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Multifamily Property with Finished Third Floor
For Sale
$425,000

38 Magnolia Street, Hartford, CT 06112

Multi-Family For Sale, Units on different Floors, Hartford, CT

Property Size4,262 SF
Lot Size0.17 Acres
Price / SF$99.72
Days on Market8

Property Features for 38 Magnolia Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning N2-3
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 8, Bedroom 7, Bathroom 2, Basement, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 3
Fireplace 1
Basement Partial, Concrete, Partially Finished, Full
Lot features Level Lot
Elementary school Per Board of Ed
High school Per Board of Ed
Directions use GPS
Subdivision Upper Albany
Standard status Active
Size 4,262 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 6715

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating)
Water source Public

Building Details

Year built 1905
Architectural style Other
Listing Agency: Real Broker CT, LLC
Listed By: Pamela Williams
Added: Oct 6 Changed: Oct 9 Last Checked: Oct 13 at 2:06AM
MLS# 24211605

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1905, this 4,262-square-foot multifamily property has two floors with two-bedroom layouts, each featuring living and dining rooms, an eat-in kitchen, a full bath, and laundry space. Fireplaces serve both living rooms. The first floor also has a pantry and an additional flexible room; the second includes an enclosed porch. A finished walk-up third floor contains four rooms, two full baths, and closet storage. Tax records do not include this finished area, so buyers should verify permitted and allowable use. The property also includes a partially finished basement, a long driveway, and a backyard on a 0.17-acre lot.

Located at 38 Magnolia Street in Hartford, the property has public water and public sewer. Zoning is N2-3. The property is being sold as is; inspections are informational, and the seller will not make repairs or concessions based on inspection results.

Key Highlights

  • 4,262 square feet on a 0.17‑acre lot
  • Two floors each include two bedrooms, an eat‑in kitchen, living and dining rooms, and a full bath
  • Finished walk‑up third floor has four rooms and two full baths; tax records do not include the finished area

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Bakery Furniture & Home Goods (Bike/Boat/Book/etc) Store Florist Catering Service Tattoo & Piercing Shop

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

Location Intelligence

Trade Area within ½ mile

1,161
Businesses Nearby

Demographics for 06112, CT

23,189
Population
8,785
Households
2.6
Avg Household Size
32
Median Age
10%
College-Educated
77%
High-School Grad
3.0 sq mi
ZIP Area
7,730
Density / Sq Mi
$47,010
Median Household Income
$29,383
Median Earnings
$1,229
Median Rent
$203,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Multifamily property - Two floors each offer two bedrooms, living and dining rooms, an eat-in kitchen, a full bath, and laundry space.
Where is this multifamily property located?
The property is located at 38 Magnolia Street Hartford, CT.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 4,262 square feet on a 0.17‑acre lot; Two floors each include two bedrooms, an eat‑in kitchen, living and dining rooms, and a full bath; Finished walk‑up third floor has four rooms and two full baths; tax records do not include the finished area
More about this property
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