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Listed price in listed location currency (USD).
$725,000

1040

MLS® 24182804

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size 4659 sqft
Garage 
Taxes $9,135
Days Active 12
Lot Size 0.4 Acres
Approx. Age 1906
Avg. Price Per Sqft $155
MLS® Number 24182804

Property Address: 12 Arch St, Manchester, CT, 06040-4930

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

Description

**BEST AND FINAL by Wednesday 12 pm**....Set behind a classic stone wall and framed by mature trees, 12-14 Arch Street presents a rare opportunity to acquire a fully occupied 4-family asset combining strong in-place cash flow, timeless New England character, and meaningful upside potential. Generating over $103, 000 in annual gross income, the property features an ideal unit mix of two 2-bedroom apartments and two 3-bedroom apartments, providing broad tenant appeal and long-term stability. Each apartment offers spacious layouts, abundant natural light, hardwood flooring, updated kitchens and baths, and the architectural charm that continues to attract quality tenants. Enclosed porches, oversized windows, and classic period details create a living experience that stands apart from typical multifamily offerings. The current ownership includes heat in the rent (newer gas boiler) while tenants are responsible for their own electric and other household utilities. With upcoming lease turnover opportunities, investors have multiple ways to boost returns while keeping strong occupancy. Conveniently located near downtown Manchester, shopping, restaurants, parks, and major commuter routes, It offers the rare combination of immediate cash flow, stable tenancy, and future value add.
MLS® Number24182804
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1906
BasementFull
Driveway
Garage Spaces
HeatNatural Gas, Baseboard
A/CCeiling Fans

Extras

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