38-40 Brown St, Hartford, CT 06114
- Beds
- 30
- Baths
- 12
- Sqft
- 5,541
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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
- 5,541
- Lot size (acres)
- 0.28
- Year built
- 1920
Interior features
- Basement
- Yes
Utilities
- Heating
- Hot Water
- Sewer
- Public Sewer
- Water
- Public Water
Public schools
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®#: 24179656 Last checked: …

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