Quadplex with Adjacent
For Lease
$749,900
114 Charter Oak St, Manchester, CT 06040
Four-family residential building plus an adjacent restaurant/pub and upstairs apartment, offered as one parcel with rear parking.
Space SizeContact for details
Days on Market58
Property Features for 114 Charter Oak St
General Information
Standard status
Active
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$10,186
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX Right Choice
(860) 604-5348
Listed By:
Kurt M. Potter · License #789678
(860) 604-5348
Source:
Exprealty
Added: Jun 13
Changed: Aug 8
Last Checked: Aug 8 at 7:42AM
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.
This offering includes a four-family (quadplex) residential building paired with an adjacent restaurant/pub building, along with another upstairs apartment unit. The buildings are situated on one parcel and cannot be separated, creating a combined residential and commercial operating footprint. The property is described as being in good working condition, while also being older and likely to require ongoing maintenance and upkeep. Utilities are mostly separated, including electrical, natural gas, public water, and sewer, which can simplify management for an owner/operator.
The buildings are located at 114 Charter Oak St in Manchester, CT. The property includes plenty of parking in the rear of the buildings, with some spaces dedicated strictly for tenants. The site abuts Charter Oak Park, which is described as recently reconstructed, and the new “Oaks.” Main Street destinations are described as within walking distance.
For tenants, buyers, or operators, this configuration can support a blended use strategy with both residential and food-and-beverage space under one ownership. It may be best suited to an experienced owner accustomed to managing multi-unit residential operations and a separately operated restaurant/pub component, particularly given the property’s age and the likelihood of routine capital and maintenance needs.
The buildings are located at 114 Charter Oak St in Manchester, CT. The property includes plenty of parking in the rear of the buildings, with some spaces dedicated strictly for tenants. The site abuts Charter Oak Park, which is described as recently reconstructed, and the new “Oaks.” Main Street destinations are described as within walking distance.
For tenants, buyers, or operators, this configuration can support a blended use strategy with both residential and food-and-beverage space under one ownership. It may be best suited to an experienced owner accustomed to managing multi-unit residential operations and a separately operated restaurant/pub component, particularly given the property’s age and the likelihood of routine capital and maintenance needs.
Key Highlights
- Four‑family residential building plus an adjacent restaurant/pub with an upstairs apartment, offered as one parcel.
- On‑site rear parking for all building uses, including some parking dedicated strictly for tenants.
- Mostly separated utilities including electrical, natural gas, public water, and sewer.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-family residential building plus an adjacent restaurant/pub and upstairs apartment, offered as one parcel with rear parking.
Where is this quadplex located?
The property is located at 114 Charter Oak St Manchester, CT.
What is the lease rate?
The lease rate is $749,900.
What are key features of this property?
This property features: Four‑family residential building plus an adjacent restaurant/pub with an upstairs apartment, offered as one parcel.; On‑site rear parking for all building uses, including some parking dedicated strictly for tenants.; Mostly separated utilities including electrical, natural gas, public water, and sewer.
