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Jay Contessa

jcontessa@wpsir.com +1(203) 461-3880

$ 725,000

Est. payment | -/mo

10 Beds

4 Baths

4,659 SqFt

Save

$ 725,000

Est. payment | -/mo

Save

10 Beds

4 Baths

4,659 SqFt

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

**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.

Location

State CT

County Hartford

Zoning RB

Rooms

Basement Full

Interior

Heating Baseboard

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

Nearby Locations

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Jay Contessa

REALTOR® | Lic# RES.0816734

jcontessa@wpsir.com

+1(203) 461-3880

470 Main Street, Ridgefield, CT, 06877

12 Arch Street Manchester, CT 06040

Jay Contessa

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

12 Arch Street