98 Russ Street, Hartford, CT 06106 (MLS # 24210257)

Price $399,900
Status Active
Beds 12
Baths 3 Baths
Home size 4,671 sqft
Lot Size 6,099 sqft
Days on Market 9
ATTENTION INVESTORS! Rare brick 3-family offering exceptionally large four-bedroom layouts, strong in-place income and significant rental upside. Each apartment is configured with 4 bedrooms, each with a window, closet and door, while still offering a separate living room and kitchen. Property has a history of housing-assisted tenancies utilizing the four-bedroom configuration. Fully occupied and currently generating $4,375/month ($52,500 annually). Units 2 and 3 were renovated in 2024. Seller's market-rent analysis supports approximately $1,850-$2,000/month per unit, or $5,550-$6,000/month total. Each apartment has separate gas and electric meters, plus a separate owner electric meter. Additional features include brick construction, approximately 4,671 SF of living area, rear parking and a detached 3-bay garage. Convenient Frog Hollow location near Hartford Hospital. Excellent opportunity for current cash flow and future NOI growth. Sold as-is. One of the parties to the LLC has an active real estate license. Each of the three apartments features an unusually large four-bedroom layout, with each bedroom having a window, closet and door, while still providing a separate living room and kitchen. The property has a history of housing-assisted tenancies utilizing the four-bedroom configuration. The first-floor rent is currently $1,500/month. Current rents total $4,375/month: Unit 1 at $1,500, Unit 2 at $1,500 and Unit 3 at $1,375. Units 2 and 3 were renovated in 2024. Seller's market-rent analysis supports approximately $1,850-$2,000/month per unit, representing potential total rents of approximately $5,550-$6,000/month ($66,600-$72,000 annually). Each apartment has its own separate gas and electric meter, with an additional separate owner electric meter for common areas. Owner currently pays water and common-area electric. Additional features include brick construction, approximately 4,671 SF of living area, rear parking and a detached 3-bay garage.
Property Type(s): Multi Family
Last Updated 9/27/2026 Year Built 1890
Garage Spaces 3.0 County Hartford

SCHOOLS

Elementary School Per Board of Ed
High School Per Board of Ed

Additional Details

AIR Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Electric Water Heater
BASEMENT Full, Yes
CONSTRUCTION Brick, Concrete
EXTERIOR Balcony
GARAGE Yes
HEAT Hot Water, Natural Gas
LOT 6098 sq ft
LOT DESCRIPTION Level
PARKING On Street
SEWER Public Sewer
STYLE 3updown - Unit(s) per Floor
TAXES 7336
WATER Public
ZONING NX-3

Location

 

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