$1,200,000

1963 Park Street, Hartford, CT 06106

  • 12 baths |
  • 7,104 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $169/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Well-maintained brick apartment building offering current cash flor with significant upside potential. The property features all one-bedroom, one-bath units w/approx. 590 SF each. Units offer functional, open layouts with EIK and living rooms, along with a mix of vinyl flooring and carpet throughout. Select apartments include updated baths with tile finishes and stand-up showers. Major improvements have been completed, including conversion from oil to gas heat in 2025, installation of hardwired smoke detectors throughout (approx. $20,000 investment), and energy-efficient motion-sensor lighting in common hallways to reduce operating costs. Heat and hot water are landlord paid, while the electrical are separately metered and tenant paid. The roof is in good condition and there are many replacement windows throughout. The property includes five off-street parking spaces at the rear, currently generating additional monthly income. Rents are below market, presenting a clear value-add opportunity with a projected 9% pro-forma cap rate. Ideally located in Parkville, with close proximity to downtown, major highways, and within walking distance to restaurants, shopping, and everyday conveniences. A solid investment opportunity with solid recent upgrades and growth potential.

Listing Status:
Active
Date Added:
February 21, 2026
Data Last Updated:
April 1, 2026 at 8:50PM
Listing Office:
Oxford Realty : (203) 314-4219
Listing Agent:
Amanda Faroni-Sheehan : (203) 314-4219
MLS ID:
24155595
  • Flooring: TileVinylWall-to-Wall Carpet
  • A/C: None
  • Heating: BaseboardNatural Gas
  • General: SidewalkAwningsGuttersLighting
  • Parking: Parking spaces: 5
  • Roofing: FlatRubber
  • Road/Access: Municipal Street
  • County: Hartford
  • Zoning: NX-2598131
  • Current Use: residential
  • Utilities: ElectricGasPhone AvailableCable Available
  • Water: Public Water Connected
  • Sewer: Public Sewer Connected

This listing courtesy of Amanda Faroni-Sheehan , Oxford Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Parkville Community School

47 New Park Ave, Hartford, CT, 06106

Grades PK-5

0.21 miles away

B

Breakthrough Magnet School South

290 Brookfield St, Hartford, CT, 06106

Grades PK-8

0.76 miles away

H

Hartford Public High School

55 Forest St, Hartford, CT, 06105

Grades 9-12

0.81 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.