Date
Details
Price
Change
Source
9/16/2026
Listed
$2,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/37
$2,100,000
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Property 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+.
Full Property Details
Full Property Details for 340 Arch St
General
- Price: $2,100,000
- Taxes: (July 2026-June 2027)
- Status: Active
- Type: Multi-Family
- Source: SMARTMLS
- MLS ID: 24207479
- Updated: 9/30/2026
- Added to Site: 25 day(s) ago
Interior
- Number of Rooms: 25
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 15
Exterior
- Exterior Features: Balcony, Sidewalk, Awnings, Lighting
- Color: Brick
Parking
- Total Spaces: 12
- Parking: Off Street Parking, Assigned Parking, Driveway
Location
- County: Hartford
- Driving Directions: GPS friendly
School Information
- Elementary School: Per Board of Ed
- Middle School: Per Board of Ed
- Intermediate School: Per Board of Ed
- High School: Per Board of Ed
Heating & Cooling
- Cooling Type: Wall Unit
- Heating Type: Hot Air, Natural Gas
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas, 50 Gallon Tank
Utilities
- Sewer: Public Sewer Connected, Public Sewer In Street
- Water: Public Water Connected, Public Water In Street
Structural Information
- Architectural Style: 4updown - Unit(s) per Floor
- Construction Status: No/Resale
- Exterior Const.: Brick
- Basement Desc.: Full, Full With Walk-Out
- Roof: Asphalt Shingle
- Square Feet: 9,864
- Above Ground: 9,864 Sq. Ft.
- Year Built: 1900
Unit Information
Unit 1
- Square Feet: 800
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Square Feet: 800
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Square Feet: 800
- Total Bathrooms: 1
- Bedrooms: 3
Unit 4
- Square Feet: 800
- Total Bathrooms: 1
- Bedrooms: 5
Unit 5
- Square Feet: 800
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.27
- Driveway/Sidewalk: Private, Paved
- Zoning: CBD
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $853,160
- Tax Year: July 2026-June 2027
Disclosures and Reports
- Property ID: 638792
Listed by Premier Re Group LLC, Michelle Lorenzetti
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 340 Arch St —
Michelle Lorenzetti
Premier Re Group LLC
Agent Contact: (860) 335-0681 Office Contact: (860) 335-0681
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 340 Arch St
School District:New Britain School District
| Name | Grades | Distance |
|---|---|---|
Vance Elementary School 183 Vance Street, New Britain, CT 06052 | K-5 | 0.7 mi |
Slade Middle School 183 Steele St., New Britain, CT 06052 | 6-8 | 1.2 mi |
New Britain High School 110 Mill Street, New Britain, CT 06051 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 340 Arch St
Tax History
Tax History for 340 Arch St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$33,427
-1%
$853,160
—
2023
$33,777
3%
$853,160
—
2023
$32,659
50%
$853,160
94%
2022
$21,743
—
$439,250
—
2021
$21,743
-2%
$439,250
—
2020
$22,182
—
$439,250
—
2019
$22,182
—
$439,250
—
2018
$22,182
3%
$439,250
3%
2017
$21,571
—
$427,140
—
2016
$21,571
3%
$427,140
—
2015
$20,930
—
$427,140
—
2014
$20,930
11%
$427,140
—
2011
$18,845
—
$427,140
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 340 Arch St
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Sold by Mary Rose Sinatro
340 Arch Street, New Britain, CT 06051 (MLS# 24207479) is a Multi-Family property with 13 units containing 15 bedrooms and 5 full bathrooms. 340 Arch Street is currently listed for $2,100,000 and was received on September 16, 2026. Want to learn more about 340 Arch Street? Do you have questions about finding other Multi-Family real estate for sale in New Britain? You can browse all New Britain real estate or contact a Coldwell Banker agent to request more information.