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16-Unit Mixed-Use Property
New
For Sale
$1,825,000

250 North Street, New Britain, CT 06051

Residential and commercial occupancy combine with separately metered utilities and on-site parking along North Street.

Property Size1,908 SF
Price / SF$126.67
Days on Market6

Property Features for 250 North Street

General Information

Standard status Active
Size 1,908 SF
Property subtype 5 Family+

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Units

Unit Mix 6 x 2BR/1BA, 6 x 1BR/1BA
Multifamily Units 12

Building Details

Building Size 1,908 SF
Year Built 1908
Tenancy Multi
Listing Agency: Oxford Realty
Listed By: Thuyan Tran · License #REB.0794813
Source: Iverty
Added: Aug 5 Changed: Aug 9 Last Checked: Aug 9 at 12:00PM

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 Oxford Realty

Investment Insights

Based on property information with market context.

This 16-unit mixed-use property contains 12 apartments and four street-level commercial spaces. The residential mix includes six 2-bedroom/1-bath units and six 1-bedroom/1-bath units. Apartment electricity is separately metered, while the landlord provides heat and hot water. Commercial suites have individual utility meters, with occupants responsible for their own utilities.

The commercial portion is fully leased to a nail academy using two storefronts, a pizzeria, and a mini market. The nail academy has completed tenant improvements that include commercial HVAC, ventilation, and interior build-outs. The property also offers on-site parking and street frontage along North Street.

Built in 1908, the property is positioned minutes from Central Connecticut State University, Downtown New Britain, CTfastrak, Route 9, Route 72, and Interstate 84.

Key Highlights

  • 16‑unit configuration with 12 residential apartments and 4 street‑level commercial spaces
  • Residential mix includes six 2‑bedroom/1‑bath units and six 1‑bedroom/1‑bath units
  • Commercial space fully leased to a nail academy, pizzeria, and mini market

Property Analytics

Current Use

Iglesia Pent Dios ... Church

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency (Bike/Boat/Book/etc) Store Garden Center Carpet & Flooring Store Acupuncture

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

12
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,211
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Residential and commercial occupancy combine with separately metered utilities and on-site parking along North Street.
Where is this mixed-use property located?
The property is located at 250 North Street New Britain, CT.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: 16‑unit configuration with 12 residential apartments and 4 street‑level commercial spaces; Residential mix includes six 2‑bedroom/1‑bath units and six 1‑bedroom/1‑bath units; Commercial space fully leased to a nail academy, pizzeria, and mini market
More about this property
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