• Home design: Multi-family property (3-family); Multi-family for sale; Pale yellow exterior
• Construction: Built with frame construction; Concrete foundation; Asphalt shingle roof; Vinyl siding
• Exterior features: Sidewalk; Awnings; Porch; Gutters; Exterior lighting; Level lot

Interior

• Bedrooms: 7 bedrooms
• Bathrooms: 3 full bathrooms
• Heating & cooling: Wall unit heating; Wall unit cooling
• Interior features: 13 total rooms; Partial basement

What this means for you Summary

Snapshot

• This is a 2×3bd/1.0ba + 1×1bd/1.0ba units multifamily listed at $445k.

Deal economics

• At list price, monthly cash flow is $802 ($10k/yr) — positive. Per door: $267/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $445k).
• Recommended offer: $432k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.5% 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 $4,932/mo this rent would consume 116% 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 $48k of equity ($3k loan paydown + $44k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 0.0% rent growth), your $125k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$76k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($432k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 24y 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 $260k; list at $445k implies a 71% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $431,650 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 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: 1.11% ✓
• Cap rate: 8.46%
• Cash-on-cash: 7.73%
• DSCR: 1.34
• GRM: 7.5

CMA / ARV

• ARV (median comp): $373,694
• List price: $445,000
• Delta: 19.08%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11 Dwight Ct	0.26mi	6/3.0 (-1)	2,210 (-2%)	3mo	$290,000	$131	77
144 Dwight St	0.12mi	6/3.0 (-1)	2,033 (-10%)	5mo	$340,000	$167	68
408 East St	0.30mi	6/4.0 (-1)	2,231 (-1%)	9mo	$440,000	$197	68
115 Belden St	0.23mi	6/2.0 (-1)	2,326 (+3%)	15mo	$700,000	$301	63
163 Fairview St	0.22mi	6/2.5 (-1)	2,480 (+10%)	10mo	$400,000	$161	58
23 Edward St	0.41mi	6/3.0 (-1)	2,482 (+10%)	4mo	$360,000	$145	56
241 Belden St	0.43mi	6/2.0 (-1)	2,332 (+3%)	13mo	$436,000	$187	55
137 Newington Ave	0.36mi	8/2.0 (+1)	2,120 (-6%)	13mo	$365,000	$172	53
104 Dwight St	0.19mi	6/3.0 (-1)	2,596 (+15%)	14mo	$425,000	$164	49
106 Judd Ave	0.62mi	6/2.0 (-1)	2,184 (-3%)	14mo	$225,000	$103	46
5 Whitman St	0.47mi	6/2.0 (-1)	2,540 (+12%)	10mo	$452,000	$178	40
45 Union St	0.73mi	6/2.0 (-1)	2,060 (-9%)	12mo	$280,000	$136	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 28.7%
• Equity multiple: 3.24×
• Total profit: $279,086
• Equity at exit: $400,891

10-year hold

• IRR: 24.1%
• Equity multiple: 7.07×
• Total profit: $755,972
• Equity at exit: $864,537

Cash invested: $124,600 (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: 21.4×

Monthly cashflow live

• Estimated rent: $4,932 high
• Mortgage (P&I): −$2,334
• Tax from tax record: −$575 /mo · $6,900/yr
• Insurance: −$185
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,036
• Net cashflow: $802

Break-even live

Break-even rent $3,917

Max offer price $445,000

Occupancy floor 79%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$3,458
1× unit	1	1	$1,473
Total (3 units)			$4,932

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: $111,250
• Closing costs: $13,350
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-13
   statusdays on market $445,000 Under Contract 42 DOM
2. 2026-06-10
   days on market $445,000 Active 41 DOM
3. 2026-06-09
   days on market $445,000 Active 40 DOM
4. 2026-06-08
   days on market $445,000 Active 39 DOM
5. 2026-06-07
   days on market $445,000 Active 38 DOM
6. 2026-06-05
   days on market $445,000 Active 35 DOM
7. 2026-06-03
   days on market $445,000 Active 34 DOM
8. 2026-06-02
   days on market $445,000 Active 33 DOM
9. 2026-06-01
   days on market $445,000 Active 32 DOM
10. 2026-05-31
    days on market $445,000 Active 31 DOM
11. 2026-05-01
    listed $445,000 Active 1045-char remark
12. 2026-04-25
    historical $445,000 1045-char remark
13. 2026-01-22
    historical
14. 2026-01-21
    status Active
15. 2025-11-06
    status Under Contract
16. 2025-10-17
    listed $420,000 Active
17. 2021-11-01
    soldstatus $260,000
18. 2021-08-17
    soldstatus $260,000 Closed

