26 Magnolia St · New Britain, CT 06053

$419,900

4 bd · 2.0 ba · 1,600 sqft · MultiFamily public records · 6 Days on market

Built 1926 8,712 sqft lot

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Why this score? — see what drove the D 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).

• Appreciation +10.0/10.0
• Cash flow +8.0/30.0
• ARV discount +7.5/15.0
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• 1% rule +2.6/10.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• Schools +1.0/10.0

Multi-family units

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

Listing remarks MLS

Two-family fixer-upper with solid bones. Located at 26 Magnolia St, New Britain. Vinyl siding, detached 2-car garage. Good layout in both units with strong value-add potential. Ideal for investor or owner-occupant. Convenient location. Property needs work and is priced accordingly. Great opportunity. HIGHEST AND BEST SUBMITTED BY MONDAY 2/9/26 @12NOON

Key facts

• Two-family residence
• Brand-new windows
• Updated lighting

Tags

• TWO-FAMILY RESIDENCE
• QUIET NON-THROUGH STREET
• THOUGHTFULLY RENOVATED
• UPDATED LIGHTING
• BRAND-NEW WINDOWS
• STUNNING NEW KITCHENS

Property features AI

Finance

• Other:
• Financial info:
• HOA & community:

Exterior

• Parking: Detached garage; 2-car garage
• Security:
• Utilities: Public water connected; Public sewer connected; Electric hot water; Heating fuel: electric and natural gas
• Home design: Multi-family, 2-family property; Yellow exterior
• Construction: Concrete foundation; Concrete construction; Asphalt shingle roof; Vinyl siding
• Exterior features: Porch; Gutters; Garden area; Exterior lighting; Lightly wooded, level lot

Interior

• Kitchen:
• Bedrooms: 4 bedrooms
• Flooring:
• Bathrooms: 2 full bathrooms
• Heating & cooling: Baseboard heating; Hot water heating; Radiator heating
• Interior features: 8 total rooms; Full basement with storage; Finished, heated walk-up attic; Home automation for outlets, lighting, and thermostats
• Laundry & utility: Basement laundry hookups

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $420k.

Deal economics

• At list price, monthly cash flow is $-430 ($-5k/yr) — negative. Per door: $-215/mo.
• To cash-flow at today's rent, offer at most $344k (18.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $318k (24.2% below list).
• Recommended offer: $318k (24.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 74/100 on livability (#67 in CT, #4,936 nationally) — a middle-class / working-renter tenant base. Strengths: health & safety A+, cost of living A, housing A; Watch: crime D, employment D, schools F.
• New Britain School District (suburban): math 6% / reading 17% proficiency, ranked #153 of 153 in CT (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.9%/yr); 69 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,867 units permitted in Capitol Planning Region in 2024 (1,399 in 5+ unit buildings).
• At $3,184/mo this rent would consume 61% of the median local household income ($63k/yr) (locally 1835% 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 $45k of equity ($3k loan paydown + $42k appreciation (10.0% local appreciation)).
• By year 2, paydown + projected appreciation supports a ~$72k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $241k; list at $420k implies a 74% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — 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 $318,400 (24.2% 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. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-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 D 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 0.76% ✗
• Cap rate: 5.06%
• Cash-on-cash: -4.39%
• DSCR: 0.80
• GRM: 11.0

CMA / ARV

• ARV (on-the-fly): $241,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
26 Magnolia St	0.00mi	4/2.0	1,600 (0%)	4mo	$241,000	$151	97
48 Gladiola St	0.08mi	4/2.0	1,596 (-0%)	17mo	$366,500	$230	82
122 Wilcox St	0.41mi	5/2.0 (+1)	1,668 (+4%)	8mo	$325,000	$195	62
324 Oak St	0.34mi	5/2.5 (+1)	1,613 (+1%)	18mo	$200,000	$124	61
71 Oakland Ave	0.49mi	4/2.0	1,500 (-6%)	9mo	$210,000	$140	60
314 Allen St	0.35mi	4/2.0	1,724 (+8%)	18mo	$207,000	$120	55
432 McClintock St	0.42mi	3/2.0 (-1)	1,371 (-14%)	2mo	$302,000	$220	50
278 Oak St	0.39mi	5/2.0 (+1)	1,728 (+8%)	22mo	$275,000	$159	45
53 Carlton St	0.44mi	4/2.0	1,768 (+10%)	21mo	$340,000	$192	44
108 Clark St	0.72mi	5/2.0 (+1)	1,576 (-2%)	22mo	$220,000	$140	41
122 Clark St	0.69mi	5/2.0 (+1)	1,752 (+10%)	23mo	$235,000	$134	28
144 Clark St	0.65mi	5/2.0 (+1)	1,794 (+12%)	22mo	$180,000	$100	26

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

Projected returns pro-forma

10.0% appreciation · 4.94% rent growth · sell at horizon

5-year hold

• IRR: 21.7%
• Equity multiple: 2.77×
• Total profit: $207,695
• Equity at exit: $378,279

10-year hold

• IRR: 20.0%
• Equity multiple: 6.51×
• Total profit: $647,235
• Equity at exit: $815,773

Cash invested: $117,572 (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 06053

• Home prices YoY: 15.4%
• Rents YoY: 4.9%
• Active inventory: 69
• Price-to-rent: 22.0×

Monthly cashflow live

• Estimated rent: $3,184 high
• Mortgage (P&I): −$2,202
• Tax from tax record: −$569 /mo · $6,824/yr
• Insurance: −$175
• HOA: −$0
• Vacancy / Maint / Mgmt: −$669
• Net cashflow: $-430

Break-even live

Break-even rent $3,729

Max offer price $343,892

Occupancy floor —

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,184
Total (2 units)			$3,184

