239 Farmington Ave Unit B · Hartford, CT 06105

$140,000

2 bd · 2.0 ba · 1,214 sqft · Condo public records · 21 Days on market

Built 1869 $522/mo HOA · 25% of rent ↓ 5% since listing

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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 +16.7/30.0
• 1% rule +9.9/10.0
• ARV discount +7.5/15.0
• DSCR +5.2/10.0
• Rent growth +4.2/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious contemporary style 2 bedroom , 2 full bath condo blending the charm of the historical brick and high ceilings with updated kitchen and baths . Gas furnace and central air only 3 years old. Washer and dryer is in the unit in one of the bathrooms. . 2nd bedroom in the loft area has it's own bath . Perfect place for entertaining with the open flow from the dining room to living room to the outside deck . Farmington Place is conveniently located on Farmington Avenue right in-between the west end and downtown and across from the 224 Ecospace that offers a number of health and wellness classes and cultural events . Offstreet parking in the 2nd carport (#2 ) Secured storage available in the common basement space. Condo allows 1 pet a dog or a cat. The unit is on the 2nd floor of a building with only 3 units . Back on the market , buyer did not follow through with deposit . Termination signed .

Key facts

• $522 HOA
• Parking
• Built 1869

Property features AI

Finance

• HOA & community: Monthly HOA fee of $522; HOA covers grounds maintenance, trash pickup, water, pest control, road maintenance, and insurance; Unit owners association manages the property; Pets allowed with restrictions (up to 2 pets)

Exterior

• Parking: 1 parking space
• Utilities: Public water; Public sewer; Electric domestic hot water
• Home design: Condominium (Unit in a 3-unit complex); End unit
• Construction: Frame construction
• Exterior features: Brick siding; Balcony; Deck; Paved parking

Interior

• Kitchen: Microwave; Refrigerator; Dishwasher
• Bedrooms: 2 bedrooms (unit spans 3 levels)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Hot air heating; Natural gas heating
• Interior features: Central air conditioning; One fireplace; Full basement
• Laundry & utility: Washer and dryer on main level

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $140k.

Deal economics

• At list price, monthly cash flow is $88 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.

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 fast (+6.7%/yr); 47 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,867 units permitted in Capitol Planning Region in 2024 (1,399 in 5+ unit buildings).
• At $2,090/mo this rent would consume 60% of the median local household income ($42k/yr) (locally 2389% 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 $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.7% rent growth), your $39k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 19y 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.

Risks & watch-outs

• Watch-outs: HOA is 25% of rent; built in 1869 — 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 $137,900 (1.5% below list)

Questions for the listing agent

1. Built in 1869 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
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: 1.49% ✓
• Cap rate: 7.05%
• Cash-on-cash: 2.69%
• DSCR: 1.12
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.73% rent growth · sell at horizon

5-year hold

• IRR: -5.5%
• Equity multiple: 0.78×
• Total profit: $-8,560
• Equity at exit: $20,874

10-year hold

• IRR: 9.8%
• Equity multiple: 1.95×
• Total profit: $37,426
• Equity at exit: $12,105

Cash invested: $39,200 (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 06105

• Home prices YoY: -25.6%
• Rents YoY: 6.7%
• Active inventory: 47
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $2,090 high
• Mortgage (P&I): −$734
• Tax from tax record: −$249 /mo · $2,990/yr
• Insurance: −$58
• HOA: −$522
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $88

Break-even live

Break-even rent $1,979

Max offer price $140,000

Occupancy floor 91%

Sensitivity live

Price	-10% $167	-5% $127	+0% $88	+5% $48	+10% $8
Rent	-10% $-77	-5% $5	+0% $88	+5% $170	+10% $253
Rate	-1.0pp $158	-0.5pp $123	base $88	+0.5pp $51	+1.0pp $15

