38-40 Brown Street, Hartford, CT 06114
38-40 Brown Street, Hartford, CT 06114
38-40 Brown Street, Hartford, CT 06114
38-40 Brown Street, Hartford, CT 06114
38-40 Brown Street, Hartford, CT 06114
38-40 Brown Street, Hartford, CT 06114
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Alex De Camargo

Alex De Camargo

+1(203) 312-6287
$ 1,550,000
Est. payment | /mo

30 Beds

12 Baths

5,541 SqFt

Save
$ 1,550,000
Est. payment | /mo
Save

30 Beds

12 Baths

5,541 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 5,541 sqft

Price per Sqft $279

MLS Listing ID 24179656

Style Units on different Floors,Units are Side-by-Side

Bedrooms 30

Full Baths 12

Year Built 1920

Annual Tax Amount $37,233

Lot Size 0.280 Acres

Property Sub-Type 5 Family+

Property Description

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

State CT

County Hartford

Zoning NX-2

Rooms

Basement Full

Interior

Heating Hot Water

Cooling None

Exterior

Parking Features Paved, Off Street Parking

Waterfront Description Not Applicable

Roof Type Flat

Building

Lot Description Level Lot

Foundation Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Connor Wenchell • VC Property Group, LLC

Nearby Locations

Alex De Camargo

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(203) 312-6287

alex.decamargo@exprealty.com

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38-40 Brown Street