Listing Summary
We are pleased to present 11 Charter Oak Place, an expertly priced adaptive reuse opportunity nestled in one of Hartford's most historic and sought-after neighborhoods.
Full Description
We are pleased to present 11 Charter Oak Place, an expertly priced adaptive reuse opportunity nestled in one of Hartford's most historic and sought-after neighborhoods. This former convent is strategically positioned adjacent to a stunning row of brownstones, which have recently commanded prices between $225,000 and $315,000, clearly indicating the desirability of this locale.
This compelling investment comes with city-reviewed plans for conversion into 16 diverse residential units: one 2-bedroom (860 SF), eight 1-bedroom (582 SF), and seven studio units (438 SF). The local rental market robustly supports strong pricing; for instance, units at nearby 37 Charter Oak Place, ranging from 500-700 SF with average finishes, are currently leasing for $1,250 per month. New 1-bedroom units in the area are achieving $1,650, while studios (330-466 SF) rent for $1,300-$1,380, and 2-bedroom units typically secure around $1,800 per month.
Situated within the distinguished Charter Oak Place Historic District, this property offers a unique fusion of historic charm and modern convenience. Its prime location provides a short walk to Downtown Hartford, major employers, and a wealth of cultural attractions, making it an ideal choice for young professionals and renters desiring character-rich residences. This investment is poised to benefit significantly from rising property values, sustained strong rental demand, and exceptional walkability. With city-reviewed plans already in place and a proven, high-demand rental market, this represents a rare chance to capitalize on a well-positioned development in a thriving urban environment.
Quick Glance
- Listing ID:
RL-Connecticut-25296
- Status:
Active
- Year Build:
1913
- Building Size:
84,071 SqFt
- Lot Size:
N/A