multifamily
7,128 SF 5 Family+
196 Park Street
Hartford, Connecticut 06106
Price
$1,550,000
Price/SF
$217.45/SF
Building Size
7,128 SF
Lot Size
0.28 acres
Year Built
1890
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
MS-2
MLS Number
24179092
Property ID
dc5fe64c-49bc-46ff-9387-a3a8a4ce3762
MLS Information
MLS#: 24179092
Listed by: VC Property Group, LLC
Agent: Connor Wenchell • (860) 343-7800 • leads@vcpropertygrp.com
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