Turnkey Mixed-Use Investment
For Sale
$579,000
198 Oak St, New Britain, CT 06051
Four units: residential apartments and business space in desirable area.
Property Size3,528 SF
Lot Size0.12 Acres
Days on Market138
Property Features for 198 Oak St
General Information
Standard status
Active
Size
3,528 SF
Lot size
0.12 Acres
Property subtype
Multi Family
Building Details
Building Size
3,528 SF
Year Built
1870
Listing Agency:
(860) 805-8314
Listed By:
Himanshu Singh
(860) 805-8314
Source:
Elliman
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 8 at 6:25AM
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 Himanshu Singh
Investment Insights
Based on property information with market context.
This turnkey property features four units, including three residential apartments and one business space. The property is well-maintained and located in a desirable area. It is ideal for investors or first-time homebuyers looking to live in one residential unit while generating rental income. Capital improvements include new vinyl windows, upgraded vinyl flooring, and new vinyl siding installed in 2021. Two units and common areas feature freshly painted walls. The property has a new roof planned for 2026 and a new fire alarm system planned for 2026, and is fully up to code. The exterior combines brick and vinyl. A large parking lot provides ample off-street parking for residents. The property is conveniently located with easy access to Route 9, shopping, restaurants, and local amenities. This property presents an opportunity to expand an investment portfolio or occupy one unit while the others contribute to mortgage payments.
Key Highlights
- Turnkey property with 4 units: 3 residential and 1 business space.
- Income‑generating potential: live in one unit and rent out the others.
- New roof and fire alarm system (2026).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 06051, CT
31,134
Population
13,798
Households
2.3
Avg Household Size
34
Median Age
10%
College-Educated
75%
High-School Grad
4.1 sq mi
ZIP Area
7,594
Density / Sq Mi
$48,682
Median Household Income
$32,768
Median Earnings
$1,100
Median Rent
$198,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four units: residential apartments and business space in desirable area.
Where is this quadplex located?
The property is located at 198 Oak St New Britain, CT.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Turnkey property with 4 units: 3 residential and 1 business space.; Income‑generating potential: live in one unit and rent out the others.; New roof and fire alarm system (2026).
