25-27 Imlay Street

Asylum Hill: Hartford’s Economic Engine 25–27 Imlay Street is located in Asylum Hill, a centrally located neighborhood that serves as a critical employment hub for the city. Historically known as the home of the insurance industry, this submarket provides robust rental demand driven by a massive local workforce. Imlay Street itself is widely regarded as one of the quietest and most architecturally consistent residential blocks in the district, offering a stable residential setting just minutes from the city center. Major Employment Drivers The property is surrounded by some of the region’s largest employers, including The Hartford, Aetna (CVS Health), and Saint Francis Hospital. Additionally, the property benefits from immediate access to the State Capitol complex and numerous professional service firms. This density ensures a consistent pool of workforce tenants seeking short commutes. Transit & Connectivity The location offers unparalleled access to transportation, sitting just blocks from Union Station (Hartford Line/Amtrak) and the I-84/I-91 on-ramps. It is less than a mile from downtown Hartford, making it walkable or a very short drive to the Central Business District, positioning 25–27 Imlay Street for long-term occupancy and operational stability.Northeast Private Client Group is pleased to present the exclusive listing of 25–27 Imlay Street, a 30-unit multifamily asset located on one of the premier residential blocks in Hartford’s Asylum Hill neighborhood. This offering provides investors with immediate scale and operational efficiency in a robust workforce housing market. The asset features a diverse unit mix of studios, one-bedrooms, and two-bedrooms, catering to deep demand from the local workforce, including employees at nearby major insurance and healthcare hubs. With 30 units under one roof and valuable on-site parking, the property offers inherent management and maintenance economies of scale. Current ownership has invested materially in the asset, completing unit renovations and significant capital improvements during their hold period. Given its attractive basis, 1960s vintage, and meaningful in-place rent gap, 25–27 Imlay Street presents a compelling value-add opportunity. An incoming operator can build upon recently stabilized operations to capture approximately 35% revenue upside, optimizing rents to market levels while benefiting from limited immediate capital requirements.