196 Park St, Hartford, CT

Name: 196 Park St, For Sale in Hartford - Zoocasa
Brand: VC Property Group, LLC
SKU: 24179092
Price: 1550000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,550,000

301210

MLS® 24179092

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 7128 sqft

Garage

Taxes $37,233

Days Active 17

Lot Size 0.28 Acres

Approx. Age 1890

Avg. Price Per Sqft $217

MLS® Number 24179092

Property Address: 196 Park St, Hartford, CT, 06106-2549

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number24179092

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1890

BasementFull

DrivewayOff Street Parking

Garage Spaces

HeatNatural Gas, Hot Water

A/CNone

Extras

Map

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