38-40 Redding Street

Hartford, CT 06114 Directions
$1,500,000
  • 34Bed
  • 12Baths
  • 5,643Sqft
  • 0.12Acres
  • 1926Built
  • $266Price/Sqft

Property Highlights

  • High School: Per Board Of Ed
  • Neighborhood: Clay Arsenal
  • Days on Market: 23
  • MLS: 24177578

Property Highlights

  • High School: Per Board Of Ed
  • Neighborhood: Clay Arsenal
  • Days on Market: 23
  • MLS: 24177578

Exceptional opportunity to acquire a 13-unit mixed-use portfolio with 9% CAP rate, consisting of two solid brick assets totaling 13 units (12 residential + 1 commercial) across two buildings. Combined square footage of approximately 13, 579 SF with a strong unit mix and in-place cash flow, plus additional upside potential. 38 Redding Street is a 6-unit multifamily located in the South End, offering six 2.5-bedroom, 1-bath units with 5, 643 SF. Units feature hardwood floors throughout with some kitchen and bath updates. Utilities are separately metered and tenant-paid. No on-site laundry; on-street parking. 89 Barbour Street is a mixed-use property...

Property Highlights

  • High School: Per Board Of Ed
  • Neighborhood: Clay Arsenal
  • Days on Market: 23
  • MLS: 24177578

Exceptional opportunity to acquire a 13-unit mixed-use portfolio with 9% CAP rate, consisting of two solid brick assets totaling 13 units (12 residential + 1 commercial) across two buildings. Combined square footage of approximately 13, 579 SF with a strong unit mix and in-place cash flow, plus additional upside potential. 38 Redding Street is a 6-unit multifamily located in the South End, offering six 2.5-bedroom, 1-bath units with 5, 643 SF. Units feature hardwood floors throughout with some kitchen and bath updates. Utilities are separately metered and tenant-paid. No on-site laundry; on-street parking. 89 Barbour Street is a mixed-use property comprised of six 3-bedroom, 1-bath apartments and one adjacent commercial space, totaling 7, 936 SF. The property is 100% occupied, delivering stable, in-place income. Residential units offer hardwood flooring, some kitchen and bath updates, and laundry hookups within each unit. Separate, tenant-paid utilities. On-street parking. Together, the portfolio offers a balanced mix of stabilized income and upside through lease optimization and continued improvements. Ideal for investors seeking scale, strong unit layouts, and diversified income in established rental locations.

Exceptional opportunity to acquire a 13-unit mixed-use portfolio with 9% CAP rate, consisting of two solid brick assets totaling 13 units (12 residential + 1 commercial) across two buildings. Combined square footage of approximately 13, 579 SF with a strong unit mix and in-place cash flow, plus additional upside potential. 38 Redding Street is a 6-unit multifamily located in the South End, offering six 2.5-bedroom, 1-bath units with 5, 643 SF. Units feature hardwood floors throughout with some kitchen and bath updates. Utilities are separately metered and tenant-paid. No on-site laundry; on-street parking. 89 Barbour Street is a mixed-use property comprised of six 3-bedroom, 1-bath apartments and one adjacent commercial space, totaling 7, 936 SF. The property is 100% occupied, delivering stable, in-place income. Residential units offer hardwood flooring, some kitchen and bath updates, and laundry hookups within each unit. Separate, tenant-paid utilities. On-street parking. Together, the portfolio offers a balanced mix of stabilized income and upside through lease optimization and continued improvements. Ideal for investors seeking scale, strong unit layouts, and diversified income in established rental locations.

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  • Additional Information
    • Basement Description: Full, Unfinished
    • Elementary School: Per Board of Ed
    • Gross Expenses: 66766
    • Gross Income: 213300
    • High School: Per Board of Ed
    • Is Occupied?: Tenant
    • Living Area SqFt: 5,643
    • Neighborhood: Clay Arsenal
    • Property Tax: $18,070
    • Sewer: Public Sewer Connected
    • Status: Active
    • Style: Units on different Floors, Units are Side-by-Side
    • Subtype: 5 Family+
    • Tax Amount: $18,070
    • Tax Year: July 2025-June 2026
    • Type: Multi-Family For Sale
    • Unit Count: 13
    • Year Built: 1926
    • Year Built Details: Public Records
    • Zoning: NX-1
  • Amenities
    • Medical Facilities
    • Park
    • Playground/Tot Lot
    • Public Rec Facilities
    • Public Transportation
    • Shopping/Mall
  • Interior/Exterior Features
    • Beds: 34
    • Exterior Features: Sidewalk,Porch,Lighting
    • Exterior Siding: Brick
    • Full Baths: 12
    • Furnace Type: Natural Gas
    • Heat: Natural Gas
    • Heat Fuel: Natural Gas
    • Hot Water: Natural Gas, Tank Size Unknown
    • Laundry Room: Washer/Dryer Some Units
    • Laundry Room Access: 89 Barbour St - laundry hookups in units
    • Roof: Flat
    • Rooms: 61
    • Total Baths: 12

Listing Courtesy of Amanda Faroni-Sheehan of Oxford Realty.

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