Two-Building Mixed-Use
For Sale
$1,645,000
629-641 Park Street, Hartford, CT 06106
Multi-Family For Sale, Hartford, CT
Property Size11,800 SF
Lot Size0.13 Acres
Price / SF$139.41
Days on Market92
Property Features for 629-641 Park Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MS-1
Bedrooms
16
Rooms
Bedroom 12, Bedroom 13, Bedroom 15, Basement, Bedroom 3, Bedroom 2, Bedroom 7, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 8, Bedroom 10, Bedroom 11, Bedroom 14, Bedroom 4, Bedroom 9, Bedroom 16
Basement
Full
Lot features
City Views
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
gps
Standard status
Active
Size
11,800 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13688
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Water source
Public
Amenities
dedicated on-site parking lot
Building Details
Year built
1910
Listing Agency:
Brass Moon Realty
(203) 945-1000
Listed By:
Ben Weinberg
(917) 974-6356
Added: Jul 21
Changed: Oct 20
Last Checked: Oct 20 at 9:06AM
MLS# 24193407
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.
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Investment Insights
Based on property information with market context.
Located at 629-641 Park Street in Hartford, this property consists of two adjacent mixed-use buildings offered together. The 11,800-square-foot asset sits on 0.13 acres and includes 8 residential apartments, 3 commercial storefronts, and a dedicated on-site parking lot. The combination creates separate residential and commercial income streams within one property. Built in 1910, the buildings use hot-water and baseboard heating, with public water and public sewer service. Zoning is MS-1. The property is positioned along Park Street’s commercial corridor, with access to downtown Hartford, public transportation, I-84, shopping, restaurants, and neighborhood amenities. The storefront component provides street-level commercial presence, while the apartment units add a residential component to the overall configuration.
Key Highlights
- 11,800 square feet across two adjacent mixed‑use buildings
- 0.13‑acre property at 629‑641 Park Street, Hartford, CT 06106
- 8 residential apartments and 3 commercial storefronts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,450
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,009,000
$3.0M
Cap Rate 7%
$2,149,286
$2.1M
Cap Rate 9%
$1,671,667
$1.7M
Market Conditions
NOI Build-Up for 11,800 SF
Gross rent
$283.2K $24.00/SF
− Vacancy
−$42.5K −$3.60/SF
EGI
$240.7K $20.40/SF
− OpEx
−$90.3K −$7.65/SF
NOI
$150.5K $12.75/SF
Area
Hartford, CT
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,009,000
Cap Rate 7%
$2,149,286
Cap Rate 9%
$1,671,667
Alternative Uses
Best Use
Apartment 5plus
$2.27M
$1.99M – $2.65M
NOI $159,198 @ 7.0% cap · market cap 9.68%
Second Best
Mixed Use
$2.15M
$1.88M – $2.51M
NOI $150,450 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$3.52M
$3.08M – $4.10M
NOI $246,207 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,911
Businesses Nearby
Explore this area
Business Placement
Demographics for 06106, CT
38,036
Population
16,938
Households
2.2
Avg Household Size
33
Median Age
17%
College-Educated
70%
High-School Grad
4.2 sq mi
ZIP Area
9,056
Density / Sq Mi
$47,542
Median Household Income
$31,395
Median Earnings
$1,237
Median Rent
$201,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Adjacent buildings combine residential apartments, street-level commercial units, and dedicated on-site parking.
Where is this mixed-use property located?
The property is located at 629-641 Park Street Hartford, CT.
What is the asking price?
The asking price for this property is $1,645,000.
What are key features of this property?
This property features: 11,800 square feet across two adjacent mixed‑use buildings; 0.13‑acre property at 629‑641 Park Street, Hartford, CT 06106; 8 residential apartments and 3 commercial storefronts
