69 Constance Ln · Bristol, CT 06010

$559,900

6 bd · 4.5 ba · 3,380 sqft · MultiFamily public records · 5 Days on market

Built 1970 0.39 ac lot Est $571k · at est.

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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 +22.4/30.0
• ARV discount +8.4/15.0
• DSCR +7.2/10.0
• 1% rule +5.9/10.0
• Livability +4.0/5.0
• Rent growth +3.9/5.0
• Schools +3.2/10.0
• 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: 3 units. confirmed

Listing remarks MLS

PERFECT INVESTMENT OR LIVE IN AND RENT THE TWO OTHER. NEAT, CLEAN, FULLY RENTED SIDE BY SIDE TRIPLEX. THIS SIDE BY SIDE TRIPLEX WAS REMODELED 10 YRS. AGO. 2020 ALL NEW AC UNITS. NATURAL GAS!!!! FLOOR PLANS ARE THE SAME. LAUNDRY IN EVERY UNIT. NICE LEVEL YARD, PRIVATE SECTIONED OFF. PAVED PARKING LOT FOR EIGHT CARS. LARGE SHED FOR STORAGE. GREAT LOCATION. CLOSE TO SCHOOLS, SHOPPING, PARKS, GYM AND HIGHWAYS. DON'T MISS OUT ON THIS WELL MAINTAINED TRIPLEX!!!!

Key facts

• Level yard
• Private back deck
• Off street parking

Tags

• WELL MAINTAINED TRIPLEX
• THREE SPACIOUS UNITS
• PRIVATE BACK DECK
• LARGE UNFINISHED BASEMENT
• LEVEL YARD
• OFF STREET PARKING

Property features AI

Exterior

• Utilities: Public water connected; Public sewer connected; Domestic hot water
• Home design: Multi-family 3-family property
• Construction: Frame construction; Concrete foundation; Asphalt shingle roof; Grey exterior siding (aluminum)
• Exterior features: Shed; Gazebo; Deck; Gutters; Garden area; Level lot

Interior

• Bedrooms: 6 bedrooms
• Bathrooms: 3 full bathrooms; 3 half bathrooms
• Heating & cooling: Hot air heating; Natural gas fuel
• Interior features: Central air conditioning; Full unfinished basement with interior access; 12 total rooms

What this means for you Summary

Snapshot

• This is a 3 × 2.0-bed/1.5-bath units multifamily listed at $560k.

Deal economics

• At list price, monthly cash flow is $932 ($11k/yr) — positive. Per door: $311/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $560k).
• Cap rate 8.3% vs local median 3.3% in Bristol — 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 81/100 on livability (#21 in CT, #1,585 nationally) — a professional / high-income tenant draw. Strengths: crime A+, housing A+, health & safety A+; Watch: schools C-, commute F.
• Bristol School District (suburban): math 28% / reading 44% proficiency, ranked #109 of 153 in CT (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.4%/yr); 220 active listings in the ZIP; solid renter incomes; 502 units permitted in Naugatuck Valley Planning Region in 2024 (171 in 5+ unit buildings).
• At $6,099/mo this rent would consume 92% of the median local household income ($79k/yr) (locally 2172% 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 $4k of loan paydown is wiped out by about $17k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 5.4% rent growth), your $157k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 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 $365k; list at $560k implies a 53% gain — meaningful room to come down on a strong offer.

Recommended offer $559,900

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.09% ✓
• Cap rate: 8.29%
• Cash-on-cash: 7.13%
• DSCR: 1.32
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $571,220
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
29-33 Constance Ln	0.07mi	6/4.5	3,380 (0%)	16mo	$570,000	$169	83

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 · 5.41% rent growth · sell at horizon

5-year hold

• IRR: -2.7%
• Equity multiple: 0.90×
• Total profit: $-16,127
• Equity at exit: $83,483

10-year hold

• IRR: 9.5%
• Equity multiple: 1.82×
• Total profit: $128,093
• Equity at exit: $48,410

Cash invested: $156,772 (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 06010

• Rents YoY: 5.4%
• Active inventory: 220
• Price-to-rent: 22.9×

Monthly cashflow live

• Estimated rent: $6,099 high
• Mortgage (P&I): −$2,936
• Tax from tax record: −$717 /mo · $8,602/yr
• Insurance: −$233
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,281
• Net cashflow: $932

Break-even live

Break-even rent $4,919

Max offer price $559,900

Occupancy floor 80%

Sensitivity live

Price	-10% $1,249	-5% $1,090	+0% $932	+5% $773	+10% $615
Rent	-10% $450	-5% $691	+0% $932	+5% $1,173	+10% $1,414
Rate	-1.0pp $1,214	-0.5pp $1,074	base $932	+0.5pp $787	+1.0pp $639

