Multi-Family For Sale · 5 Family+
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Well-maintained brick apartment building offering current cash flor with significant upside potential. The property features all one-bedroom, one-bath units w/approx. 590 SF each. Units offer functional, open layouts with EIK and living rooms, along with a mix of vinyl flooring and carpet throughout. Select apartments include updated baths with tile finishes and stand-up showers. Major improvements have been completed, including conversion from oil to gas heat in 2025, installation of hardwired smoke detectors throughout (approx. $20,000 investment), and energy-efficient motion-sensor lighting in common hallways to reduce operating costs. Heat and hot water are landlord paid, while the electrical are separately metered and tenant paid. The roof is in good condition and there are many replacement windows throughout. The property includes five off-street parking spaces at the rear, currently generating additional monthly income. Rents are below market, presenting a clear value-add opportunity with a projected 9% pro-forma cap rate. Ideally located in Parkville, with close proximity to downtown, major highways, and within walking distance to restaurants, shopping, and everyday conveniences. A solid investment opportunity with solid recent upgrades and growth potential.
Listed by Amanda Faroni-Sheehan (203) 314-4219 with Oxford Realty (203) 314-4219
Estimate only. Contact a lender for accurate figures.
Amanda Faroni-Sheehan · (203) 314-4219
Oxford Realty · (203) 314-4219
MLS# 24155590 · Data provided by SmartMLS. Information deemed reliable but not guaranteed. Listing updated Feb 21, 2026 5:57 PM UTC
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1963 Park Street, Hartford CT, 06106
$1,200,000 • Active
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