Residential Development Opportunity

273 Asylum Street, Hartford Connecticut, 06103

Listing ID: CL-Connecticut-27132 Commercial Low/Mid Income Multifamily
Published on: Friday, December 12, 2025 | Updated on: Friday, December 12, 2025

Listing Summary

Seize the opportunity to reimagine a former high school site into a dynamic residential community in the heart of downtown Hartford

Full Description

Approved 50-Unit Residential Development Site: Downtown Hartford Core

Secure a generational opportunity to revitalize a historic former high school site into a 50-unit multifamily residence. This project is shovel-ready with approved plans perfectly tailored to current urban rental demand. The planned unit mix includes 22 studios, 11 studio-plus layouts, and 17 one-bedrooms.

The financial upside is robust, with projected market rents targeting $1,400+ for studios and $1,700+ for one-bedrooms. Valuable, necessary amenities may include a nearby dedicated parking area for future residents.

The site's location is truly unmatched:

  • Entertainment: Steps from the PeoplesBank Arena.

  • Recreation/Green Space: Two blocks from Bushnell Park.

  • Business Hub: Adjacent to City Place.

  • Culture & Dining: Within easy walking distance to premier Hartford attractions, including TheaterWorks, Max Downtown, Agave, and Black Eyed Sally's.

With seamless connectivity to major highways (I-91, I-84, and Route 2), this represents one of Hartford’s most compelling, high-growth redevelopment projects. Bring your vision to capitalize on this prime urban core location!


 

Quick Glance
  • Listing ID: CL-Connecticut-27132
  • Status: Active
  • Year Build: 1920
  • Building Size: 35,277 SqFt
  • Lot Size: 0.30 Acre

Complete Details

  • Year Build: 1920
  • Building Size: 35,277 SqFt
  • No of Stories: 5
  • Total Lot Area: 0.30 Acre
  • No of Parking: 0
  • No of Total Units: 0
  • Heating and Cooling: 4
  • Occupancy: 0

Lending Opportunities

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Pricing Details

  • Acquisition Option Traditional Purchase
  • Cap Rate (%) 0%
  • Commission 0%
  • Monthly Income $0.00
  • Business Included No

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