250 North Street, New Britain, CT 06051 (MLS # 24197237)


Price $1,825,000
Status Active
Beds 21
Baths 15 Baths
Home size 14,408 sqft
Lot Size 27,879 sqft
Days on Market 13
Excellent opportunity to acquire a 16-unit mixed-use investment property strategically positioned along one of New Britain's primary commercial corridors. The property consists of 12 residential units (six 2-bedroom/1-bath units and six 1-bedroom/1-bath units) and four street-level commercial spaces, offering investors a diversified income stream. The commercial component is fully leased to a nail academy (occupying two storefronts), a pizzeria, and a mini market. The nail academy has made substantial tenant improvements, including the installation of commercial HVAC systems, ventilation, and interior build-outs, reflecting a long-term commitment to the property. The residential apartments are separately metered for electricity, with the landlord responsible for heat and hot water. Commercial tenants is responsible for their own utilities (separately metered), reducing operating expenses and enhancing the property's income profile. The asset provides strong in-place cash flow with additional upside through residential rent growth as units turn over. Additional highlights include ample on-site parking, excellent street frontage and visibility, and a high-traffic location. Conveniently located just minutes from Central Connecticut State University (CCSU), Downtown New Britain, CTfastrak, and major highways including Route 9, Route 72, and Interstate 84.
Property Type(s): Multi Family
Last Updated 8/5/2026 Year Built 1908
County Hartford

SCHOOLS

Elementary School Per Board of Ed
High School New Britain

Additional Details

AIR None
BASEMENT Full, Yes
CONSTRUCTION Brick, Frame
HEAT Baseboard, Natural Gas
LOT 0.64 acre(s)
SEWER Public Sewer
STYLE Other, Units on different Floors
TAXES 20764
WATER Public
ZONING B1

Location

 

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