Multi-Family For Sale · 5 Family+
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5-7 Upson St is a 10-unit multifamily offering an attractive opportunity to acquire scale at a strong basis in Bristol, CT. With a current NOI of $98,059 and an actual cap rate of 7.8%, the property offers upside potential to a 9.3% cap on a proforma basis. Strategically located just 20 miles southwest of Hartford and within two hours of New York City and Boston, Bristol combines affordability with access to regional employment hubs, attracting a steady renter base. The city's economy is anchored by ESPN and supported by healthcare, advanced manufacturing, and financial services, while ongoing Downtown Bristol and Centre Square redevelopment initiatives enhance the live-work-play environment. High occupancy, limited housing supply, and rising rents create a favorable environment for multifamily investors seeking both immediate income and long-term appreciation. A strong debt service coverage (1.67 proforma) and projected ROI up to 14.9%, this turnkey 10-unit asset represents a rare investment opportunity in a high-demand Central Connecticut rental market.
Listed by Sandy Strickling (860) 638-9748 with Sky Realty Group (860) 638-9748
Estimate only. Contact a lender for accurate figures.
Sandy Strickling · (860) 638-9748
Sky Realty Group · (860) 638-9748
MLS# 24162205 · Data provided by SmartMLS. Information deemed reliable but not guaranteed. Listing updated Mar 25, 2026 9:33 PM UTC
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7 Upson Street, Bristol CT, 06010
$1,264,000 • Active
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