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Three-Story Multifamily Building
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146 GROVE ST, New Britain, CT 06053

Three-story income property with six apartments and off-street parking, suited for long-term rental housing.

Property Size7,910 SF
Lot Size0.14 Acres
Price / SF$79.65
Days on Market56

Property Features for 146 GROVE ST

General Information

Standard status Active
Size 7,910 SF
Total Parking Spaces 4
Lot size 0.14 Acres
Property subtype Multifamily
Investment Type Value Add
Net Operating Income $5,494

Additional Details

Highway Access Yes
Multifamily Units 6

Building Details

Year Built 1910
Buildings 1
Stories 3
Units 6
Tenancy Multi
Listing Agency: Horvath & Tremblay
Listed By: Dennis Kelleher · License #MA 9504385
Source: Crexi
Added: Jun 18 Changed: Aug 8 Last Checked: Aug 11 at 3:25PM

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 Horvath & Tremblay

Investment Insights

Based on property information with market context.

This three-story multifamily building offers six total residential units, including five 2-bedroom/1-bath apartments and one 1-bedroom/1-bath unit. The property contains 5,472 square feet of gross living area within a total 7,910 square feet of gross area, set on a 0.14-acre parcel. Parking is available with four off-street spaces, including over three surface spaces plus one garage space.

The building is located at 146 Grove Street in New Britain, Connecticut. The offering notes convenient access to the city’s downtown core, major employment centers, and established residential neighborhoods. Regional connectivity is supported by nearby Route 9, Route 72, and Interstate 84, providing access to Hartford, Waterbury, and other Central Connecticut employment and commercial hubs.

For buyers seeking a manageable multifamily asset with a mix of unit sizes, the configuration provides mostly 2-bedroom units alongside a single 1-bedroom home. Off-street parking can be an important day-to-day amenity for tenants, and the overall apartment count supports steady residential occupancy potential for an owner-operator or investor evaluating a small income property in New Britain.

Key Highlights

  • Three‑story multi‑family built in 1910 with 6 total units: five 2 bed/1 bath and one 1 bed/1 bath.
  • 5,472 sq ft gross living area within a 7,910 sq ft gross area building.
  • 0.14‑acre parcel with four off‑street parking spaces: 3+ surface spaces plus 1 garage space.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Garden Center Gym & Fitness Center Storage Facility Parking Lot & Garage

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

Lease Details

6
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,571
Businesses Nearby

Demographics for 06053, CT

35,024
Population
14,995
Households
2.3
Avg Household Size
35
Median Age
22%
College-Educated
85%
High-School Grad
7.9 sq mi
ZIP Area
4,433
Density / Sq Mi
$61,498
Median Household Income
$36,132
Median Earnings
$1,288
Median Rent
$201,800
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?
Apartment building - Three-story income property with six apartments and off-street parking, suited for long-term rental housing.
Where is this apartment building located?
The property is located at 146 GROVE ST New Britain, CT.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Three‑story multi‑family built in 1910 with 6 total units: five 2 bed/1 bath and one 1 bed/1 bath.; 5,472 sq ft gross living area within a 7,910 sq ft gross area building.; 0.14‑acre parcel with four off‑street parking spaces: 3+ surface spaces plus 1 garage space.
(781) 776-4002 Call to check price and availability
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