18 Arch
Manchester, CT 06040

Property

Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 10 BR
Bathrooms: 4
Area: 3840 sq ft

Open Houses

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Financials

Price:$700,000
Annual Taxes:$8,466
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Mustafa Muaremi of Coldwell Banker Realty

Opportunity knocks in Manchester.

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

Amenities

  • ceiling fan
  • Elementary School - Per Board of Ed
  • High School - Per Board of Ed
  • Intermediate School -

Neighborhood

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