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: $104,975
• Closing costs: $12,597
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
422 Allen St New Britain, CT	3.0	1.0	1276	$1,800	$1.41	14d	1	0.55mi
125 Overlook Ave Unit 2nd Floor New Britain, CT	3.0	1.0	1166	$2,000	$1.72	3d	1	0.58mi
27 Janet Dr Unit 1st Floor New Britain, CT	3.0	1.0	1581	$2,300	$1.45	23d	1	0.71mi
189 Daly Ave New Britain, CT	3.0	1.0	1250	$1,900	$1.52	14d	1	0.75mi
36 Stratford Rd New Britain, CT	4.0	1.0	1092	$2,400	$2.20	43d	1	0.75mi
13 Bartlett St Unit 2nd Floor New Britain, CT	4.0	1.0	1100	$2,500	$2.27	19d	1	0.77mi
1366 Stanley St New Britain, CT	4.0	1.0	1944	$2,400	$1.23	43d	1	0.78mi
250 Oakland Ave #2 New Britain, CT	3.0	1.0	1160	$2,100	$1.81	2d	1	0.80mi
24 Oak St Unit 2 New Britain, CT	3.0	1.0	1300	$1,607	$1.24	16d	1	0.81mi
182 Washington St Unit 3S New Britain, CT	3.0	1.0	1300	$1,650	$1.27	23d	1	0.86mi
182 Washington St Unit 182-A New Britain, CT	3.0	1.0	1300	$1,700	$1.31	23d	1	0.86mi
45 Union St New Britain, CT	5.0	2.0	2060	$2,800	$1.36	23d	1	0.90mi
17 Foxon Pl New Britain, CT	4.0	1.5	1453	$2,400	$1.65	1d	1	0.91mi
170 Hillcrest Ave New Britain, CT	4.0	1.0	1118	$2,400	$2.15	1d	1	0.95mi
27 Euston St New Britain, CT	4.0	1.0	1152	$2,400	$2.08	1d	1	1.00mi
371 Broad St Unit 1st Floor New Britain, CT	3.0	1.0	1128	$1,900	$1.68	43d	1	1.13mi
24 Dean Dr New Britain, CT	3.0	1.0	1200	$2,000	$1.67	1d	1	1.14mi
21 Olive St Unit 2S New Britain, CT	3.0	1.0	1100	$1,600	$1.45	23d	1	1.17mi
17 Pinehurst Ave Unit 2nd Floor New Britain, CT	3.0	1.0	1144	$1,900	$1.66	23d	1	1.23mi
59 Dwight St New Britain, CT	3.0	1.0	1200	$1,800	$1.50	43d	1	1.33mi
59 Dwight St Unit 3RD New Britain, CT	3.0	1.0	1200	$1,800	$1.50	23d	1	1.33mi
416 Park St Unit 3 New Britain, CT	3.0	1.0	1221	$2,100	$1.72	2d	1	1.49mi

Listing history 7 events

1. 2026-06-13
   status $419,900 Under Contract 6 DOM
2. 2026-06-10
   days on market $419,900 Active 6 DOM
3. 2026-06-09
   days on market $419,900 Active 5 DOM
4. 2026-06-08
   days on market $419,900 Active 4 DOM
5. 2026-06-07
   days on market $419,900 Active 3 DOM
6. 2026-06-05
   remarks 699-char remark
7. 2026-06-05
   listed $419,900 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: $6,824 · $569/mo
• Projected year-2 tax: $7,905 · $659/mo
• Expected delta: +$1,081/yr (+$90/mo · 15.8%)

ⓘ 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 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,208
• − Mortgage interest: −$23,521
• − Property taxes: −$6,824
• − Insurance: −$2,100
• − Repairs & maintenance: −$3,057
• − Management: −$3,057
• − Depreciation: −$12,215
• Taxable loss: −$12,565
• Est. tax savings @ 24.0%: +$3,016
• After-tax cash flow: $-2,148/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: New Britain School District
• NCES district ID: 0902670
• Math proficiency: 6% ▼ -6.00%
• Reading proficiency: 17% ▼ -5.00%
• Median HH income: $40,827
• Composite: 9.95/100
• National rank: #9816
• State rank: #153 of 153 in CT

Livability — New Britain

• Score: 74/100
• State rank: #67
• US rank: #4936

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Britain, CT
• County: Hartford County · 754,208 people
• City population: 66,322
• Metro: Hartford-East Hartford-Middletown, CT
• Population (ZIP): 36,774
• Household income: $62,645
• Rent vs Own: 48.9% rent · 51.1% own
• Severe rent burden: 1835.0

Population outlook (Capitol County) Hauer SSP2

• By 2040: 1,063,519

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 47% Hispanic / Latino 36% Two or more races 13% Black 10% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 25% Dominican 4%
• Common ancestry: Romanian 19% Lithuanian 3% Russian 1%
• Foreign-born: 22% · Canada, Vietnam, China
• Languages at home: 50% English-only · Spanish 26% Russian/Polish/Slavic 15% French/Haitian/Cajun 3%

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: ▲ 65.76%
• Current HPI: 491.4724
• Rent YoY: ▲ 4.94%
• 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

+180.1% since first listed

5 events — show timeline

• 2026-06-04 Listed $419,900 Smart MLS
• 2026-03-02 Sold (Public Records) $241,000 Public Records
• 2026-02-27 Sold (MLS) $241,000 Smart MLS
• 2026-02-09 Pending — Smart MLS
• 2026-02-05 Listed $149,900 Smart MLS

Property tax history

+3.2%/yr

Latest (2025): $6,824 · +2.4% YoY. Source: county tax records.