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340 Arch Street, New Britain, CT 06051

Multi-Family For Sale · 5 Family+

$2,100,000
$213/sqft
340 Arch Street, New Britain, CT
Active
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15
Bedrooms
5
Bathrooms
9,864
Sq Ft
0.27
Acres
1900
Year Built

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 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+.

Listed by Michelle Lorenzetti (860) 335-0681 with Premier Re Group LLC (860) 335-0681

Listing Snapshot

Price $2,100,000 Days on Our Site 31 days
Property Tax $33,427/yr Style 4updown - Unit(s) per Floor
Year Built 1900 Total Sq Ft 9,864
Lot Size 0.27 acres HOA Fees N/A
Bedrooms 15 Full Bathrooms 5
Total Rooms 25 Half Baths 0

Key Features

Outdoor
  • Balcony
  • Sidewalk
  • Awnings
  • Lighting

Structure & Parking

Construction Brick
Roof Asphalt Shingle
Garage Type Off Street Parking, Assigned Parking, Driveway

Systems & Utilities

Heat Hot Air
Fuel Natural Gas
Cooling Wall Unit
Hot Water Natural Gas, 50 Gallon Tank
Water Public Water Connected, Public Water In Street
Sewer Public Sewer Connected, Public Sewer In Street

Schools

Elem Per Board of Ed
Middle Per Board of Ed
High Per Board of Ed

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $2,786/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Sep 16, 2026 Listed $2,100,000

Frequently Asked Questions

How much does 340 Arch Street in New Britain, CT cost?
This property is listed at $2,100,000, which works out to $213 per square foot.
How many bedrooms does 340 Arch Street have?
This home has 15 bedrooms and 5 bathrooms.
What is the square footage of 340 Arch Street?
The home is 9,864 square feet, situated on 0.27 acres.
When was 340 Arch Street in New Britain built?
This property was built in 1900.
Is 340 Arch Street, New Britain, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 340 Arch Street, New Britain in?
This home is served by the New Britain public school system, with Per Board of Ed as the elementary school and Per Board of Ed as the high school.
How do I schedule a tour of 340 Arch Street, New Britain, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

Michelle Lorenzetti · (860) 335-0681

Premier Re Group LLC · (860) 335-0681

MLS# 24207479 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Sep 30, 2026 6:16 PM UTC