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$ 700,000
Est. payment /mo
Open Sun 1PM-3PM
18 Arch Street Manchester, CT 06040
10 Beds
4 Baths
3,840 SqFt
Open House
Sun Jun 14, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $182
MLS Listing ID 24182827
Style Units are Side-by-Side,4sides - Units Are Side-by-Side
Bedrooms 10
Full Baths 4
Year Built 1919
Annual Tax Amount $8,466
Lot Size 0.310 Acres
Property Sub-Type 4 Family
Property Description
Opportunity knocks in Manchester. Tucked away in a private, wooded setting yet minutes from I-384, I-84, Buckland Hills, and downtown amenities, 18-24 Arch Street offers a rare chance to acquire a fully occupied 4-family with strong rental history and immediate income. The building features four spacious units - a desirable mix of 2 and 3-bedroom layouts showcasing hardwood floors, updated kitchens, generous room sizes, and abundant natural light. Several units offer oversized living spaces, dedicated storage, covered porches, and unique bonus areas that appeal to long-term tenants. Separate gas, oil and electric meters for all units. Large paved parking area provides convenience rarely found in properties of this size. Set on a secluded lot bordered by mature trees, the property delivers privacy while remaining close to everything Manchester has to offer. Current gross rent: $7,385/mo | $88,620 annually | 9% cap rate | All 4 leases in place through 2027-2028. Strong occupancy, well-maintained living spaces, and stable collections make this an attractive addition for seasoned investors and those looking to expand their portfolio. Properties with in-place cash flow, tenant-friendly layouts, and a private wooded setting rarely become available in this market. A compelling turnkey opportunity in a high-demand Hartford County rental corridor. More pictures coming soon
Location
State CT
County Hartford
Zoning RB
Rooms
Basement None
Interior
Heating Baseboard
Cooling Ceiling Fans
Exterior
Waterfront Description Not Applicable
Roof Type Shingle,Gable
Building
Lot Description City Views, Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Mustafa Muaremi • Coldwell Banker Realty