340 Arch Street, New Britain, CT 06051

New Britain
Local realty services provided by:Better Homes and Gardens Real Estate Executive Real Estate
340 Arch Street,New Britain, CT 06051
$2,100,000
  • 15 Beds
  • 5 Baths
  • 9,864 sq. ft.
  • Multi-family
  • Active
Listed by: michelle lorenzetti(860) 335-0681
Office: premier re group llc(860) 335-0681
MLS#:24207479
Source:CT

Price summary

  • Price:$2,100,000
  • Price per sq. ft.:$212.9

About this home

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...

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Home facts

  • Year built:1900
  • Listing ID #:24207479
  • Added:7 day(s) ago
  • Updated:October 07, 2026 at 12:20 PM

Rooms and interior

  • Bedrooms:15
  • Total bathrooms:5
  • Full bathrooms:5
  • Rooms Total:25
  • Basement Description:Full Basement, Full With Walk-Out
  • Living area:9,864 sq. ft.

Heating and cooling

  • Cooling:Wall Unit
  • Heating:Hot Air

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1900
  • Building area:9,864 sq. ft.
  • Lot area:0.27 Acres
  • Lot Features:Level Lot
  • Construction Materials:Brick
  • Exterior Features:Awnings, Balcony, Lighting, Sidewalk

Schools

  • High school:Per Board of Ed
  • Middle school:Per Board of Ed
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water Connected, Public Water In Street
  • Sewer:Public Sewer Connected, Public Sewer In Street

Finances and disclosures

  • Price:$2,100,000
  • Price per sq. ft.:$212.9
  • Tax amount:$33,427 (July 2026-June 2027)

Parking

  • Total parking spaces:12
  • Parking description:Assigned Parking, Driveway, Off Street Parking, Paved, Private
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