143 Carroll St · New Britain, CT 06053

$499,900

6 bd · 2.0 ba · 2,418 sqft · MultiFamily public records · 4 Days on market

Built 1968 7,405 sqft lot Est $418k · 20% over

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Why this score? — see what drove the F 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
• Rent growth +3.7/5.0
• Livability +3.7/5.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0

Multi-family units

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

Listing remarks MLS

Well maintained 2 family house w/large rooms,three bedroos,1 bath each floor andone full bath in basement,large eatin-in kitchen.Hardwood floors.

Key facts

• 7,405 sq ft lot
• 2 garage spots
• Built 1968

Property features AI

Finance

• Other: Property offered as multi-family for sale
• Financial info: Assessed value listed (not a financial summary): $219,310
• HOA & community: No HOA information provided

Exterior

• Parking: Attached garage; 2-car garage
• Security: No security features provided
• Utilities: Public water connected; Public sewer connected; Natural gas for heat and hot water
• Home design: Multi-family (2-family); 2 dwelling units; Living area approximately 2418 (public record)
• Construction: Frame construction; Concrete foundation
• Exterior features: Level lot; Vinyl siding; Shingle roof

Interior

• Kitchen: No specific appliances listed
• Bedrooms: 6 bedrooms total
• Flooring: No flooring details provided
• Bathrooms: 3 full bathrooms
• Heating & cooling: Baseboard heating fueled by natural gas; Central air conditioning
• Interior features: Full, partially finished basement that is heated and cooled; Attic with pull-down stairs; Total of 10 rooms (multi-family)
• Laundry & utility: All units have laundry hook-ups; 40-gallon natural gas hot water tank

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.5-bath units multifamily listed at $500k.

Deal economics

• At list price, monthly cash flow is $-521 ($-6k/yr) — negative. Per door: $-260/mo.
• To cash-flow at today's rent, offer at most $408k (18.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $383k (23.4% below list).
• Recommended offer: $383k (23.4% 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.
• 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.
• Zoned schools: Diloreto Elementary & Middle School (math 4% / reading 15%, grade F, #522 of 553 statewide, top 95%, 842 students, 73% FRL); Pulaski Middle School (math 0% / reading 13%, grade F, #171 of 175 statewide, top 98%, 867 students, 80% FRL); New Britain High School (math 10% / reading 31%, grade F, #162 of 194 statewide, top 83%, 2,331 students, 71% FRL) — zoned schools at 75% FRL track the district average.
• Market conditions: Rents rising fast (+4.9%/yr); 71 active listings in the ZIP; 1,867 units permitted in Capitol Planning Region in 2024 (1,399 in 5+ unit buildings).
• At $3,829/mo this rent would consume 73% 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 $53k of equity ($3k loan paydown + $50k appreciation (10.0% local appreciation)).
• By year 2, paydown + projected appreciation supports a ~$86k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $124k; list at $500k implies a 305% gain — meaningful room to come down on a strong offer.

Recommended offer $382,900 (23.4% 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 1968 — 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: 0.77% ✗
• Cap rate: 5.04%
• Cash-on-cash: -4.47%
• DSCR: 0.80
• GRM: 10.9

CMA / ARV

• ARV (on-the-fly): $418,314
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
27 Janet Dr	0.08mi	6/2.0	2,430 (+0%)	4mo	$435,000	$179	92
83 Kim Dr	0.11mi	6/2.0	2,730 (+13%)	6mo	$421,500	$154	69
54 Overlook Ave	0.54mi	6/3.0	2,298 (-5%)	1mo	$565,000	$246	62
771 Farmington Ave	0.43mi	5/2.0 (-1)	2,416 (-0%)	17mo	$259,900	$108	61
23 Randolph Ct	0.36mi	6/2.0	2,597 (+7%)	19mo	$420,000	$162	55
125 Overlook Ave	0.59mi	6/2.0	2,332 (-4%)	16mo	$403,000	$173	53
869-871 Farmington Ave	0.62mi	6/2.0	2,184 (-10%)	20mo	$415,000	$190	38
137 Jordan St	0.74mi	6/2.0	2,226 (-8%)	22mo	$445,000	$200	34
508 Eddy Glover Blvd	0.72mi	5/2.0 (-1)	2,224 (-8%)	21mo	$360,000	$162	31

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: 2.76×
• Total profit: $246,808
• Equity at exit: $450,350

10-year hold

• IRR: 20.0%
• Equity multiple: 6.50×
• Total profit: $769,857
• Equity at exit: $971,196

Cash invested: $139,972 (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: 71
• Price-to-rent: 21.8×

Monthly cashflow live

• Estimated rent: $3,829 high
• Mortgage (P&I): −$2,622
• Tax from tax record: −$716 /mo · $8,593/yr
• Insurance: −$208
• HOA: −$0
• Vacancy / Maint / Mgmt: −$804
• Net cashflow: $-521

Break-even live

Break-even rent $4,488

Max offer price $407,864

Occupancy floor —

Sensitivity live

Price	-10% $-238	-5% $-380	+0% $-521	+5% $-662	+10% $-804
Rent	-10% $-823	-5% $-672	+0% $-521	+5% $-370	+10% $-219
Rate	-1.0pp $-269	-0.5pp $-394	base $-521	+0.5pp $-651	+1.0pp $-782

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1.5	$3,828
Total (2 units)			$3,829

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: $124,975
• Closing costs: $14,997
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-16
   statusdays on market $499,900 Under Contract 4 DOM
2. 2026-06-15
   days on market $499,900 Active 3 DOM
3. 2026-06-13
   statusdays on market $499,900 Active 1 DOM
4. 2026-06-10
   days on market $499,900 Coming Soon 7 DOM
5. 2026-06-09
   days on market $499,900 Coming Soon 6 DOM
6. 2026-06-08
   days on market $499,900 Coming Soon 5 DOM
7. 2026-06-07
   days on market $499,900 Coming Soon 4 DOM
8. 2026-06-05
   remarks 699-char remark
9. 2026-06-05
   listed $499,900 Coming Soon 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: $8,593 · $716/mo
• Projected year-2 tax: $9,645 · $804/mo
• Expected delta: +$1,052/yr (+$88/mo · 12.2%)

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

Taxation est. · year 1

• Rental income: $45,948
• − Mortgage interest: −$28,002
• − Property taxes: −$8,593
• − Insurance: −$2,500
• − Repairs & maintenance: −$3,676
• − Management: −$3,676
• − Depreciation: −$14,543
• Taxable loss: −$15,041
• Est. tax savings @ 24.0%: +$3,610
• After-tax cash flow: $-2,642/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

+349.0% since first listed

5 events — show timeline

• 2026-06-03 Coming Soon $499,900 Smart MLS
• 2000-12-01 Sold (Public Records) $123,500 Public Records
• 2000-11-30 Sold (MLS) $123,500 Smart MLS
• 2000-05-22 Listed $129,900 Smart MLS
• 1991-09-30 Sold (Public Records) $111,333 Public Records

Property tax history

+4.4%/yr

Latest (2025): $8,593 · +2.4% YoY. Source: county tax records.