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

Units	Beds	Baths	Est. rent
▸ 3× units	2.0	1.5	$6,099
Total (3 units)			$6,099

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: $139,975
• Closing costs: $16,797
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-02
   statusdays on market $559,900 Under Contract 5 DOM
2. 2026-06-01
   days on market $559,900 Active 4 DOM
3. 2026-05-31
   days on market $559,900 Active 3 DOM
4. 2026-05-28
   listed $559,900 Active
5. 2021-08-03
   soldstatus $365,000
6. 2021-07-30
   historical 460-char remark

   Show marketing remark (460 chars)

   PERFECT INVESTMENT OR LIVE IN AND RENT THE TWO OTHER. NEAT, CLEAN, FULLY RENTED SIDE BY SIDE TRIPLEX. THIS SIDE BY SIDE TRIPLEX WAS REMODELED 10 YRS. AGO. 2020 ALL NEW AC UNITS. NATURAL GAS!!!! FLOOR PLANS ARE THE SAME. LAUNDRY IN EVERY UNIT. NICE LEVEL YARD, PRIVATE SECTIONED OFF. PAVED PARKING LOT FOR EIGHT CARS. LARGE SHED FOR STORAGE. GREAT LOCATION. CLOSE TO SCHOOLS, SHOPPING, PARKS, GYM AND HIGHWAYS. DON'T MISS OUT ON THIS WELL MAINTAINED TRIPLEX!!!!

7. 2021-07-30
   soldstatus $365,000 Closed 460-char remark

   Show marketing remark (460 chars)

   PERFECT INVESTMENT OR LIVE IN AND RENT THE TWO OTHER. NEAT, CLEAN, FULLY RENTED SIDE BY SIDE TRIPLEX. THIS SIDE BY SIDE TRIPLEX WAS REMODELED 10 YRS. AGO. 2020 ALL NEW AC UNITS. NATURAL GAS!!!! FLOOR PLANS ARE THE SAME. LAUNDRY IN EVERY UNIT. NICE LEVEL YARD, PRIVATE SECTIONED OFF. PAVED PARKING LOT FOR EIGHT CARS. LARGE SHED FOR STORAGE. GREAT LOCATION. CLOSE TO SCHOOLS, SHOPPING, PARKS, GYM AND HIGHWAYS. DON'T MISS OUT ON THIS WELL MAINTAINED TRIPLEX!!!!

8. 2021-05-18
   historical Under Contract - Continue to Show 460-char remark

   Show marketing remark (460 chars)

   PERFECT INVESTMENT OR LIVE IN AND RENT THE TWO OTHER. NEAT, CLEAN, FULLY RENTED SIDE BY SIDE TRIPLEX. THIS SIDE BY SIDE TRIPLEX WAS REMODELED 10 YRS. AGO. 2020 ALL NEW AC UNITS. NATURAL GAS!!!! FLOOR PLANS ARE THE SAME. LAUNDRY IN EVERY UNIT. NICE LEVEL YARD, PRIVATE SECTIONED OFF. PAVED PARKING LOT FOR EIGHT CARS. LARGE SHED FOR STORAGE. GREAT LOCATION. CLOSE TO SCHOOLS, SHOPPING, PARKS, GYM AND HIGHWAYS. DON'T MISS OUT ON THIS WELL MAINTAINED TRIPLEX!!!!

9. 2021-05-03
   status Active 460-char remark

   Show marketing remark (460 chars)

   PERFECT INVESTMENT OR LIVE IN AND RENT THE TWO OTHER. NEAT, CLEAN, FULLY RENTED SIDE BY SIDE TRIPLEX. THIS SIDE BY SIDE TRIPLEX WAS REMODELED 10 YRS. AGO. 2020 ALL NEW AC UNITS. NATURAL GAS!!!! FLOOR PLANS ARE THE SAME. LAUNDRY IN EVERY UNIT. NICE LEVEL YARD, PRIVATE SECTIONED OFF. PAVED PARKING LOT FOR EIGHT CARS. LARGE SHED FOR STORAGE. GREAT LOCATION. CLOSE TO SCHOOLS, SHOPPING, PARKS, GYM AND HIGHWAYS. DON'T MISS OUT ON THIS WELL MAINTAINED TRIPLEX!!!!

10. 2021-04-11
    historical Under Contract - Continue to Show 460-char remark

    Show marketing remark (460 chars)

    PERFECT INVESTMENT OR LIVE IN AND RENT THE TWO OTHER. NEAT, CLEAN, FULLY RENTED SIDE BY SIDE TRIPLEX. THIS SIDE BY SIDE TRIPLEX WAS REMODELED 10 YRS. AGO. 2020 ALL NEW AC UNITS. NATURAL GAS!!!! FLOOR PLANS ARE THE SAME. LAUNDRY IN EVERY UNIT. NICE LEVEL YARD, PRIVATE SECTIONED OFF. PAVED PARKING LOT FOR EIGHT CARS. LARGE SHED FOR STORAGE. GREAT LOCATION. CLOSE TO SCHOOLS, SHOPPING, PARKS, GYM AND HIGHWAYS. DON'T MISS OUT ON THIS WELL MAINTAINED TRIPLEX!!!!

