112 Linden St · Torrington, CT 06790

$234,500

4 bd · 2.0 ba · 2,251 sqft · MultiFamily public records · 16 Days on market

Built 1910 0.39 ac lot Est $308k · 24% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks

Well-located multi-family property with solid structure and endless potential. This home features a newer roof (2023), updated first-floor windows and a rebuilt first-floor front porch deck (2015), and newer hot water heater. First-floor unit offers in-unit laundry for added convenience. The second-floor unit includes a newer furnace (2025) and hot water heater (2025), along with a charming clawfoot tub. Situated on a desirable corner/end lot on a quiet dead-end street, adjacent to the Naugatuck River. With some updating and TLC, this property presents a fantastic opportunity for owner-occupants or investors alike.

Key facts

• 0.39 acre lot
• 2 garage spots
• Built 1910

Property features AI

Exterior

• Parking: Detached garage; 2 garage spaces; 6 total parking spaces; Driveway and unpaved parking areas
• Utilities: Public water connected; Public sewer connected; Natural gas hot water
• Home design: Multi-family (2-family) property
• Construction: Frame construction; Stone foundation; Grey exterior color
• Exterior features: Corner, level lot with water view; Vinyl siding and asbestos siding; Asphalt shingle roof; Private driveway (asphalt and dirt), paved areas

Interior

• Bedrooms: 4 bedrooms (across units)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Hot water heat fueled by natural gas
• Interior features: 10 total rooms; Full basement; Walk-up attic
• Laundry & utility: Basement laundry hook-ups; At least one in-unit laundry hook-up

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $234k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $234k).
• Recommended offer: $231k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 3.9% in Torrington — 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 76/100 on livability (#53 in CT, #3,449 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: commute F.
• Torrington School District (town): math 22% / reading 39% proficiency, ranked #125 of 153 in CT (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Vogel-Wetmore School (math 27% / reading 27%, grade F, #401 of 553 statewide, top 74%, 532 students, 66% FRL); Torrington High School (math 22% / reading 47%, grade F, #121 of 194 statewide, top 64%, 1,010 students, 57% FRL) — zoned schools average 62% FRL vs 40% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.9%/yr); 188 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 154 units permitted in Northwest Hills Planning Region in 2024 (6 in 5+ unit buildings).
• At $3,556/mo this rent would consume 60% of the median local household income ($71k/yr) (locally 1401% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 5.9% rent growth), your $66k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($231k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $77k; list at $234k implies a 205% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; moderate wind risk, 24% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $230,982 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.52% ✓
• Cap rate: 12.09%
• Cash-on-cash: 20.70%
• DSCR: 1.92
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $308,387
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
112 Linden St	0.00mi	4/2.0	2,251 (0%)	0mo	$285,000	$127	100
271 S Main St	0.19mi	4/3.0	2,338 (+4%)	6mo	$290,000	$124	76
77 Lewis St	0.26mi	4/2.0	2,126 (-6%)	14mo	$248,000	$117	66
64 Cooper St	0.56mi	4/2.0	2,100 (-7%)	2mo	$365,000	$174	61
138 Harwinton Ave	0.39mi	4/2.0	2,549 (+13%)	10mo	$350,000	$137	51
24 Maple St	0.67mi	4/2.0	2,129 (-5%)	10mo	$262,000	$123	51
183 Harwinton Ave	0.36mi	4/2.0	2,484 (+10%)	23mo	$247,000	$99	47
370 High St	0.61mi	5/3.0 (+1)	2,302 (+2%)	17mo	$359,000	$156	45
3 French St	0.70mi	5/3.0 (+1)	2,274 (+1%)	20mo	$325,000	$143	40
160 Turner Ave	0.67mi	5/3.0 (+1)	2,155 (-4%)	18mo	$390,000	$181	38
130 Turner Ave	0.63mi	5/2.0 (+1)	1,988 (-12%)	22mo	$295,000	$148	28

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

Projected returns pro-forma

-3.0% appreciation · 5.89% rent growth · sell at horizon

5-year hold

• IRR: 15.1%
• Equity multiple: 1.63×
• Total profit: $41,372
• Equity at exit: $34,965

10-year hold

• IRR: 26.0%
• Equity multiple: 3.61×
• Total profit: $171,195
• Equity at exit: $20,275

