Two-Building Mixed-Use
For Sale
$750,000
763-767 Park Street, Hartford, CT 06106
Commercial For Sale, Hartford, CT
Property Size5,381 SF
Lot Size0.08 Acres
Price / SF$139.38
Days on Market285
Property Features for 763-767 Park Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MS-1
Bathrooms
7
Full bathrooms
6
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 6, Bathroom 7
Lot features
Level Lot
Directions
GPS FRIENDLY
Subdivision
Parkville
Standard status
Active
Size
5,381 SF
Lot size
0.08 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Business Included
Yes
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
15291
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1925
Buildings
2
Listing Agency:
Premier Properties of CT
(860) 756-0980
Listed By:
Carmen Valeria Palacios-Quintana
(860) 250-7880
Added: Jan 14
Changed: Oct 25
Last Checked: Oct 26 at 6:06AM
MLS# 24149116
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.
This mixed-use property includes two buildings with a combined 5381 square feet and six units: two commercial spaces and four residential apartments. The 3,635 sq ft front building contains a jewelry storefront occupied by a tenant for more than 20 years, a seller-operated laundromat, and two upper-level apartments with four bedrooms on the second floor and three bedrooms on the third. The laundromat includes 10 washers and 10 dryers.
The 1,746 sq ft rear building contains two two-bedroom apartments, one on each floor. Both buildings have separate entrances and independent utilities. The property sits on 0.08 acres at 763-767 Park Street in Hartford, CT, with MS-1 zoning, public water, public sewer, baseboard heating, and window-unit cooling. The buildings were constructed in 1925.
The 1,746 sq ft rear building contains two two-bedroom apartments, one on each floor. Both buildings have separate entrances and independent utilities. The property sits on 0.08 acres at 763-767 Park Street in Hartford, CT, with MS-1 zoning, public water, public sewer, baseboard heating, and window-unit cooling. The buildings were constructed in 1925.
Key Highlights
- Two buildings totaling 5381 square feet on a 0.08‑acre lot
- Six units: 2 commercial and 4 residential
- Front building measures 3,635 sq ft and includes two residential apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,608
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,372,160
$1.4M
Cap Rate 7%
$980,114
$980.1K
Cap Rate 9%
$762,311
$762.3K
Market Conditions
NOI Build-Up for 5,381 SF
Gross rent
$129.1K $24.00/SF
− Vacancy
−$19.4K −$3.60/SF
EGI
$109.8K $20.40/SF
− OpEx
−$41.2K −$7.65/SF
NOI
$68.6K $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%
$1,372,160
Cap Rate 7%
$980,114
Cap Rate 9%
$762,311
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$907.5K – $1.21M
NOI $72,597 @ 7.0% cap · market cap 9.68%
Second Best
Mixed Use
$980.1K
$857.6K – $1.14M
NOI $68,608 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,275 @ 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
4
Residential units
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,223
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
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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 - Six-unit property combines storefront operations with residential apartments and separate building utilities.
Where is this mixed-use property located?
The property is located at 763-767 Park Street 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: Two buildings totaling 5381 square feet on a 0.08‑acre lot; Six units: 2 commercial and 4 residential; Front building measures 3,635 sq ft and includes two residential apartments
