12-Unit Multifamily
For Sale
$1,450,000
38-40 Brown Street, Hartford, CT 06114
Two 6-unit buildings offer six 3-bedroom and six 2-bedroom apartments with tenant-paid utilities and off-street parking.
Property Size12,669 SF
Price / SF$114.45
Days on Market102
Property Features for 38-40 Brown Street
General Information
Standard status
Active
Size
12,669 SF
Property subtype
5 Family+
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
12
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
VC Property Group, LLC
Listed By:
Connor Wenchell · License #RES.0818692
(860) 343-7800
Source:
Lockandkeyre
Added: May 28
Changed: Sep 4
Last Checked: Sep 6 at 6:38AM
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 VC Property Group, LLC
Investment Insights
Based on property information with market context.
A 12-unit multifamily portfolio comprising two separate 6-unit properties located at 196 Park Street and 38 Brown Street. The combined mix includes six 3-bedroom units and six 2-bedroom units. The properties feature tenant-paid utilities, off-street parking, public water and sewer service, and gas heat.
The portfolio is described as currently operating at strong occupancy levels and includes convenient access to downtown Hartford, major employers, hospitals, universities, public transportation, and interstate highways. Buyers and brokers may view this as a straightforward way to acquire a larger multifamily ownership interest through two clustered buildings with a family-oriented unit mix.
The portfolio is described as currently operating at strong occupancy levels and includes convenient access to downtown Hartford, major employers, hospitals, universities, public transportation, and interstate highways. Buyers and brokers may view this as a straightforward way to acquire a larger multifamily ownership interest through two clustered buildings with a family-oriented unit mix.
Key Highlights
- 12‑unit multifamily portfolio made up of two 6‑unit properties at 196 Park Street and 38 Brown Street in Hartford, CT
- Unit mix includes six 3‑bedroom units and six 2‑bedroom units
- Tenant‑paid utilities can help reduce owner operating expense; public water and sewer are available
Property Analytics
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,139
Businesses Nearby
Explore this area
Business Placement
Demographics for 06114, CT
26,257
Population
11,206
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
4.0 sq mi
ZIP Area
6,564
Density / Sq Mi
$47,905
Median Household Income
$31,996
Median Earnings
$1,296
Median Rent
$228,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two 6-unit buildings offer six 3-bedroom and six 2-bedroom apartments with tenant-paid utilities and off-street parking.
Where is this apartment building located?
The property is located at 38-40 Brown Street Hartford, CT.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 12‑unit multifamily portfolio made up of two 6‑unit properties at 196 Park Street and 38 Brown Street in Hartford, CT; Unit mix includes six 3‑bedroom units and six 2‑bedroom units; Tenant‑paid utilities can help reduce owner operating expense; public water and sewer are available