    Show marketing remark (205 chars)

    UPDATED AND VERY CLEAN THREE FAMILY FEATURING THREE BEDROOMS ON FIRST AND SECOND FLOOR. ONE BEDROOM ON THIRD FLOOR. ALL FLOORS RENTED. BRAND NEW ROOF AND GUTTERS. VINYL SIDING.DEEP FENCED YARD. A MUST SEE

19. 2021-05-30
    historical

    Show marketing remark (205 chars)

    UPDATED AND VERY CLEAN THREE FAMILY FEATURING THREE BEDROOMS ON FIRST AND SECOND FLOOR. ONE BEDROOM ON THIRD FLOOR. ALL FLOORS RENTED. BRAND NEW ROOF AND GUTTERS. VINYL SIDING.DEEP FENCED YARD. A MUST SEE

20. 2021-05-22
    historical Under Contract - Continue to Show

    Show marketing remark (205 chars)

    UPDATED AND VERY CLEAN THREE FAMILY FEATURING THREE BEDROOMS ON FIRST AND SECOND FLOOR. ONE BEDROOM ON THIRD FLOOR. ALL FLOORS RENTED. BRAND NEW ROOF AND GUTTERS. VINYL SIDING.DEEP FENCED YARD. A MUST SEE

21. 2020-11-06
    price $259,900

    Show marketing remark (205 chars)

    UPDATED AND VERY CLEAN THREE FAMILY FEATURING THREE BEDROOMS ON FIRST AND SECOND FLOOR. ONE BEDROOM ON THIRD FLOOR. ALL FLOORS RENTED. BRAND NEW ROOF AND GUTTERS. VINYL SIDING.DEEP FENCED YARD. A MUST SEE

22. 2020-10-20
    listed $269,900 Active

    Show marketing remark (205 chars)

    UPDATED AND VERY CLEAN THREE FAMILY FEATURING THREE BEDROOMS ON FIRST AND SECOND FLOOR. ONE BEDROOM ON THIRD FLOOR. ALL FLOORS RENTED. BRAND NEW ROOF AND GUTTERS. VINYL SIDING.DEEP FENCED YARD. A MUST SEE

23. 2005-07-25
    soldstatus $196,000
24. 2005-04-13
    listed $189,900
25. 2003-04-08
    soldstatus $108,000
26. 2003-04-06
    soldstatus $108,000
27. 2002-10-09
    listed $118,000

ⓘ 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: $6,900 · $575/mo
• Projected year-2 tax: $8,212 · $684/mo
• Expected delta: +$1,312/yr (+$109/mo · 19.0%)

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

Taxation est. · year 1

• Rental income: $59,184
• − Mortgage interest: −$24,927
• − Property taxes: −$6,900
• − Insurance: −$2,225
• − Repairs & maintenance: −$4,735
• − Management: −$4,735
• − Depreciation: −$12,945
• Taxable income: $2,717
• Est. tax owed @ 24.0%: −$652
• After-tax cash flow: $8,975/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

+277.1% since first listed

18 events — show timeline

• 2026-06-12 Pending — Smart MLS
• 2026-05-01 Listed $445,000 Smart MLS
• 2026-04-25 Coming Soon $445,000 Smart MLS
• 2026-01-22 Listing Removed — Smart MLS
• 2026-01-21 Relisted — Smart MLS
• 2025-11-06 Pending — Smart MLS
• 2025-10-17 Listed $420,000 Smart MLS
• 2021-11-01 Sold (Public Records) $260,000 Public Records
• 2021-08-17 Sold (MLS) $260,000 Smart MLS
• 2021-05-30 Listing Removed — Smart MLS
• 2021-05-22 Contingent — Smart MLS
• 2020-11-06 Price Changed $259,900 Smart MLS
• 2020-10-20 Listed $269,900 Smart MLS
• 2005-07-25 Sold (MLS) $196,000 Smart MLS
• 2005-04-13 Listed $189,900 Smart MLS
• 2003-04-08 Sold (Public Records) $108,000 Public Records
• 2003-04-06 Sold (MLS) $108,000 Smart MLS
• 2002-10-09 Listed $118,000 Smart MLS

Property tax history

+3.6%/yr

Latest (2025): $6,900 · +2.3% YoY. Source: county tax records.