380 Arch St New Britain, CT 06051
Estimated payment $3,950/month
Highlights
- Property is near public transit
- Baseboard Heating
- Level Lot
- Public Transportation
About This Home
Excellent investment opportunity in the desirable city of New Britain with this 5-unit mixed-use property. The building features one street-level commercial unit and four residential apartments above, offering a solid income-producing opportunity. The residential unit mix includes one 1-bedroom apartment and three 2-bedroom apartments, all of which are well cared for with various updates such as vinyl plank flooring and select kitchen and bathroom improvements. Rents are currently below market, presenting excellent upside potential for a new owner. Utilities are fully separate and tenant-paid, with each apartment and the commercial unit equipped with its own electric panel, gas heating system, and hot water tank. Heating, hot water, and cooking are all gas. Additional highlights include on-street parking and no on-site laundry, helping to keep operating expenses and maintenance minimal. This is a strong investment opportunity in a growing market with room to increase returns. Ideally located with easy access to downtown, shopping, dining, and a wide variety of local amenities-making it highly attractive to both residential and commercial tenants.
Listing Agent
Oxford Realty Brokerage Phone: (203) 314-4219 License #REB.0795097 Listed on: 12/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,558
Year Built
- Built in 1900
Lot Details
- 3,920 Sq Ft Lot
- Level Lot
Home Design
- Side-by-Side
- Brick Exterior Construction
- Brick Foundation
- Frame Construction
- Asphalt Shingled Roof
- Masonry Siding
- Vinyl Siding
- Masonry
Interior Spaces
- 4,030 Sq Ft Home
- Unfinished Basement
- Partial Basement
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Full Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
- Property is near shops
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Heating System Uses Natural Gas
Community Details
- 5 Units
- Public Transportation
- Gross Income $72,960
Listing and Financial Details
- Assessor Parcel Number 638797
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,558 | $243,950 | $23,520 | $220,430 |
| 2024 | $9,658 | $243,950 | $23,520 | $220,430 |
| 2023 | $9,338 | $243,950 | $23,520 | $220,430 |
| 2022 | $7,959 | $160,790 | $20,650 | $140,140 |
| 2021 | $7,959 | $160,790 | $20,650 | $140,140 |
| 2020 | $8,120 | $160,790 | $20,650 | $140,140 |
| 2019 | $8,120 | $160,790 | $20,650 | $140,140 |
| 2018 | $8,120 | $160,790 | $20,650 | $140,140 |
| 2017 | $7,880 | $156,030 | $19,670 | $136,360 |
| 2016 | $7,880 | $156,030 | $19,670 | $136,360 |
| 2015 | $7,645 | $156,030 | $19,670 | $136,360 |
| 2014 | $7,645 | $156,030 | $19,670 | $136,360 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/13/2025 12/13/25 | For Sale | $600,000 | 0.0% | $149 / Sq Ft | |
| 06/27/2018 06/27/18 | Rented | $775 | 0.0% | -- | |
| 06/25/2018 06/25/18 | Under Contract | -- | -- | -- | |
| 06/05/2018 06/05/18 | For Rent | $775 | 0.0% | -- | |
| 05/26/2018 05/26/18 | Under Contract | -- | -- | -- | |
| 05/08/2018 05/08/18 | For Rent | $775 | 0.0% | -- | |
| 02/26/2018 02/26/18 | Sold | $170,000 | -15.0% | $35 / Sq Ft | View Prior Sale |
| 12/13/2017 12/13/17 | Price Changed | $199,900 | -8.7% | $42 / Sq Ft | |
| 11/16/2017 11/16/17 | Price Changed | $219,000 | -12.4% | $46 / Sq Ft | |
| 11/06/2017 11/06/17 | For Sale | $249,900 | -- | $52 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $306,500 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $170,000 | -- | |
| Warranty Deed | $170,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Warranty Deed | $250,000 | -- | |
| Warranty Deed | $250,000 | -- | |
| Deed | $190,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $229,875 | New Conventional | |
| Previous Owner | $300,000 | Commercial |
Source: SmartMLS
MLS Number: 24144818
APN: NBRI-000009B-000000-C000016
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