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38-40 Brown Street, Hartford, CT 06114

Multi-Family For Sale · 5 Family+

$1,550,000
$122/sqft
38-40 Brown Street, Hartford, CT
Active
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30
Bedrooms
12
Bathrooms
12,669
Sq Ft
0.28
Acres
1920
Year Built

About This Home

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.

Listed by Connor Wenchell (860) 343-7800 with VC Property Group, LLC (860) 300-3102

Listing Snapshot

Price $1,550,000 Days on Our Site 0 days
Property Tax $18,403/yr Style Units on different Floors,Units are Side-by-Side
Year Built 1920 Total Sq Ft 12,669
Lot Size 0.28 acres HOA Fees N/A
Bedrooms 30 Full Bathrooms 12
Total Rooms 54 Half Baths 0

Structure & Parking

Construction Brick
Roof Flat
Garage Type Paved, Off Street Parking

Systems & Utilities

Heat Hot Water
Fuel Natural Gas
Cooling None
Hot Water Natural Gas, 50 Gallon Tank
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Per Board of Ed
High Per Board of Ed

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $1,534/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
May 28, 2026 Listed $1,550,000

Frequently Asked Questions

How much does 38-40 Brown Street in Hartford, CT cost?
This property is listed at $1,550,000, which works out to $122 per square foot.
How many bedrooms does 38-40 Brown Street have?
This home has 30 bedrooms and 12 bathrooms.
What is the square footage of 38-40 Brown Street?
The home is 12,669 square feet, situated on 0.28 acres.
When was 38-40 Brown Street in Hartford built?
This property was built in 1920.
Is 38-40 Brown Street, Hartford, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 38-40 Brown Street, Hartford in?
This home is served by the Hartford public school system, with Per Board of Ed as the elementary school and Per Board of Ed as the high school.
How do I schedule a tour of 38-40 Brown Street, Hartford, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

Connor Wenchell · (860) 343-7800

VC Property Group, LLC · (860) 300-3102

MLS# 24179656 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Jun 1, 2026 9:50 PM UTC