Approved 26-Unit Apartment
For Lease
$1,450,000
35 Oakland St, Manchester, CT 06042
Existing building with approved residential plans, completed interior demolition, onsite parking, and secured historic tax credit approvals.
Space SizeContact for details
Days on Market44
Property Features for 35 Oakland St
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$11,615
Listing Agency:
Vanguard Private Client Grp
(860) 882-8784
Listed By:
Natalie Zoef · License #RES.0817776
(860) 882-8784
Source:
Exprealty
Added: Jun 30
Changed: Aug 12
Last Checked: Aug 12 at 4:55AM
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 Vanguard Private Client Grp
Investment Insights
Based on property information with market context.
An existing building at 35 Oakland St is approved for conversion into a 26-unit apartment project, with plans for 22 one-bedroom residences and 4 two-bedroom residences. Interior demolition has been completed, while architectural, MEP, and required site approvals are in place. Phase I and Phase II Historic Tax Credit approvals have also been obtained.
The property includes onsite parking and is positioned near shopping, restaurants, and major transportation routes in Manchester, CT. The approved residential program, completed demolition, and secured design and site approvals establish the existing scope for redevelopment. The project’s unit mix combines predominantly one-bedroom apartments with a smaller two-bedroom component.
The property includes onsite parking and is positioned near shopping, restaurants, and major transportation routes in Manchester, CT. The approved residential program, completed demolition, and secured design and site approvals establish the existing scope for redevelopment. The project’s unit mix combines predominantly one-bedroom apartments with a smaller two-bedroom component.
Key Highlights
- Approved conversion into 26 residential units
- Unit mix includes 22 one‑bedroom and 4 two‑bedroom apartments
- Interior demolition has been completed
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 06042, CT
24,044
Population
10,915
Households
2.2
Avg Household Size
37
Median Age
45%
College-Educated
95%
High-School Grad
10.5 sq mi
ZIP Area
2,290
Density / Sq Mi
$89,132
Median Household Income
$57,794
Median Earnings
$1,724
Median Rent
$219,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Existing building with approved residential plans, completed interior demolition, onsite parking, and secured historic tax credit approvals.
Where is this apartment building located?
The property is located at 35 Oakland St Manchester, CT.
What is the lease rate?
The lease rate is $1,450,000.
What are key features of this property?
This property features: Approved conversion into 26 residential units; Unit mix includes 22 one‑bedroom and 4 two‑bedroom apartments; Interior demolition has been completed
