38-40 Brown Street, Hartford, CT 06114

Hartford
Local realty services provided by:ERA Blanchard & Rossetto, Inc.
38-40 Brown Street,Hartford, CT 06114
$1,450,000
  • 30 Beds
  • 12 Baths
  • 5,541 sq. ft.
  • Multi-family
  • Active
Listed by: connor wenchell(860) 343-7800
Office: vc property group, llc(860) 300-3102
MLS#:24179656
Source:CT

Price summary

  • Price:$1,450,000
  • Price per sq. ft.:$261.69

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...

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Home facts

  • Year built:1920
  • Listing ID #:24179656
  • Added:120 day(s) ago
  • Updated:September 30, 2026 at 12:46 PM

Rooms and interior

  • Bedrooms:30
  • Total bathrooms:12
  • Full bathrooms:12
  • Rooms Total:54
  • Basement Description:Full Basement
  • Living area:5,541 sq. ft.

Heating and cooling

  • Heating:Hot Water

Structure and exterior

  • Roof:Flat
  • Year built:1920
  • Building area:5,541 sq. ft.
  • Lot area:0.28 Acres
  • Lot Features:Level Lot
  • Architectural Style:Units are Side-by-Side
  • Construction Materials:Brick

Schools

  • High school:Per Board of Ed
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water Connected
  • Sewer:Public Sewer Connected

Finances and disclosures

  • Price:$1,450,000
  • Price per sq. ft.:$261.69
  • Tax amount:$37,233 (July 2025-June 2026)

Parking

  • Total parking spaces:10
  • Parking description:Off Street Parking, Paved
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