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123-125 North St 8 Unit Apartment Building $950,000 ($118,750/Unit) 6.68% Cap Rate New Britain, CT 06051
Investment Highlights
- Prime Central New Britain Location- just minutes from downtown New Britain, public transportation, shopping, and major highways.
- Stable cash flow from seven residential units plus a ground-level commercial space that is occupied by a Barber Shop.
- Separate utilities and off-street parking help keep operating costs organized and predictable while the mixed unit layouts appeal to long-term tenants
Executive Summary
Excellent investment opportunity in a central New Britain location. This 8-unit mixed-use building includes 7 residential apartments and 1 ground-level commercial space, providing a strong and diversified income stream. The residential units feature a mix of layouts that appeal to long-term tenants, while the commercial unit offers visibility and convenience for local business use. Additional highlights include separate utilities, off-street parking, and close proximity to downtown, public transportation, shopping, and major highways. Whether you're expanding your portfolio or seeking stable cash flow with upside potential, this property is a must-see. Schedule your private showing today!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $950,000 | Building Class | C |
| Price Per Unit | $118,750 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 8,096 SF |
| Cap Rate | 6.68% | Average Occupancy | 90% |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.23/1,000 SF |
| Apartment Style | Mid-Rise | Cross Streets | Lawlor Street |
| Zoning | CBD | ||
| Price | $950,000 |
| Price Per Unit | $118,750 |
| Sale Type | Investment |
| Cap Rate | 6.68% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 8,096 SF |
| Average Occupancy | 90% |
| No. Stories | 4 |
| Year Built | 1900 |
| Parking Ratio | 1.23/1,000 SF |
| Cross Streets | Lawlor Street |
| Zoning | CBD |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 5 | - | - |
1 1
Walk Score®
Very Walkable (83)
Property Taxes
| Parcel Number | NBRI-000007A-000000-C000097 | Total Assessment | $434,910 (2025) |
| Land Assessment | $25,760 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $409,150 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
NBRI-000007A-000000-C000097
Land Assessment
$25,760 (2025)
Improvements Assessment
$409,150 (2025)
Total Assessment
$434,910 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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123-125 North St
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