Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    50 North St Manchester, CT 06042

    For Sale
    $575,000

    Five-unit multifamily property in Manchester, Connecticut, with value-add potential.

    Lot size:
    0.23 Acres

    Property Features for 50 North St

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1900

    Source: Coldwell Banker Realty Agent Preston B. Roth

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Occupied Multifamily Investment Opportunity

    This is an investment opportunity to acquire a fully occupied five-family property located in Manchester, Connecticut. The property has undergone several updates in recent years, including a garage roof replacement two years ago, furnace replacements for the first-floor apartments within the past three to four years, and updated electrical panels. The property is currently configured and rented as all single-bedroom units. There is potential to renovate the units into two-bedroom configurations, which could increase the yearly rent roll. The property has a solid, established rent roll with a value-add opportunity.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.527712
    Latitude
    41.7973129

    Nearby Similar for Sale

    • $299,999
      Pending

      Two-Family Home in Manchester, CT

      Well-maintained two-family home with income potential in a desirable location.
      72 Pine St, Manchester, CT 06040
      View Details
    • New
      $359,900
      2,672 SF

      Adaptable Two-Family Conversion in Manchester

      Two-family property with flexible layout and potential.
      17 North St, Manchester, CT 06042
      View Details
    • $97,900
      1,509 SF

      Versatile Commercial Condo on Route 83

      Adaptable 1,509 sq ft condo ideal for various professional uses.
      153 Main St, Manchester, CT 06042
      View Details
    • $2,632,000
      77,569 SF

      Multi-Building Warehouse/Manufacturing Complex on 6.8 Acres

      Expansive warehouse/manufacturing complex ideal for various commercial/industrial operations.
      46 Apel Pl, Manchester, CT 06042
      View Details
    • $325,000
      2,580 SF

      Mixed-Use Property on Busy Road

      Mixed-use property with office, apartment, and garage on 0.27-acre lot.
      600 Center St, Manchester, CT 06040
      View Details
    • $325,000
      2,580 SF

      Mixed-Use Property with Office and Apartment

      Mixed-use property featuring office, apartment, and garage space.
      600 Center St, Manchester, CT 06040
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property in Manchester, Connecticut, with value-add potential.
    Where is this apartment building located?
    The property is located at 50 North St Manchester, CT.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Fully occupied 5-family property in a desirable area of Manchester; - Opportunity to increase rent roll by converting units to 2-bedroom apartments; - Below market rents provide immediate value-add potential
    (860) 662-0735
    Request Owner's contact information
    50 North St Manchester, CT 06042
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    50 North St
    Manchester, CT 06042
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50 North St Manchester, CT 06042
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.