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31867559
31867558

266 High Street, New Britain, CT 06051

DK
MA MA 9504385
Horvath & Tremblay
Horvath & Tremblay
Listed by Horvath & Tremblay
$1,320,000
56 days on market
Updated 56 days ago

266 & 270 High Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,498
Units 12
NOI $85,414
Price per SqFt $117
Year Built 1900
Buildings 2
Acreage 0.400
Parking Spaces spaces

Multifamily | 16,498 SqFt

Marketing description

ACCESS & CONNECTIVITY

The Property is positioned within reach of CTfastrak service in downtown New Britain, where bus routes including 101 and 102 connect riders to Hartford and other regional destinations, and the area is also served by local CTtransit bus service.

For rail access, the nearest commuter rail option is Berlin Station, which provides access to the CTrail Hartford Line and Amtrak service along the Hartford–Springfield corridor.

Highway access is convenient as well, with Route 72 linking New Britain directly to Route 9 and I-84, providing efficient regional travel toward Hartford, Plainville, and the broader central Connecticut market.

AREA AMENITIES & DEMAND DRIVERS

The Properties benefit from proximity to major employers such as Central Connecticut State University, which anchors a significant student and faculty population, as well as healthcare institutions including The Hospital of Central Connecticut- New Britain General Campus and Starling Physicians, both of which provide a stable base of medical professionals and support staff in need of nearby housing.

Additional employment is driven by legacy manufacturing and corporate users such as Stanley Black & Decker and smaller industrial operators like Oxford Polymers, reinforcing the area’s blue-collar employment base and consistent renter demand.

The location also benefits from its position within the broader Hartford metro area, with convenient access to Interstate 84 and Route 9 enabling commuters to reach major regional employment hubs in Hartford, Farmington, and West Hartford.

This connectivity supports a commuter-based renter pool, further strengthened by ongoing multifamily development and adaptive reuse projects in downtown New Britain that continue to add housing supply and attract residents seeking more affordable alternatives to nearby suburban markets.

UTILITIES

Tenants are responsible for gas-powered heat & hot water, as well as separately metered electricity, which they pay directly. The Landlord is responsible for providing city water & sewer, which they pay directly.

OFF-STREET PARKING

The Property features ample parking with over nine (9) off-street surface parking spaces and two (2) garage spaces.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 25,600 people live within 1 mile of the Property with an average household income of $61,140. Over 93,000 people reside within 3 miles of the Property with an average household income of $90,377.

QUALITY OF LIFE AMENITIES

Contemporary and fast-casual dining options are readily accessible, including El Capitán Sandwiches and Fresh Greens and Proteins, offering a mix of quick-service and health-conscious dining choices.

Additionally, The Assembly Room provides a modern food hall environment with multiple vendors, contributing to a vibrant social and dining scene in the downtown corridor.

Retail and daily needs are well-supported by a variety of nearby grocery and convenience options, including KeyFood Supermarket and specialty markets such as Roly Poly Bakery, a highly regarded European-style grocer and bakery known for its extensive selection.

The surrounding area offers a range of cultural and recreational amenities that enhance tenant appeal, including Walnut Hill Park and the New Britain Museum of American Art.

Investment highlights

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 266 & 270 High Street in New Britain, CT (the “Property”). The three-story buildings contain twelve (12) 2-Bedroom/1-Bathroom units, six (6) units at each building, with 11,298 square feet of gross living area in 16,498 square feet of gross area. The Property is situated upon a 0.40-acre parcel and features over eleven (11) off-street parking spaces.

266 & 270 High Street are strategically located in the core of New Britain, offering immediate access to the city’s downtown district, neighborhood retail corridors, and dense surrounding residential neighborhoods. The Property benefits from strong connectivity to key local thoroughfares including Main Street and Broad Street, as well as convenient access to Route 9 and Interstate 84, providing efficient regional connectivity throughout Central Connecticut and into the greater Hartford metropolitan area.

Listing Contacts

DK
MA MA 9504385
Horvath & Tremblay
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$85,414.00
$7,117.83/mo

Valuation Metrics

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DSCR
6.47%
Cap Rate
6.47%
ROI

Map

Zoning

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A2 ResidentialMulti FamilyMulti Family Houses
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Last updated Feb 19, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
ETHAN COLE
License
REB.0791749
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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