11. 2021-04-08
    listed $380,000 Active 460-char remark

    Show marketing remark (460 chars)

    PERFECT INVESTMENT OR LIVE IN AND RENT THE TWO OTHER. NEAT, CLEAN, FULLY RENTED SIDE BY SIDE TRIPLEX. THIS SIDE BY SIDE TRIPLEX WAS REMODELED 10 YRS. AGO. 2020 ALL NEW AC UNITS. NATURAL GAS!!!! FLOOR PLANS ARE THE SAME. LAUNDRY IN EVERY UNIT. NICE LEVEL YARD, PRIVATE SECTIONED OFF. PAVED PARKING LOT FOR EIGHT CARS. LARGE SHED FOR STORAGE. GREAT LOCATION. CLOSE TO SCHOOLS, SHOPPING, PARKS, GYM AND HIGHWAYS. DON'T MISS OUT ON THIS WELL MAINTAINED TRIPLEX!!!!

12. 2021-04-07
    historical
13. 2021-03-21
    listed $399,000 Active
14. 2006-11-27
    soldstatus $368,000
15. 2006-10-25
    soldstatus $365,000
16. 2006-06-01
    listed $365,900
17. 1997-12-01
    soldstatus $170,000
18. 1989-04-07
    soldstatus $237,000

ⓘ 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: $8,602 · $717/mo
• Projected year-2 tax: $10,292 · $858/mo
• Expected delta: +$1,690/yr (+$141/mo · 19.6%)

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

Taxation est. · year 1

• Rental income: $73,188
• − Mortgage interest: −$31,363
• − Property taxes: −$8,602
• − Insurance: −$2,800
• − Repairs & maintenance: −$5,855
• − Management: −$5,855
• − Depreciation: −$16,288
• Taxable income: $2,425
• Est. tax owed @ 24.0%: −$582
• After-tax cash flow: $10,601/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: Bristol School District
• NCES district ID: 0900510
• Math proficiency: 28% ▼ -10.00%
• Reading proficiency: 44% ▼ -5.00%
• Median HH income: $59,953
• Composite: 32.07/100
• National rank: #5814
• State rank: #109 of 153 in CT

Livability — Bristol

• Score: 81/100
• State rank: #21
• US rank: #1585

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bristol, CT
• County: Hartford County · 754,208 people
• City population: 61,684
• Metro: Hartford-East Hartford-Middletown, CT
• Population (ZIP): 61,684
• Household income: $79,314
• Rent vs Own: 35.2% rent · 64.8% own
• Severe rent burden: 2172.0

Population outlook (Naugatuck Valley County) Hauer SSP2

• By 2040: 496,846

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 19% Two or more races 13% Black 7% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 13%
• Common ancestry: Lithuanian 11% Romanian 10% Slovak 1%
• Foreign-born: 10% · Canada
• Languages at home: 79% English-only · Spanish 11% Other Indo-European 3% Russian/Polish/Slavic 2%

Political lean MEDSL · Naugatuck Valley

• 2024 margin: Lean R (+7.4) · D 45.6% · R 53.0% · Other 1.4%
• All cycles: 2024: R+7.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -293.55%
• Current HPI: 255.5419
• Rent YoY: ▲ 5.41%
• 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

+136.2% since first listed

15 events — show timeline

• 2026-05-28 Listed $559,900 Smart MLS
• 2021-08-03 Sold (Public Records) $365,000 Public Records
• 2021-07-30 Listing Removed — Smart MLS
• 2021-07-30 Sold (MLS) $365,000 Smart MLS
• 2021-05-18 Contingent — Smart MLS
• 2021-05-03 Relisted — Smart MLS
• 2021-04-11 Contingent — Smart MLS
• 2021-04-08 Listed $380,000 Smart MLS
• 2021-04-07 Listing Removed — Smart MLS
• 2021-03-21 Listed $399,000 Smart MLS
• 2006-11-27 Sold (MLS) $368,000 Smart MLS
• 2006-10-25 Sold (Public Records) $365,000 Public Records
• 2006-06-01 Listed $365,900 Smart MLS
• 1997-12-01 Sold (Public Records) $170,000 Public Records
• 1989-04-07 Sold (Public Records) $237,000 Public Records

Property tax history

+2.6%/yr

Latest (2025): $8,602 · +6.1% YoY. Source: county tax records.