USACTNew BritainN/a340 Arch St
Listing image | Image 1

340 Arch St, New Britain, CT

House

For Sale

Listed price in listed location currency (USD).
$2,100,000

15512

MLS® 24207479

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 9864 sqft
Garage 
Taxes $33,427
Days Active 7
Lot Size 0.27 Acres
Approx. Age 1900
Avg. Price Per Sqft $212
MLS® Number 24207479

Property Address: 340 Arch St, New Britain, CT, 06051-2521

Average square foot calculated using Size range provided by listing agent.

Description

Excellent condition turnkey mixed-use investment opportunity in New Britain offering strong in-place income with significant rental upside. This 13-unit property consists of 10 residential apartments and 3 established commercial storefronts across two buildings. Bldg 1 features six 2-bedroom apartments plus two commercial storefronts currently occupied by a mini market and party store. The residential units are projected at $1, 600/month each, bringing the projected total income for Bldg 1 to $12, 450/month including the commercial rents. Bldg 2 features four 3-bedroom apartments plus a commercial space occupied by an established restaurant. The residential units are projected at $1, 800/month each, bringing the projected total income for Bldg 2 to $9, 931.63/month including the restaurant. Current residential rents range from just $1, 200 to $1, 600/month, creating meaningful opportunity to increase income as rents are brought closer to projected market levels. Residential tenants cover their own utilities, helping keep owner operating expenses controlled. The property currently generates approximately $234, 739.56 in annual recurring income, with projected recurring income increasing to $268, 879.56 annually ($22, 406.63/month). Based on the expenses provided, projected NOI is approximately $190, 233.09. At the $2, 100, 000 ask price, property supports a 7.43 current cap, with projected income scenario increasing estimated cap to approximately 9+.
MLS® Number24207479
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementFull, Full With Walk-Out
DrivewayOff Street Parking, Assigned Parking, Driveway
Garage Spaces
HeatNatural Gas, Hot Air
A/CWall Unit

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 30, 2026List Date
$2,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
340 Arch St, New Britain, CT

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