146 Clarence Street, Torrington, CT 06790 (MLS # 24220443)


Price $409,900
Status Active
Beds 5
Baths 3 Baths
Home size 2,304 sqft
Lot Size 8,277 sqft
Days on Market 4
ALSO OFFERED AS PORTFOLIO SALE WITH 7 GEORGE ST, TORRINGTON, CT 06790 (MLS #24220536). Fully occupied and renovated just over one year ago, this 3-family investment property offers exceptional cash flow with an estimated 10%+ cap rate. With $53,856 in annual in-place gross operating income, long-term leases, and approx. $42,545 in annual net operating income, this property offers immediate income from day one, along with the flexibility to occupy one of the units in the future to subsidize personal housing costs. Recent improvements include updated electrical panels, select appliances and water heaters, and an expanded private parking area with six private gravel spaces, a valuable advantage over competing nearby rentals. Each unit features its own private entrance, while a partially fenced backyard provides additional outdoor space. Units 1 and 2 have in-unit laundry. The spacious basement presents opportunities for additional income through paid tenant storage or expanded laundry hook-ups, subject to approvals. Paid parking spaces could also offer future rental income potential. Conveniently located in central Torrington, just off S Main Street, with access to major roadways, public transportation, and many local employers. An opportunity to acquire an established, income-producing property with meaningful long-term cash flow potential. See property and portfolio brochure for more details. Information is deemed reliable but not guaranteed. Buyers should independently verify all material property and financial details.
Property Type(s): Multi Family
Last Updated 11/10/2026 Year Built 1910
County Litchfield

SCHOOLS

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

Additional Details

AIR Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Electric Water Heater
BASEMENT Concrete, Full, Storage Space, Unfinished, Yes
CONSTRUCTION Frame, Wood Siding
HEAT Baseboard, Electric
LOT 8276 sq ft
LOT DESCRIPTION Level
PARKING Gravel, Private, Driveway
SEWER Public Sewer
STYLE 3updown - Unit(s) per Floor, Units on different Floors
TAXES 6059
WATER Public
ZONING R6

Location

 

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