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    1077 Main St Manchester, CT 06040

    For Sale
    $1,450,000

    Mixed-use property with 11 apartments and one storefront.

    Lot size:
    0.07 Acres

    Property Features for 1077 Main St

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1900

    Source: Sovereign Properties Agent Lani Liu-Helisch

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

    Overview

    Renovated Mixed-Use Building, Manchester

    This mixed-use building features 11 apartment units, including 3 studio apartments and 8 one-bedroom apartments, along with one storefront unit. Major renovations have been completed within the last 12 years, including updates to the roof, all windows, the heating system, and the fire alarm system. Ten of the eleven apartment units have been updated, including plumbing and electrical systems. The property is located in downtown Manchester, near the new Manchester library. Most residential tenants are in yearly renewal leases. The commercial tenant's lease ends in 2028, with an option to extend; this tenant pays their own water and sewer. The landlord is responsible for heat, cold and hot water, sewer, real estate taxes, trash removal, and insurance. Current rents are below market value, and the property has very stable tenants.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    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
    -72.5203168
    Latitude
    41.7671999

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with 11 apartments and one storefront.
    Where is this mixed-use property located?
    The property is located at 1077 Main St Manchester, CT.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Recent major renovations including roof, windows, heating, and fire alarm, plus 10 of 11 apartment units with updated plumbing and electrical.; - Mixed-use building featuring 11 apartments (3 studios, 8 one-bedroom) and a storefront unit.; - Stable tenants, with most residential tenants on yearly renewal leases.
    (203) 722-2451
    Request Owner's contact information
    1077 Main St Manchester, CT 06040
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    Manchester, CT 06040
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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
    1077 Main St Manchester, CT 06040
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