Mixed-Use Retail and Apartment
763-767 Park Street Hartford, CT 06106
For Sale
$750,000
COMMERCIAL - Hartford, CT
Property Size5,381 SF
Lot Size0.08 Acres
Price / SF$139.38
Days on Market193
Property Features for 763-767 Park Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MS-1
- Bathrooms
- 7
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 5, Bathroom 7, Bathroom 6
- Standard status
- Active
- Size
- 5,381 SF
- Lot size
- 0.08 Acres
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
Listing Agency:
Premier Properties of CT
(860) 756-0980
Listed By:
Carmen Valeria Palacios-Quintana
(860) 250-7880
Added: Jan 14
Changed: Jul 19
Last Checked: Jul 26 at 8:06AM
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.
Investment Insights
Based on property information with market context.
This mixed-use property consists of two buildings on a single lot, totaling six units with two commercial and four residential units. The front building includes two street-level commercial spaces: a jewelry storefront and a laundromat storefront. Above the commercial area are two residential units, including a four-bedroom unit on the second floor and a three-bedroom unit on the third floor.
The rear building is a two-family residential structure with two-bedroom apartments on both the first and second floors. Both buildings have separate entrances and fully independent utilities. The laundromat business is included in the sale and is equipped with 10 washers and dryers.
Zoned MS-1, the property is offered for sale at 763-767 Park Street in Hartford, CT 06106.
The rear building is a two-family residential structure with two-bedroom apartments on both the first and second floors. Both buildings have separate entrances and fully independent utilities. The laundromat business is included in the sale and is equipped with 10 washers and dryers.
Zoned MS-1, the property is offered for sale at 763-767 Park Street in Hartford, CT 06106.
Key Highlights
- Mixed‑use property with 2 buildings on one lot and 6 total units: 2 commercial and 4 residential.
- Front building: approx. 3,635 SF with a jewelry storefront (long‑term tenant over 20 years) and a laundromat storefront.
- Front building residential units: 2 spacious units above the commercial space—4BR on the second floor and 3BR on the third floor.
Financial Insights For Mixed Use
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 | $129.1k | $24.00 |
| − Vacancy | −$19.4k | −$3.60 |
| EGI | $109.8k | $20.40 |
| − OpEx | −$41.2k | −$7.65 |
| NOI | $68.6k | $12.75 |
5,381 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 37.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Showrooms
FAQs
What type of property is this?
Mixed-use property - Two buildings on one lot combine retail space and four residential units with separate entrances and independent 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: Mixed‑use property with 2 buildings on one lot and 6 total units: 2 commercial and 4 residential.; Front building: approx. 3,635 SF with a jewelry storefront (long‑term tenant over 20 years) and a laundromat storefront.; Front building residential units: 2 spacious units above the commercial space—4BR on the second floor and 3BR on the third floor.
