commercial
13,579 SF
89-93 Barbour Street
Hartford, Connecticut 06120
Price
$1,500,000
Price/SF
$110.46/SF
Building Size
13,579 SF
Lot Size
0.15 acres
Year Built
1930
NOI
$135,869
Units
12
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
24177580
Property ID
e3bfd1f4-d50b-4d74-a68d-14110636b84f
MLS Information
MLS#: 24177580
Listed by: Oxford Realty
Agent: Amanda Faroni-Sheehan • (203) 314-4219 • amanda@oxfordrealtyco.com
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