5,643 SF 5 Family+

multifamily

5,643 SF 5 Family+

38-40 Redding Street
Hartford, Connecticut 06114

Price

$1,500,000

Price/SF

$265.82/SF

Building Size

5,643 SF

Lot Size

0.12 acres

Year Built

1926

NOI

$135,869

Units

13

Property Description

Exceptional opportunity to acquire a 13-unit mixed-use portfolio with 9% CAP rate, consisting of two solid brick assets totaling 13 units (12 residential + 1 commercial) across two buildings. Combined square footage of approximately 13,579 SF with a strong unit mix and in-place cash flow, plus additional upside potential. 38 Redding Street is a 6-unit multifamily located in the South End, offering six 2.5-bedroom, 1-bath units with 5,643 SF. Units feature hardwood floors throughout with some kitchen and bath updates. Utilities are separately metered and tenant-paid. No on-site laundry; on-street parking. 89 Barbour Street is a mixed-use property comprised of six 3-bedroom, 1-bath apartments and one adjacent commercial space, totaling 7,936 SF. The property is 100% occupied, delivering stable, in-place income. Residential units offer hardwood flooring, some kitchen and bath updates, and laundry hookups within each unit. Separate, tenant-paid utilities. On-street parking. Together, the portfolio offers a balanced mix of stabilized income and upside through lease optimization and continued improvements. Ideal for investors seeking scale, strong unit layouts, and diversified income in established rental locations.

Additional Details

Zoning

NX-1

MLS Number

24177578

Property ID

beeafa02-eb4c-4a36-9c69-e6dcb6950883

MLS Information

MLS#: 24177578

Listed by: Oxford Realty

Agent: Amanda Faroni-Sheehan • (203) 314-4219 • amanda@oxfordrealtyco.com

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

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