Four-Unit Residential Income
For Sale
$674,900
85-87 Spruce Street, Manchester, CT 06040
Well-maintained quadplex with updated apartments and renovated interiors, plus a 3-car garage for added rental potential.
Property Size4,563 SF
Price / SF$147.91
Days on Market32
Property Features for 85-87 Spruce Street
General Information
Standard status
Active
Size
4,563 SF
Total Parking Spaces
3
Property subtype
Multi Family Home
Zoning
RB
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,047
Building Details
Building Size
4,563 SF
Year Built
1914
Units
4
Tenancy
Multi
Listing Agency:
Century 21 Allpoints Realty
(860) 995-5637
Listed By:
Marianne Smith · License #RES.0805970
(860) 995-5637
Source:
Westshorerealty
Added: Jul 24
Changed: Aug 23
Last Checked: Aug 24 at 12:46PM
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 Century 21 Allpoints Realty
Investment Insights
Based on property information with market context.
This well-maintained 4-family property offers residential income with four units totaling 4,563 square feet. Updates in recent improvements include renovated kitchens and bathrooms, updated appliances, and installation of new fire-rated doors. The exterior and garage area have also been refreshed, with exterior powerwashing plus freshly painted garage and entry doors. A water heater was replaced at the end of 2024.
The property includes a 3-car garage that provides additional income potential. It is located near Charter Oak Park and within minutes of downtown, with access to schools, shopping, and public transportation.
The current rent levels are described as below market, offering value through future rent growth. The offering is presented as turnkey with immediate income.
The property includes a 3-car garage that provides additional income potential. It is located near Charter Oak Park and within minutes of downtown, with access to schools, shopping, and public transportation.
The current rent levels are described as below market, offering value through future rent growth. The offering is presented as turnkey with immediate income.
Key Highlights
- 1914‑built, well‑maintained 4‑family (quadplex) with 4,563 sq. ft.
- Includes a 3‑car garage, which may provide additional rental income potential.
- Approximately $55,000 in recent improvements: updated apartments, renovated bathrooms and kitchens, new fire‑rated doors, and updated appliances.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,217
Businesses Nearby
Explore this area
Business Placement
Demographics for 06040, CT
35,676
Population
15,550
Households
2.3
Avg Household Size
39
Median Age
36%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
2,111
Density / Sq Mi
$84,741
Median Household Income
$48,208
Median Earnings
$1,361
Median Rent
$238,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained quadplex with updated apartments and renovated interiors, plus a 3-car garage for added rental potential.
Where is this quadplex located?
The property is located at 85-87 Spruce Street Manchester, CT.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 1914‑built, well‑maintained 4‑family (quadplex) with 4,563 sq. ft.; Includes a 3‑car garage, which may provide additional rental income potential.; Approximately $55,000 in recent improvements: updated apartments, renovated bathrooms and kitchens, new fire‑rated doors, and updated appliances.
