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Jay Contessa

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

$ 700,000

Est. payment | -/mo

10 Beds

4 Baths

3,840 SqFt

Save

$ 700,000

Est. payment | -/mo

Save

10 Beds

4 Baths

3,840 SqFt

Key Details

Property Type Multi-Family

Sub Type 4 Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,840 sqft

Price per Sqft $182

MLS Listing ID 24182827

Style Units are Side-by-Side,4sides - Units Are Side-by-Side

Bedrooms 10

Full Baths 4

Year Built 1919

Annual Tax Amount $8,466

Lot Size 0.310 Acres

Property Sub-Type 4 Family

Property Description

**BEST AND FINAL by Wednesday 12 pm**....Opportunity knocks in Manchester. Tucked away in a private, wooded setting yet minutes from I-384, I-84, Buckland Hills, and downtown amenities, 18-24 Arch Street offers a rare chance to acquire a fully occupied 4-family with strong rental history and immediate income. The building features four spacious units - a desirable mix of 2 and 3-bedroom layouts showcasing hardwood floors, updated kitchens, generous room sizes, and abundant natural light. Several units offer oversized living spaces, dedicated storage, covered porches, and unique bonus areas that appeal to long-term tenants. Separate gas, oil and electric meters for all units. Large paved parking area provides convenience rarely found in properties of this size. Set on a secluded lot bordered by mature trees, the property delivers privacy while remaining close to everything Manchester has to offer. Current gross rent: $7,385/mo | $88,620 annually | 9% cap rate | All 4 leases in place through 2027-2028. Strong occupancy, well-maintained living spaces, and stable collections make this an attractive addition for seasoned investors and those looking to expand their portfolio. Properties with in-place cash flow, tenant-friendly layouts, and a private wooded setting rarely become available in this market. A compelling turnkey opportunity in a high-demand Hartford County rental corridor. More pictures coming soon

Location

State CT

County Hartford

Zoning RB

Rooms

Basement None

Interior

Heating Baseboard

Cooling Ceiling Fans

Exterior

Waterfront Description Not Applicable

Roof Type Shingle,Gable

Building

Lot Description City Views, 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

GET MORE INFORMATION

Jay Contessa

REALTOR® | Lic# RES.0816734

jcontessa@wpsir.com

+1(203) 461-3880

470 Main Street, Ridgefield, CT, 06877

18 Arch Street Manchester, CT 06040

Jay Contessa

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

18 Arch Street