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
55 Trumbull St Hartford, CT	1.0–2.0	1.0–2.0	1015	$1,995	$1.97	11d	8	1.00mi
167 Seymour St Hartford, CT	3.0–4.0	1.0	1000	$2,025	$2.02	24d	3	1.07mi
158 Seymour St Hartford, CT	3.0	1.0	1114	$2,025	$1.82	24d	2	1.09mi
100 Wells St Hartford, CT	2.0	1.0–1.5	950	$2,250	$2.37	24d	1	1.10mi
1143 Main St Hartford, CT	3.0	1.0–2.0	962	$2,994	$3.11	3d	203	1.12mi
15 Highland St #305 West Hartford, CT	2.0	2.0	1285	$2,800	$2.18	44d	1	1.17mi
915 Main St Hartford, CT	1.0–2.0	1.0–2.0	1415	$1,940	$1.37	4d	5	1.18mi
57 Park St Hartford, CT	3.0	1.0	915	$1,900	$2.08	2d	2	1.19mi
21 Temple St Hartford, CT	4.0	1.0–2.5	836	$1,532	$1.83	11d	8	1.21mi
1212 Main St Hartford, CT	2.0	1.0–2.0	766	$3,027	$3.95	3d	18	1.21mi
250 Main St Hartford, CT	1.0–2.0	1.0–2.0	725	$2,000	$2.76	24d	4	1.23mi
1 Park Rd West Hartford, CT	2.0	1.0–2.0	913	$3,647	$3.99	4d	18	1.28mi
711 Farmington Ave West Hartford, CT	1.0–2.0	1.0–1.5	975	$1,950	$2.00	24d	4	1.28mi
20 Front St Hartford, CT	1.0	1.0	663	$2,135	$3.22	3d	15	1.30mi
3 Arnoldale Rd West Hartford, CT	1.0–3.0	1.0	1050	$2,390	$2.28	11d	4	1.41mi
21 Gillette St West Hartford, CT	3.0	1.0	1400	$2,500	$1.79	4d	1	1.48mi
29 Crosby St West Hartford, CT	2.0	1.0	1100	$1,950	$1.77	44d	1	1.48mi

HOA detail condo

• Monthly dues: $522 · $6,264/yr
• Likely covers: gas
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-04-23
   status Under Contract
2. 2026-04-01
   listed $140,000 Active
3. 2022-09-15
   status Under Contract 908-char remark

   Show marketing remark (908 chars)

   Spacious contemporary style 2 bedroom , 2 full bath condo blending the charm of the historical brick and high ceilings with updated kitchen and baths . Gas furnace and central air only 3 years old. Washer and dryer is in the unit in one of the bathrooms. . 2nd bedroom in the loft area has it's own bath . Perfect place for entertaining with the open flow from the dining room to living room to the outside deck . Farmington Place is conveniently located on Farmington Avenue right in-between the west end and downtown and across from the 224 Ecospace that offers a number of health and wellness classes and cultural events . Offstreet parking in the 2nd carport (#2 ) Secured storage available in the common basement space. Condo allows 1 pet a dog or a cat. The unit is on the 2nd floor of a building with only 3 units . Back on the market , buyer did not follow through with deposit . Termination signed .

4. 2022-09-15
   soldstatus $135,000 Closed 908-char remark

   Show marketing remark (908 chars)

   Spacious contemporary style 2 bedroom , 2 full bath condo blending the charm of the historical brick and high ceilings with updated kitchen and baths . Gas furnace and central air only 3 years old. Washer and dryer is in the unit in one of the bathrooms. . 2nd bedroom in the loft area has it's own bath . Perfect place for entertaining with the open flow from the dining room to living room to the outside deck . Farmington Place is conveniently located on Farmington Avenue right in-between the west end and downtown and across from the 224 Ecospace that offers a number of health and wellness classes and cultural events . Offstreet parking in the 2nd carport (#2 ) Secured storage available in the common basement space. Condo allows 1 pet a dog or a cat. The unit is on the 2nd floor of a building with only 3 units . Back on the market , buyer did not follow through with deposit . Termination signed .

5. 2022-08-09
   historical Under Contract - Continue to Show 908-char remark

   Show marketing remark (908 chars)

   Spacious contemporary style 2 bedroom , 2 full bath condo blending the charm of the historical brick and high ceilings with updated kitchen and baths . Gas furnace and central air only 3 years old. Washer and dryer is in the unit in one of the bathrooms. . 2nd bedroom in the loft area has it's own bath . Perfect place for entertaining with the open flow from the dining room to living room to the outside deck . Farmington Place is conveniently located on Farmington Avenue right in-between the west end and downtown and across from the 224 Ecospace that offers a number of health and wellness classes and cultural events . Offstreet parking in the 2nd carport (#2 ) Secured storage available in the common basement space. Condo allows 1 pet a dog or a cat. The unit is on the 2nd floor of a building with only 3 units . Back on the market , buyer did not follow through with deposit . Termination signed .

