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Six-Unit Apartment Building

415 East Street, New Britain, CT 06051

For Sale
New
$1,299,000

The fully occupied property includes a mix of two- and three-bedroom apartments.

Property SizeContact for details
Days on Market7

Property Features for 415 East Street

General Information

Standard status Active
Total Parking Spaces 12
Zoning T
Occupancy 100%
Net Operating Income $68,085

Units

Unit Mix 4 x 2BR, 2 x 3BR
Multifamily Units 6

Additional Details

Public Transit Yes
Tenant in Place Yes

Amenities

balcony
laundry hookups

Building Details

Year Built 1926
Buildings 1
Stories 3
Listing Agency: Better Homes and Gardens Real Estate Executive Real Estate
Listed By: Liz D Luciano
Source: Capmarkrealty
Added: Nov 3 Last Checked: Nov 8 at 3:01AM

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 Better Homes and Gardens Real Estate Executive Real Estate

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Investment Insights

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Built in 1926, this six-unit apartment property contains 14 bedrooms: four two-bedroom units and two three-bedroom units. Renovations have been completed across the apartments over a five-year period. Electrical baseboard heating serves each unit, and some apartments have in-unit laundry hookups. Most leases are month to month, and the building is fully occupied.

The corner-lot property includes rear parking for 12 cars and an unfinished basement. Public transportation, schools, parks, shops, restaurants, gas stations, and corner stores are among the nearby services and destinations. The property is zoned T.

Key Highlights

  • Six apartments with 14 bedrooms: four two‑bedroom units and two three‑bedroom units
  • Fully occupied; most leases are month to month
  • Renovations completed across the units over a five‑year span

Property Analytics

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Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

590
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
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Market

Average Price Trend$/SF for Apartment buildings in New Britain, CT

$152 Jul
$144 Aug
$144 Sep
$147 Oct

Properties on Market for Apartment buildings in New Britain

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The fully occupied property includes a mix of two- and three-bedroom apartments.
Where is this apartment building located?
The property is located at 415 East Street New Britain, CT.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Six apartments with 14 bedrooms: four two‑bedroom units and two three‑bedroom units; Fully occupied; most leases are month to month; Renovations completed across the units over a five‑year span
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