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196 Park Street

Hartford, CT 06106

$1,550,000 PRICE
30 Beds
12 Baths
12,669 Sqft
0.28 Acres
1890 Built

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.

Additional Information

ADDITIONAL INFORMATION

AVERAGE DAYS ON MARKET: 4
BASEMENT DESCRIPTION: Full
DAYS ON MARKET: 8
ELEMENTARY SCHOOL: Per Board of Ed
GARAGE: Off Street Parking
HIGH SCHOOL: Per Board of Ed
IS OCCUPIED?: Tenant
LIVING AREA SQFT: 12,669
NEIGHBORHOOD: Frog Hollow
PROPERTY TAX: $37,233
SEWER: Public Sewer Connected
STATUS: Active
STYLE: Units on different Floors, Units are Side-by-Side
SUBTYPE: 5 Family+
TAX AMOUNT: $37,233
TAX YEAR: July 2025-June 2026
TYPE: Multi-Family For Sale
UNIT COUNT: 12
YEAR BUILT: 1890
YEAR BUILT DETAILS: Public Records
ZONING: MS-2

INTERIOR/EXTERIOR FEATURES

BEDS: 30
EXTERIOR SIDING: Brick
FULL BATHS: 12
FURNACE TYPE: Natural Gas
HEAT: Natural Gas
HEAT FUEL: Natural Gas
HOT WATER: Natural Gas, 50 Gallon Tank
ROOF: Flat
ROOMS: 54
TOTAL BATHS: 12

Listing Courtesy of Connor Wenchell (860.343.7800) of VC Property Group, Llc (860.300.3102).

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Hartford County

Hartford County, Connecticut

Founded as one of the state’s four original counties in 1666, Hartford County is located in the north central part of the state bordering Massachusetts with 29 towns and covering 751 square miles, making...

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William Pitt Sotheby's International Realty

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