68-70 Morris St #201 · Hartford, CT 06114

$149,900

1 bd · 1.0 ba · 666 sqft · Condo public records · 11 Days on market

Built 1900 $400/mo HOA · 24% of rent

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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 +12.6/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• DSCR +3.8/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0

Listing remarks

Excellent maintained building with 6 units ranch style condos per building. The unit has been freshly painted in 2024, newer stainless steel appliances and very comfortable flow. The rustic character of exposed brick is visible throughout the unit and inside kitchen which gives a nice modern look. The unit also has vinyl flooring tastefully done to match unit decor. There is a tenant in place under a lease. This unit is within a quarter mile from Hartford hospital, Main street, Maple Avenue and Franklin Ave. Very convenient to downtown Hartford and major roads and Highways. The complex is not FHA approved for the buyers needing that type of loan. Conventional loans only or cash . Great for

Key facts

• Vinyl flooring
• Exposed brick
• Freshly painted

Tags

• RANCH STYLE CONDOS
• FRESHLY PAINTED
• STAINLESS STEEL APPLIANCES
• EXPOSED BRICK
• VINYL FLOORING

Property features AI

Finance

• Other: Part of a 12-unit building
• HOA & community: Monthly HOA fee of $400; HOA covers trash pickup, snow removal, water, sewer, and property management; Professional off-site property management; Pets not allowed

Exterior

• Parking: Large parking lot nearby (public/communal)
• Utilities: Public water; Public sewer; Domestic hot water
• Home design: Condominium (Condo/Co-Op); Located on the 2nd floor of the building; End unit; Part of the Biltmore Commons complex
• Construction: Frame, brick, and block construction
• Exterior features: Brick siding; Gutters; Paddock; City views; Located in a historic district

Interior

• Kitchen: Oven/Range; Microwave; Refrigerator; Dishwasher
• Bedrooms: Two bedrooms
• Bathrooms: One full bathroom
• Heating & cooling: Baseboard heating; Hot water heating; Natural gas heat; Thermopane windows (energy efficient)
• Interior features: Three-level unit; One fireplace; No basement
• Laundry & utility: In-unit laundry located on the main level

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $-19 ($-226/yr) — negative.
• To cash-flow at today's rent, offer at most $147k (2.2% below list).
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $147k (2.2% below list) — sets the bar for cash-flow.

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: 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.
• Zoned schools: Bulkeley High School (math 5% / reading 15%, grade F, #185 of 194 statewide, top 96%, 548 students, 87% FRL) — zoned schools at 87% FRL track the district average.
• Market conditions: Rents rising (+1.5%/yr); 54 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 1,867 units permitted in Capitol Planning Region in 2024 (1,399 in 5+ unit buildings).
• This rent runs 39% of the median local income ($52k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 1.5% rent growth), your $42k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 20y 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 $50k; list at $150k implies a 200% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent; 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→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $146,573 (2.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 1.13% ✓
• Cap rate: 6.14%
• Cash-on-cash: -0.54%
• DSCR: 0.98
• GRM: 7.4

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: 23.3%
• Equity multiple: 2.86×
• Total profit: $78,093
• Equity at exit: $135,042

10-year hold

• IRR: 20.3%
• Equity multiple: 6.40×
• Total profit: $226,464
• Equity at exit: $291,223

Cash invested: $41,972 (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: 7.4×

Monthly cashflow live

• Estimated rent: $1,695 high
• Mortgage (P&I): −$786
• Tax from tax record: −$109 /mo · $1,310/yr
• Insurance: −$62
• HOA: −$400
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $-19

Break-even live

Break-even rent $1,719

Max offer price $146,573

Occupancy floor 96%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
250 Main St Hartford, CT	1.0–2.0	1.0–2.0	725	$1,800	$2.48	23d	4	0.41mi
100 Wells St Hartford, CT	2.0	1.0–1.5	950	$1,840	$1.94	23d	1	0.72mi
20 Front St Hartford, CT	1.0	1.0	663	$2,135	$3.22	2d	15	0.76mi
55 Trumbull St Hartford, CT	1.0–2.0	1.0–2.0	1015	$1,280	$1.26	10d	8	0.86mi
21 Temple St Hartford, CT	4.0	1.0–2.5	836	$1,189	$1.42	10d	8	1.03mi
1143 Main St Hartford, CT	3.0	1.0–2.0	962	$2,347	$2.44	2d	203	1.21mi
1212 Main St Hartford, CT	2.0	1.0–2.0	766	$2,396	$3.13	2d	18	1.22mi

HOA detail condo

• Monthly dues: $400 · $4,800/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 10 events

1. 2026-06-18
   days on market $149,900 Active 11 DOM
2. 2026-06-17
   days on market $149,900 Active 10 DOM
3. 2026-06-16
   days on market $149,900 Active 9 DOM
4. 2026-06-15
   days on market $149,900 Active 8 DOM
5. 2026-06-13
   days on market $149,900 Active 6 DOM
6. 2026-06-13
   days on market $149,900 Active 5 DOM
7. 2026-06-10
   days on market $149,900 Active 3 DOM
8. 2026-06-09
   days on market $149,900 Active 2 DOM
9. 2026-06-08
   remarks 699-char remark
10. 2026-06-08
    listed $149,900 Active 1 DOM

ⓘ 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: $1,310 · $109/mo
• Projected year-2 tax: $2,259 · $188/mo
• Expected delta: +$949/yr (+$79/mo · 72.4%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥97°F today · 16 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: $20,337
• − Mortgage interest: −$8,397
• − Property taxes: −$1,310
• − Insurance: −$750
• − Repairs & maintenance: −$1,627
• − Management: −$1,627
• − HOA: −$4,800
• − Depreciation: −$4,361
• Taxable loss: −$2,533
• Est. tax savings @ 24.0%: +$608
• After-tax cash flow: $382/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: 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

+17.6% since first listed

7 events — show timeline

• 2026-06-07 Listed $149,900 Smart MLS
• 2020-10-14 Sold (Public Records) $50,000 Public Records
• 2007-07-10 Listing Removed — Smart MLS
• 2007-06-25 Sold (Public Records) $118,500 Public Records
• 2007-05-07 Listed $118,500 Smart MLS
• 2006-10-25 Listing Removed — Smart MLS
• 2006-08-25 Listed $127,500 Smart MLS

Property tax history

+1.8%/yr

Latest (2025): $1,310 · +0.0% YoY. Source: county tax records.