6. 2022-07-29
   status Active 908-char remark

   Show marketing remark (908 chars)

   Spacious contemporary style 2 bedroom , 2 full bath condo blending the charm of the historical brick and high ceilings with updated kitchen and baths . Gas furnace and central air only 3 years old. Washer and dryer is in the unit in one of the bathrooms. . 2nd bedroom in the loft area has it's own bath . Perfect place for entertaining with the open flow from the dining room to living room to the outside deck . Farmington Place is conveniently located on Farmington Avenue right in-between the west end and downtown and across from the 224 Ecospace that offers a number of health and wellness classes and cultural events . Offstreet parking in the 2nd carport (#2 ) Secured storage available in the common basement space. Condo allows 1 pet a dog or a cat. The unit is on the 2nd floor of a building with only 3 units . Back on the market , buyer did not follow through with deposit . Termination signed .

7. 2022-07-28
   historical Under Contract - Continue to Show 908-char remark

   Show marketing remark (908 chars)

   Spacious contemporary style 2 bedroom , 2 full bath condo blending the charm of the historical brick and high ceilings with updated kitchen and baths . Gas furnace and central air only 3 years old. Washer and dryer is in the unit in one of the bathrooms. . 2nd bedroom in the loft area has it's own bath . Perfect place for entertaining with the open flow from the dining room to living room to the outside deck . Farmington Place is conveniently located on Farmington Avenue right in-between the west end and downtown and across from the 224 Ecospace that offers a number of health and wellness classes and cultural events . Offstreet parking in the 2nd carport (#2 ) Secured storage available in the common basement space. Condo allows 1 pet a dog or a cat. The unit is on the 2nd floor of a building with only 3 units . Back on the market , buyer did not follow through with deposit . Termination signed .

8. 2022-07-25
   status Active 908-char remark

   Show marketing remark (908 chars)

   Spacious contemporary style 2 bedroom , 2 full bath condo blending the charm of the historical brick and high ceilings with updated kitchen and baths . Gas furnace and central air only 3 years old. Washer and dryer is in the unit in one of the bathrooms. . 2nd bedroom in the loft area has it's own bath . Perfect place for entertaining with the open flow from the dining room to living room to the outside deck . Farmington Place is conveniently located on Farmington Avenue right in-between the west end and downtown and across from the 224 Ecospace that offers a number of health and wellness classes and cultural events . Offstreet parking in the 2nd carport (#2 ) Secured storage available in the common basement space. Condo allows 1 pet a dog or a cat. The unit is on the 2nd floor of a building with only 3 units . Back on the market , buyer did not follow through with deposit . Termination signed .

9. 2022-07-20
   historical Under Contract - Continue to Show 908-char remark

   Show marketing remark (908 chars)

   Spacious contemporary style 2 bedroom , 2 full bath condo blending the charm of the historical brick and high ceilings with updated kitchen and baths . Gas furnace and central air only 3 years old. Washer and dryer is in the unit in one of the bathrooms. . 2nd bedroom in the loft area has it's own bath . Perfect place for entertaining with the open flow from the dining room to living room to the outside deck . Farmington Place is conveniently located on Farmington Avenue right in-between the west end and downtown and across from the 224 Ecospace that offers a number of health and wellness classes and cultural events . Offstreet parking in the 2nd carport (#2 ) Secured storage available in the common basement space. Condo allows 1 pet a dog or a cat. The unit is on the 2nd floor of a building with only 3 units . Back on the market , buyer did not follow through with deposit . Termination signed .

10. 2022-07-14
    listed $129,900 Active 908-char remark

    Show marketing remark (908 chars)

    Spacious contemporary style 2 bedroom , 2 full bath condo blending the charm of the historical brick and high ceilings with updated kitchen and baths . Gas furnace and central air only 3 years old. Washer and dryer is in the unit in one of the bathrooms. . 2nd bedroom in the loft area has it's own bath . Perfect place for entertaining with the open flow from the dining room to living room to the outside deck . Farmington Place is conveniently located on Farmington Avenue right in-between the west end and downtown and across from the 224 Ecospace that offers a number of health and wellness classes and cultural events . Offstreet parking in the 2nd carport (#2 ) Secured storage available in the common basement space. Condo allows 1 pet a dog or a cat. The unit is on the 2nd floor of a building with only 3 units . Back on the market , buyer did not follow through with deposit . Termination signed .

