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Investment Highlights

  • Clay Arsenal & South End Locations
  • (6) 3 Bed Units + (6) 2.5 Bed Units + 1 Retail/Grocery
  • Separate & Tenant Paid Utilities
  • 6 Unit Multifamily + 7 Unit Mixed-Use
  • Many Unit Updates & Hardwood Floors
  • On-Street Parking

Executive Summary

Exceptional opportunity to acquire a 13-unit mixed-use portfolio 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 Facts

Price $2,376,500 CAD
Price / SF $147.18 CAD / SF
Sale Condition Bulk/Portfolio Sale
Cap Rate 7.76%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 16,147 SF
Total Land Area 0.37 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
38-40 Redding St, Hartford, CT 06114 Multifamily 8,211 SF 1926 -
The Keney
89-93 Barbour St, Hartford, CT 06120
Multifamily 7,936 SF 1930 -
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  • Listing ID: 40367749

  • Date on Market: 2026-05-01

  • Last Updated:

  • Address: 2 Bldgs: 13 Units Mixed-Use w/Cash Flow, Hartford, CT

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