196 Park St, Hartford, CT 06106

Beds
30
Baths
12
Sqft
7,128

Sign in to view any offers or make an offer. View property features, location on map, relevant school information and overview from seller's agent.

Listed byVC Property Group, LLC
  • 0
  • 0

Overview

Rare opportunity to acquire a 12-unit multifamily portfolio consisting of two 6-family properties located at 196 Park Street and 38 Brown Street in Hartford, Connecticut. Offering immediate scale, strong in-place cash flow, and operational efficiencies, this package is ideal for investors seeking a larger multifamily asset in one of Connecticut's strongest rental markets. The portfolio features a desirable mix of six 3-bedroom units and six 2-bedroom units, appealing to a broad tenant base and supporting long-term occupancy. Both properties benefit from tenant-paid utilities, off-street parking, public water and sewer, and gas heat, helping to minimize operating expenses and maximize investor returns. Currently operating at strong occupancy levels, the portfolio offers additional upside through continued rent growth and stabilization to market rents. The combination of larger family-sized units and Hartford's ongoing demand for affordable workforce housing creates a compelling long-term investment profile. Conveniently located near downtown Hartford, major employers, hospitals, universities, public transportation, and interstate highways, the properties benefit from excellent accessibility and a deep tenant pool.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
30
Number of bathrooms
12
Square feet
7,128
Lot size (acres)
0.28
Year built
1890

Interior features

Basement
Yes

Utilities

Heating
Hot Water
Sewer
Public Sewer
Water
Public Water

Public schools

Loading

Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Smart MLS MLS®#: 24179092 Last checked:

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.