Cash invested: $65,660 (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 06790

• Rents YoY: 5.9%
• Active inventory: 188
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $3,556 high
• Mortgage (P&I): −$1,230
• Tax from tax record: −$349 /mo · $4,188/yr
• Insurance: −$98
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$747
• Net cashflow: $1,077

Break-even live

Break-even rent $2,192

Max offer price $234,500

Occupancy floor 65%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1.5	$3,556
Total (2 units)			$3,556

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: $58,625
• Closing costs: $7,035
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18 Taylor St Torrington, CT	3.0	1.0	2614	$1,700	$0.65	44d	1	0.33mi
20 Taylor St Torrington, CT	3.0	1.0	2614	$1,700	$0.65	44d	1	0.34mi
14 Culvert St Unit 2 Torrington, CT	4.0	1.0	1638	$1,695	$1.03	44d	1	0.88mi
58 E Pearl St Torrington, CT	4.0	2.0	2588	$2,300	$0.89	44d	1	0.92mi
163 Beechwood Ave Torrington, CT	4.0	2.0	1896	$2,800	$1.48	44d	1	0.99mi
66 Forest Ct Torrington, CT	4.0	1.5	3328	$2,500	$0.75	44d	1	1.32mi
70 Woodbine St Unit 2 Torrington, CT	3.0	1.0	3120	$1,700	$0.54	44d	1	1.39mi
70 Woodbine St Unit 1 Torrington, CT	3.0	1.0	3120	$1,800	$0.58	44d	1	1.39mi

Listing history 5 events

1. 2026-04-29
   status Under Contract
2. 2026-04-17
   historical Under Contract - Continue to Show
3. 2026-04-14
   listed $234,500 Active
4. 2026-04-01
   historical $234,500
5. 1998-08-25
   soldstatus $77,000

ⓘ 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: $4,188 · $349/mo
• Projected year-2 tax: $4,603 · $384/mo
• Expected delta: +$415/yr (+$35/mo · 9.9%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X · 76% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 8 d/yr ≥93°F today · 18 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 24% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $42,672
• − Mortgage interest: −$13,136
• − Property taxes: −$4,188
• − Insurance: −$1,839
• − Repairs & maintenance: −$3,414
• − Management: −$3,414
• − Depreciation: −$6,822
• Taxable income: $9,860
• Est. tax owed @ 24.0%: −$2,366
• After-tax cash flow: $10,561/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: Torrington School District
• NCES district ID: 0904590
• Math proficiency: 22% ▼ -8.00%
• Reading proficiency: 39% ▼ -6.00%
• Median HH income: $53,647
• Composite: 26.9/100
• National rank: #7087
• State rank: #125 of 153 in CT

Livability — Torrington

• Score: 76/100
• State rank: #53
• US rank: #3449

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Torrington, CT
• County: Litchfield County · 81,203 people
• City population: 35,566
• Metro: Torrington, CT
• Population (ZIP): 35,566
• Household income: $70,912
• Rent vs Own: 33.9% rent · 66.1% own
• Severe rent burden: 1401.0

Population outlook (Northwest Hills County) Hauer SSP2

• By 2040: 118,998

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 14% Two or more races 8% Black 6% Asian 3%
• Hispanic origin (detail): Puerto Rican 5% Dominican 2%
• Common ancestry: Romanian 8% Lithuanian 5% Slovak 2%
• Foreign-born: 12% · Canada, South Korea, Jamaica
• Languages at home: 86% English-only · Spanish 8% Other Indo-European 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Northwest Hills

• 2024 margin: Toss-up / Even · D 48.6% · R 49.9% · Other 1.6%
• All cycles: 2024: R+1.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -122.78%
• Current HPI: 208.4818
• Rent YoY: ▲ 5.89%
• Metro: Torrington, 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

+204.5% since first listed

5 events — show timeline

• 2026-04-29 Pending — Smart MLS
• 2026-04-17 Contingent — Smart MLS
• 2026-04-14 Listed $234,500 Smart MLS
• 2026-04-01 Coming Soon $234,500 Smart MLS
• 1998-08-25 Sold (Public Records) $77,000 Public Records

Property tax history

+1.5%/yr

Latest (2023): $4,188 · +1.7% YoY. Source: county tax records.