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    383 S Main St New Britain, CT 06051

    For Sale
    $499,609

    Fully leased, updated 3-family property with long-term tenants.

    Lot size:
    0.20 Acres

    Property Features for 383 S Main St

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1920

    Source: Innovative Properties Agent John M. Baran

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

    Overview

    Updated Three-Family Property For Sale

    This is a fully leased, recently updated three-family property. Each floor features a spacious three-bedroom, one-bath unit. The building generates $5,050 per month in rental income. Each unit has separate utilities. Ample off-street parking and well-maintained common areas are available for tenants. The property is conveniently located close to shops, schools, and public transportation.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market 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
    -72.7761523
    Latitude
    41.6542709

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    FAQs

    What type of property is this?
    Triplex - Fully leased, updated 3-family property with long-term tenants.
    Where is this triplex located?
    The property is located at 383 S Main St New Britain, CT.
    What is the asking price?
    The asking price for this property is $499,609.
    What are key features of this property?
    This property features: - Fully leased 3-family property generating $5,050/month in rental income.; - Turn-key investment opportunity with long-term tenants.; - Recently updated units, each featuring three bedrooms and one bath.
    (860) 997-2974
    Request Owner's contact information
    383 S Main 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
    383 S Main St New Britain, CT 06051
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