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Published on: Friday, December 12, 2025
Updated on: Friday, December 12, 2025
About the Lister
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Name: Lisa Cozzi
Company: Lisa Cozzi Team Century 21 All Points Realty
Office Phone: 860-508-2102
Cell Phone: 860-508-2102
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Financing  Business  Material

  Residential Development Opportunity

273 Asylum Street Hartford Connecticut , 06103
273 Asylum Street Hartford Connecticut , 06103  Lisa Cozzi Team Century 21 All Points Realty
Listing ID: CL-Connecticut-27132 Low/Mid Income /Multifamily

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Quick Glance
Listing ID: CL-Connecticut-27132
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1920
Building Size: 35,277.00 SqFt
Lot Size: 0.30 Acre
No of Stories: 5
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Seize the opportunity to reimagine a former high school site into a dynamic residential community in the heart of downtown Hartford
Complete Details
Year Build: 1920
Building Size: 35,277 SqFt.
No of Stories: 5
Total Lot Area: 0.3 Acre
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Heating and Cooling
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
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!

 

Additional Properties
Property Highlights
  • Approved Development Plans: The site is shovel-ready with already approved plans for a 50-unit residential development, significantly streamlining the timeline to execution.
  • High-Demand Unit Mix: The plan focuses on modern urban living units, including studios, studio-plus, and one-bedrooms (33 out of 50 units are studios or studio-plus layouts), aligning with current market rental preferences.
  • Strong Income Projections: Excellent financial upside with projected market rents of $1,400+ for studios and $1,700+ for one-bedrooms.
  • Unmatched Downtown Core Location: Strategically located just steps from PeoplesBank Arena, two blocks from Bushnell Park, and adjacent to the City Place business center, ensuring high resident desirability.
  • Seamless Connectivity & Amenities: Offers easy access to major highways (I-91/I-84/Route 2) and includes the potential for a nearby dedicated parking area, adding crucial value for urban residents.
Property Utilities
  • Gas
  • Sewer: Public Sewer Connected
Features
  • County: Capitol Planning Region
  • Taxes: $173,007(2025)
  • Roof: Tar/Gravel
Listing Location
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Status: Accepting Offers
Created On: 12/12/2025
Modified On: 12/12/2025
46 Apel Place , Manchester Connecticut 06042
Title: Beautifully Restored 21-unit Multifamily Asset in New Haven
Address: 1435 State Street , New Haven Connecticut 06511
Listing ID: CL-Connecticut-27130
Listing Type: Commercial
Category: Multifamily - Low/Mid Income
Status: Accepting Offers
Created On: 12/12/2025
Modified On: 12/12/2025
1435 State Street , New Haven Connecticut 06511
Title: 32 Huntington Street Hartford
Address: 32 Huntington Street , Hartford Connecticut 06154
Listing ID: CL-Connecticut-27129
Listing Type: Commercial
Category: Multifamily - Co-op
Status: Accepting Offers
Created On: 12/12/2025
Modified On: 12/12/2025
32 Huntington Street , Hartford Connecticut 06154
Title: Downtown Hartford Gem: 8+% Cap Rate Multi-Family Investment
Address: 479 Broad Street, Hartford, CT 06106 , Hartford Connecticut 06106
Listing ID: RL-Connecticut-25654
Listing Type: Residential
Category: Residential Type - Multifamily
Status: Accepting Offers
Created On: 6/17/2025
Modified On: 6/17/2025
479 Broad Street, Hartford, CT 06106 , Hartford Connecticut 06106
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