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Mixed-Use Property with Restaurant
For Sale
$749,000
Pending

114 Charter Oak Street, Manchester, CT 06040

Multi-Family For Sale, Manchester, CT

Property Size8,000 SF
Lot Size0.37 Acres
Days on Market97

Property Features for 114 Charter Oak Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RB
Bedrooms 2
Rooms Bedroom 1, Bedroom 2, Basement
Basement Full
Lot features Level Lot
Elementary school Nathan Hale
High school Manchester
Directions GPS
Standard status Pending
Size 8,000 SF
Lot size 0.37 Acres

Taxes and HOA fees

Tax Year 2027
Tax Annual Amount 12132

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1900
Listing Agency: RE/MAX Right Choice · RE/MAX International
Listed By: Kurt Potter · License #789678
Added: Jun 13 Changed: Sep 15 Last Checked: Sep 17 at 9:06PM
MLS# 24182608

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property combines an 8,000-square-foot four-family building with a separate restaurant/pub building that includes an additional apartment above. The buildings occupy one 0.37-acre parcel and cannot be separated. Rear parking serves the residential and commercial components, with some spaces designated for tenants. Constructed in 1900, the buildings are in good working condition and require ongoing upkeep appropriate to their age. Most utilities are separately metered or arranged by building, including electrical and natural gas service, with public water and public sewer serving the property.

The property abuts Charter Oak Park and The Oaks and is within walking distance of Main Street's establishments and entertainment. Zoning is RB. The combination of multifamily housing, restaurant/pub space, and an additional apartment creates a single mixed-use holding with distinct residential and commercial components.

Key Highlights

  • 8,000‑square‑foot mixed‑use property on 0.37 acres
  • Four‑family building plus a restaurant/pub building with an upstairs apartment
  • Rear parking includes spaces reserved for residential tenants

Property Analytics

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Current Use

Quadplexes

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
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Mixed-use property - Combined residential and restaurant/pub buildings with rear parking, separate tenant spaces, and public utilities.
Where is this mixed-use property located?
The property is located at 114 Charter Oak Street Manchester, CT.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 8,000‑square‑foot mixed‑use property on 0.37 acres; Four‑family building plus a restaurant/pub building with an upstairs apartment; Rear parking includes spaces reserved for residential tenants
More about this property
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