Mixed-Use Investment Opportunity,
763-767 Park St Hartford, CT 06106
For Sale
$750,000
Two buildings, six units, prime location, turnkey income-producing asset.
Property Size3,635 SF
Price / SF$206.33
Days on Market97
Property Features for 763-767 Park St
General Information
Standard status
Active
Size
3,635 SF
Property subtype
Commercial
Building Details
Year Built
1925
Listing Agency:
Premier Properties of CT
(860) 967-7829
Listed By:
Enrique Quintana
(860) 967-7829
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 12:45PM
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 Premier Properties of CT
Investment Insights
Based on property information with market context.
This mixed-use investment opportunity features two buildings situated on a single lot, comprising a total of six units. The property includes two commercial units and four residential units. The front building, spanning approximately 3,635 square feet, houses a jewelry storefront with a long-term tenant of over 20 years. Additionally, there is a laundromat storefront owned and operated by the seller. Above the commercial space, the building contains two residential units: one with four bedrooms on the second floor and another with three bedrooms on the third floor. The rear building is a two-family residential property totaling approximately 1,746 square feet, with two-bedroom apartments on both the first and second floors. Both buildings have separate entrances and fully independent utilities. The sale includes the laundromat business, equipped with 10 washers and dryers. The location has a walk score of 92, indicating it is a walker's paradise, a bike score of 59, indicating it is bikeable, and a transit score of 80, indicating excellent transit.
Key Highlights
- Mixed‑use property with 6 units (2 commercial, 4 residential) offering diverse income streams.
- Turnkey laundromat business included in the sale, providing immediate income.
- Long‑term jewelry store tenant (20+ years) ensures stable rental income.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.7k | $26.04 |
| − Vacancy | −$5.5k | −$1.51 |
| EGI | $89.2k | $24.53 |
| − OpEx | −$40.1k | −$11.04 |
| NOI | $49.0k | $13.49 |
3,635 SF · lease $26.04/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$700.6K
$613.0K – $817.4K
NOI $49,041 @ 7.0% cap · market cap 6.54%
Second Best
Mixed Use
$662.1K
$579.3K – $772.4K
NOI $46,346 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.08M
$948.1K – $1.26M
NOI $75,844 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings, six units, prime location, turnkey income-producing asset.
Where is this mixed-use property located?
The property is located at 763-767 Park St Hartford, CT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Mixed‑use property with 6 units (2 commercial, 4 residential) offering diverse income streams.; **Turnkey laundromat business included in the sale, providing immediate income.**; **Long‑term jewelry store tenant (20+ years) ensures stable rental income.**
