Multi-Family For Sale · 5 Family+
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Excellent condition turnkey mixed-use investment opportunity in New Britain offering strong in-place income with significant rental upside. This 13-unit property consists of 10 residential apartments and 3 established commercial storefronts across two buildings. Bldg 1 features six 2-bedroom apartments plus two commercial storefronts currently occupied by a mini market and party store. The residential units are projected at $1,600/month each, bringing the projected total income for Bldg 1 to $12,450/month including the commercial rents. Bldg 2 features four 3-bedroom apartments plus a commercial space occupied by an established restaurant. The residential units are projected at $1,800/month each, bringing the projected total income for Bldg 2 to $9,931.63/month including the restaurant. Current residential rents range from just $1,200 to $1,600/month, creating meaningful opportunity to increase income as rents are brought closer to projected market levels. Residential tenants pay their own utilities, helping keep owner operating expenses controlled. The property currently generates approximately $234,739.56 in annual recurring income, with projected recurring income increasing to $268,879.56 annually ($22,406.63/month). Based on the expenses provided, projected NOI is approximately $190,233.09. At the $2,100,000 asking price, the property supports an estimated 7.43% current cap rate, with the projected income scenario increasing the estimated cap rate to approximately 9.
Listed by Michelle Lorenzetti (860) 335-0681 with Premier Re Group LLC (860) 335-0681
Estimate only. Contact a lender for accurate figures.
Michelle Lorenzetti · (860) 335-0681
Premier Re Group LLC · (860) 335-0681
MLS# 24207479 · Data provided by SmartMLS. Information deemed reliable but not guaranteed. Listing updated Sep 30, 2026 3:00 AM UTC
Peter & Konrad
Co-Founders, RYZE Realty Group
$1,615,000
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340 Arch Street, New Britain CT, 06051
$2,100,000 • Active
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