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Live-Work Income Property
For Sale
$249,000
Pending

12 Oak Street, New Britain, CT 06051

Residential space with a finished lower level that supports flexible use and additional rental or workspace setup.

Property Size2,090 SF
Days on Market97

Property Features for 12 Oak Street

General Information

Standard status Pending
Size 2,090 SF
Property subtype 2 Family

Building Details

Year Built 1897
Listing Agency: William Pitt Sotheby's Int'l
Listed By: Jacob Wint · License #RES.0830362
Source: Lockandkeyre
Added: May 31 Changed: Aug 23 Last Checked: Jul 29 at 12:37PM

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 William Pitt Sotheby's Int'l

Investment Insights

Based on property information with market context.

This property offers a versatile residential layout designed for both living and flexible commercial use. The primary unit features four bedrooms and two full bathrooms, with a highly functional living footprint. A fully finished lower level adds two additional rooms along with a second full kitchen and a third full bathroom, giving occupants options for bedrooms, private office space, or inventory storage.

Located at 12 Oak Street in New Britain, CT, the home includes outdoor space with a large, private backyard. The property is being sold strictly as-is.

For buyers and owner-occupants, the finished lower level provides a practical foundation for multi-stream income or a home-based operation, including the ability to adapt the space for uses such as a storefront, private office, or dual rental setup. For investors, the configuration supports separating living and workspace functionality within the same property. Prospective tenants and operators should review the layout and condition during their showing, and plan for any updates needed to suit their intended use.

Key Highlights

  • 12 Oak Street built in 1897 with 12 total rooms and a finished lower level
  • Main residential layout offers 4 bedrooms and 2 full bathrooms
  • Each primary unit footprint provides 786 SF of living space

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency (Bike/Boat/Book/etc) Store Garden Center Catering Service Carpet & Flooring Store

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

Location Intelligence

Trade Area within ½ mile

1,211
Businesses Nearby

Demographics for 06051, CT

31,134
Population
13,798
Households
2.3
Avg Household Size
34
Median Age
10%
College-Educated
75%
High-School Grad
4.1 sq mi
ZIP Area
7,594
Density / Sq Mi
$48,682
Median Household Income
$32,768
Median Earnings
$1,100
Median Rent
$198,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Residential space with a finished lower level that supports flexible use and additional rental or workspace setup.
Where is this duplex located?
The property is located at 12 Oak Street New Britain, CT.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 12 Oak Street built in 1897 with 12 total rooms and a finished lower level; Main residential layout offers 4 bedrooms and 2 full bathrooms; Each primary unit footprint provides 786 SF of living space
More about this property
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