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
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