11. 2017-01-27
    soldstatus $109,000 676-char remark

    Show marketing remark (676 chars)

    Affordable city living at it's finest! This stylish unit has everything and more - exposed brick, cathedral ceilings, a fireplace, laminate wood floors, in-unit laundry, deck, carport, plus glass block walls. Located in a secure building with a grand staircase to the second floor, this condo has a LR with access to a deck, DR, kitchen, bedroom and full bathroom with laundry on the main floor. Upstairs is another bedroom with full bathroom - perfect for privacy. There is shared basement storage. The complex is conveniently located on a busline and a short walk to Aetna and the CTFastrack station. Truly one of a kind and in move in condition - you won't be disappointed!

12. 2016-11-25
    historical 676-char remark

    Show marketing remark (676 chars)

    Affordable city living at it's finest! This stylish unit has everything and more - exposed brick, cathedral ceilings, a fireplace, laminate wood floors, in-unit laundry, deck, carport, plus glass block walls. Located in a secure building with a grand staircase to the second floor, this condo has a LR with access to a deck, DR, kitchen, bedroom and full bathroom with laundry on the main floor. Upstairs is another bedroom with full bathroom - perfect for privacy. There is shared basement storage. The complex is conveniently located on a busline and a short walk to Aetna and the CTFastrack station. Truly one of a kind and in move in condition - you won't be disappointed!

13. 2016-08-06
    listed $124,900 676-char remark

    Show marketing remark (676 chars)

    Affordable city living at it's finest! This stylish unit has everything and more - exposed brick, cathedral ceilings, a fireplace, laminate wood floors, in-unit laundry, deck, carport, plus glass block walls. Located in a secure building with a grand staircase to the second floor, this condo has a LR with access to a deck, DR, kitchen, bedroom and full bathroom with laundry on the main floor. Upstairs is another bedroom with full bathroom - perfect for privacy. There is shared basement storage. The complex is conveniently located on a busline and a short walk to Aetna and the CTFastrack station. Truly one of a kind and in move in condition - you won't be disappointed!

14. 2007-09-26
    historical
15. 2007-06-26
    listed $199,000
16. 2001-03-07
    soldstatus $87,500
17. 1988-06-22
    soldstatus $147,000

ⓘ 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: $2,990 · $249/mo
• Projected year-2 tax: $2,993 · $249/mo
• Expected delta: +$3/yr ($0/mo · 0.1%)

ⓘ 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: $25,085
• − Mortgage interest: −$7,842
• − Property taxes: −$2,990
• − Insurance: −$700
• − Repairs & maintenance: −$2,007
• − Management: −$2,007
• − HOA: −$6,264
• − Depreciation: −$4,073
• Taxable loss: −$798
• Est. tax savings @ 24.0%: +$191
• After-tax cash flow: $1,244/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): 19,174
• Household income: $41,937
• Rent vs Own: 80.7% rent · 19.3% own
• Severe rent burden: 2389.0

Population outlook (Capitol County) Hauer SSP2

• By 2040: 1,063,519

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: Black 39% White 28% Hispanic / Latino 26% Two or more races 14% Asian 2%
• Hispanic origin (detail): Puerto Rican 18% Cuban 1% Dominican 3%
• Common ancestry: Romanian 3% Lithuanian 2% Estonian 1%
• Foreign-born: 20% · Canada, United Kingdom
• Languages at home: 74% English-only · Spanish 18% Other Indo-European 3% French/Haitian/Cajun 2%

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: ▼ -59.58%
• Current HPI: 173.3602
• Rent YoY: ▲ 6.73%
• 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

-4.8% since first listed

17 events — show timeline

• 2026-04-23 Pending — Smart MLS
• 2026-04-01 Listed $140,000 Smart MLS
• 2022-09-15 Pending — Smart MLS
• 2022-09-15 Sold (MLS) $135,000 Smart MLS
• 2022-08-09 Contingent — Smart MLS
• 2022-07-29 Relisted — Smart MLS
• 2022-07-28 Contingent — Smart MLS
• 2022-07-25 Relisted — Smart MLS
• 2022-07-20 Contingent — Smart MLS
• 2022-07-14 Listed $129,900 Smart MLS
• 2017-01-27 Sold (MLS) $109,000 Smart MLS
• 2016-11-25 Listing Removed — Smart MLS
• 2016-08-06 Listed $124,900 Smart MLS
• 2007-09-26 Listing Removed — Smart MLS
• 2007-06-26 Listed $199,000 Smart MLS
• 2001-03-07 Sold (Public Records) $87,500 Public Records
• 1988-06-22 Sold (Public Records) $147,000 Public Records

Property tax history

+2.2%/yr

Latest (2025): $2,990 · +0.0% YoY. Source: county tax records.