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Mixed-Use Multi-Family and Pub
For Sale
$749,900
Pending

114 Charter Oak Street, Manchester, CT 06040

Four-family income property with an attached restaurant/pub and ample rear parking for tenants and patrons.

Property SizeContact for details
Days on Market57

Property Features for 114 Charter Oak Street

General Information

Standard status Pending
Property subtype Commercial

Additional Details

Business Included Yes
Utilities to Site Yes
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $10,186

Amenities

Asphalt Shingle Roof

Building Details

Year Built 1900
Listing Agency: RE/MAX Right Choice
Listed By: KURT POTTER · License #789678
Source: Corcoran
Added: Jun 14 Changed: Aug 8 Last Checked: Jun 20 at 3:56AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Right Choice

Investment Insights

Based on property information with market context.

The property includes a four-family building on one parcel along with an adjacent building containing a restaurant/pub, plus an upstairs apartment unit. The buildings are sold together and cannot be separated. On-site parking is available in the rear of the buildings, with some spaces reportedly dedicated strictly for tenants. The property is described as being in good working condition, with the understanding that, as older buildings, it will require ongoing maintenance and upkeep. Utilities are mostly separated, including electrical, natural gas, public water, and sewer, supporting independent operation across the residential and commercial components.

The buildings are located on Charter Oak Street in Manchester, CT. The public remarks note that the property abuts Charter Oak Park, which has been recently reconstructed, and a newly constructed “Oaks” area. The location is described as within walking distance to Main Street and its establishments.

This offering may appeal to an owner-operator or investor seeking a combined residential and neighborhood retail/bar presence in a single parcel arrangement. Because the residential buildings and the restaurant/pub are required to be purchased together, buyers should be prepared for management across both uses. The mostly separated utilities can be beneficial for handling operations across the different spaces, while the on-site rear parking supports use by tenants and customers.

Key Highlights

  • Four‑family building built in 1900 on a single parcel with an attached restaurant/pub and an upstairs apartment unit
  • Buildings cannot be separated—purchase requires a commercial loan product or a cash/cash‑like arrangement
  • Ample rear parking for building usages, including some parking dedicated strictly for tenants

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Auto Parts Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Locksmith Skin Care Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Turnkey business
Opportunity
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

636
Businesses Nearby

Demographics for 06040, CT

35,676
Population
15,550
Households
2.3
Avg Household Size
39
Median Age
36%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
2,111
Density / Sq Mi
$84,741
Median Household Income
$48,208
Median Earnings
$1,361
Median Rent
$238,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Four-family income property with an attached restaurant/pub and ample rear parking for tenants and patrons.
Where is this apartment building located?
The property is located at 114 Charter Oak Street Manchester, CT.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Four‑family building built in 1900 on a single parcel with an attached restaurant/pub and an upstairs apartment unit; Buildings cannot be separated—purchase requires a commercial loan product or a cash/cash‑like arrangement; Ample rear parking for building usages, including some parking dedicated strictly for tenants
More about this property
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