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$ 725,000
Est. payment /mo
New
12 Arch Street Manchester, CT 06040
10 Beds
4 Baths
4,659 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,659 sqft
Price per Sqft $155
MLS Listing ID 24182804
Style Units on different Floors,Units are Side-by-Side
Bedrooms 10
Full Baths 4
Year Built 1906
Annual Tax Amount $9,135
Lot Size 0.400 Acres
Property Sub-Type 4 Family
Property Description
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, while tenants are responsible for their own electric and other household utilities. The building already has separate gas and electric meters, which means future owners can optimize operating expenses through utility restructuring and potential heating system upgrades. 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.
Location
State CT
County Hartford
Zoning RB
Rooms
Basement Full
Interior
Heating Hot Water
Cooling Ceiling Fans
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Mustafa Muaremi • Coldwell Banker Realty
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