55 Franklin Ave · Hartford, CT 06114

$382,500

5 bd · 3.0 ba · 2,365 sqft · MultiFamily public records · 2 Days on market

Built 1900 6,534 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0

Multi-family units

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

Listing remarks MLS

Investors take notice. Wonderful fully rented, well-maintained Brick 3 family located in Hartford's South End. Building features newer windows. Lead Safe Certificate. Enclosed Front Porch. 3 car detached garage. Rear decks.

Key facts

• 6,534 sq ft lot
• 3 garage spots
• Built 1900

What this means for you Summary

Snapshot

• This is a 3 × 5-bed/3.0-bath units multifamily listed at $382k.

Deal economics

• At list price, monthly cash flow is $3k ($41k/yr) — positive. Per door: $1k/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($8k rent vs $382k).

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 $7,578/mo this rent would consume 175% 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 $41k of equity ($3k loan paydown + $38k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 1.5% rent growth), your $107k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$66k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 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 $230k; list at $382k implies a 66% 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 flood risk; 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 $382,500

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 1900 — 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. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.98% ✓
• Cap rate: 17.08%
• Cash-on-cash: 38.54%
• DSCR: 2.71
• GRM: 4.2

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: 53.0%
• Equity multiple: 4.88×
• Total profit: $415,965
• Equity at exit: $344,586

10-year hold

• IRR: 46.0%
• Equity multiple: 10.63×
• Total profit: $1,030,883
• Equity at exit: $743,113

Cash invested: $107,100 (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: 12.6×

Monthly cashflow live

• Estimated rent: $7,578 medium
• Mortgage (P&I): −$2,006
• Tax from tax record: −$382 /mo · $4,579/yr
• Insurance: −$159
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,591
• Net cashflow: $3,440

Break-even live

Break-even rent $3,224

Max offer price $382,500

Occupancy floor 50%

Sensitivity live

Price	-10% $3,656	-5% $3,548	+0% $3,440	+5% $3,332	+10% $3,223
Rent	-10% $2,841	-5% $3,140	+0% $3,440	+5% $3,739	+10% $4,038
Rate	-1.0pp $3,632	-0.5pp $3,537	base $3,440	+0.5pp $3,341	+1.0pp $3,240

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

Units	Beds	Baths	Est. rent
▸ 3× units	5	3	$7,578
Total (3 units)			$7,578

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: $95,625
• Closing costs: $11,475
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-03-11
   status Under Contract
2. 2026-03-09
   listed $382,500 Active
3. 2022-09-02
   soldstatus $230,000 Closed 223-char remark

   Show marketing remark (223 chars)

   Investors take notice. Wonderful fully rented, well-maintained Brick 3 family located in Hartford's South End. Building features newer windows. Lead Safe Certificate. Enclosed Front Porch. 3 car detached garage. Rear decks.

4. 2022-06-18
   listed $239,900 Active 223-char remark

   Show marketing remark (223 chars)

   Investors take notice. Wonderful fully rented, well-maintained Brick 3 family located in Hartford's South End. Building features newer windows. Lead Safe Certificate. Enclosed Front Porch. 3 car detached garage. Rear decks.

5. 2008-08-18
   historical
6. 2008-01-15
   listed $178,900
7. 2007-07-27
   soldstatus $93,000
8. 2007-07-16
   listed $95,000
9. 2007-01-05
   historical
10. 2006-09-05
    listed $205,000
11. 2006-07-31
    historical
12. 2006-04-11
    listed $270,000
13. 1999-10-19
    soldstatus $89,900

ⓘ 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: $4,579 · $382/mo
• Projected year-2 tax: $6,382 · $532/mo
• Expected delta: +$1,803/yr (+$150/mo · 39.4%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 72% 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: $90,936
• − Mortgage interest: −$21,426
• − Property taxes: −$4,579
• − Insurance: −$1,912
• − Repairs & maintenance: −$7,275
• − Management: −$7,275
• − Depreciation: −$11,127
• Taxable income: $37,342
• Est. tax owed @ 24.0%: −$8,962
• After-tax cash flow: $32,316/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

+325.5% since first listed

13 events — show timeline

• 2026-03-11 Pending — Smart MLS
• 2026-03-09 Listed $382,500 Smart MLS
• 2022-09-02 Sold (MLS) $230,000 Smart MLS
• 2022-06-18 Listed $239,900 Smart MLS
• 2008-08-18 Listing Removed — Smart MLS
• 2008-01-15 Listed $178,900 Smart MLS
• 2007-07-27 Sold (MLS) $93,000 Smart MLS
• 2007-07-16 Listed $95,000 Smart MLS
• 2007-01-05 Listing Removed — Smart MLS
• 2006-09-05 Listed $205,000 Smart MLS
• 2006-07-31 Listing Removed — Smart MLS
• 2006-04-11 Listed $270,000 Smart MLS
• 1999-10-19 Sold (Public Records) $89,900 Public Records

Property tax history

+2.7%/yr

Latest (2025): $4,579 · +0.0% YoY. Source: county tax records.