38-40 Redding Street, Hartford, CT 06114 (MLS # 24177578)

Price $1,500,000
Status Active
Beds 34
Baths 12 Baths
Home size 5,643 sqft
Lot Size 5,228 sqft
Days on Market 34
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.
Property Type(s): Multi Family
Last Updated 5/21/2026 Year Built 1926
County Hartford

SCHOOLS

Elementary School Per Board of Ed
High School Per Board of Ed

Additional Details

AIR None
APPLIANCES Gas Water Heater
BASEMENT Full, Unfinished, Yes
CONSTRUCTION Brick
HEAT Hot Water, Natural Gas
LOT 5227 sq ft
LOT DESCRIPTION Corner Lot, Level
SEWER Public Sewer
STYLE Units are Side-by-Side, Units on different Floors
TAXES 18070
WATER Public
ZONING NX-1

Location

 

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