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$ 1,550,000
Est. payment /mo
New
38-40 Brown Street Hartford, CT 06114
30 Beds
12 Baths
12,669 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 12,669 sqft
Price per Sqft $122
MLS Listing ID 24179656
Style Units on different Floors,Units are Side-by-Side
Bedrooms 30
Full Baths 12
Year Built 1920
Annual Tax Amount $37,233
Lot Size 0.280 Acres
Property Sub-Type 5 Family+
Property Description
Rare opportunity to acquire a 12-unit multifamily portfolio consisting of two 6-family properties located at 196 Park Street and 38 Brown Street in Hartford, Connecticut. Offering immediate scale, strong in-place cash flow, and operational efficiencies, this package is ideal for investors seeking a larger multifamily asset in one of Connecticut's strongest rental markets. The portfolio features a desirable mix of six 3-bedroom units and six 2-bedroom units, appealing to a broad tenant base and supporting long-term occupancy. Both properties benefit from tenant-paid utilities, off-street parking, public water and sewer, and gas heat, helping to minimize operating expenses and maximize investor returns. Currently operating at strong occupancy levels, the portfolio offers additional upside through continued rent growth and stabilization to market rents. The combination of larger family-sized units and Hartford's ongoing demand for affordable workforce housing creates a compelling long-term investment profile. Conveniently located near downtown Hartford, major employers, hospitals, universities, public transportation, and interstate highways, the properties benefit from excellent accessibility and a deep tenant pool.
Location
State CT
County Hartford
Zoning NX-2
Rooms
Basement Full
Interior
Heating Hot Water
Cooling None
Exterior
Parking Features Paved, Off Street Parking
Waterfront Description Not Applicable
Roof Type Flat
Building
Lot Description Level Lot
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Connor Wenchell • VC Property Group, LLC