5,541 SF 5 Family+

multifamily

5,541 SF 5 Family+

38-40 Brown Street
Hartford, Connecticut 06114

Price

$1,550,000

Price/SF

$279.73/SF

Building Size

5,541 SF

Lot Size

0.28 acres

Year Built

1920

Units

12

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.

Additional Details

Zoning

NX-2

MLS Number

24179656

Property ID

a2e63ee0-1d58-4a87-b7d6-10a3699ceeb4

MLS Information

MLS#: 24179656

Listed by: VC Property Group, LLC

Agent: Connor Wenchell • (860) 343-7800 • leads@vcpropertygrp.com

This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.

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