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    70 Monroe St New Britain, CT 06051

    For Sale
    $499,900

    Three-unit property in New Britain with detached garage and parking.

    Lot size:
    0.17 Acres

    Property Features for 70 Monroe St

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1925

    Source: eXp Realty Agent Michael H. Truong

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

    Overview

    New Britain Triplex Investment Opportunity

    Located in a desirable New Britain neighborhood, this three-family property at 70-72 Monroe St presents an investment opportunity with 4,100 square feet of living space. Each of the three units offers approximately 1,366 square feet, featuring 3 bedrooms and 1 bath. The building has vinyl siding and a roof in good condition. The property includes a 3-car detached garage with a new roof, siding, and doors installed in 2024, along with a paved parking lot accommodating 3 or more vehicles. Each unit has separate gas boilers, water heaters, and electric panels, plus an owner's panel. The property is located minutes from Costco, shopping, and Stanley Quarter Park, with quick access to Route 9 and Route 72. This property offers potential for both owner-occupied buyers and investors, with excellent cash flow potential in a strong rental market. Minor cosmetic work may boost value. The property is to be sold as-is.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office 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
    New Britain
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7839758
    Latitude
    41.6562951

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    FAQs

    What type of property is this?
    Triplex - Three-unit property in New Britain with detached garage and parking.
    Where is this triplex located?
    The property is located at 70 Monroe St New Britain, CT.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Excellent cash flow potential and upside in a strong rental market.; - Three separate units, each with 3 bedrooms and 1 bath, totaling 4,100 SF of living space.; - Separate gas boilers, water heaters, and electric panels for each unit (plus owner's panel).
    (860) 818-2150
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    70 Monroe St New Britain, CT 06051
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    New Britain, CT 06051
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    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
    70 Monroe St New Britain, CT 06051
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