N/A Area Multifamily Home

Versatile Multifamily Investment: 3-Family Asset at 127 Smalley Street, New Britain, CT

An exceptional opportunity for real estate investors and house-hackers alike, 127 Smalley Street is a well-maintained, 3-family home situated in New Britain, Connecticut. Listed at $399,900, this 2,805-square-foot property combines historic architectural charm, modern interior updates, and immediate rental income with significant value-add upside. Whether you are looking to expand your investment portfolio or owner-occupy the vacant 2nd floor while collecting rent to offset your mortgage, this asset offers strong long-term fundamentals.

Key Listing & Property Overview

• Address: 127 Smalley Street, New Britain, CT 06051 (Hartford County)

• List Price: $399,900 USD

• Status: Pending

• Property Type: Multifamily (3-Up/Down, 1 Unit per Floor)

• Building Size: 2,805 Sq. Ft.

• Lot Size: 7,405 Sq. Ft. (0.17 Acres)

• Total Bedrooms / Bathrooms: 6 Beds | 3 Full Baths (2 Beds / 1 Bath per Unit)

• Year Built: 1900

• Annual Taxes: $7,021 (2025)

• MLS ID: 24100905

Unit Mix & Substantial Income Upside

Each of the three spacious units features a functional layout highlighted by hardwood flooring, tiled full bathrooms, large eat-in kitchens, and classic butler's pantries that add character and storage:

• 1st Floor Unit: 2 Bedrooms / 1 Bathroom — Rented at $1,250/month.

• 2nd Floor Unit: 2 Bedrooms / 1 Bathroom — Vacant, freshly updated, and ready for immediate owner-occupancy or market-rate leasing.

• 3rd Floor Unit: 2 Bedrooms / 1 Bathroom — Rented at $1,250/month.

Value-Add Potential: Current rents are below peak market rates for the area, giving new ownership a clear path to increase cash flow over time. Units 2 and 3 received thoughtful cosmetic and structural updates within the last 4 to 5 years, including modern finishes and energy-efficient replacement windows.

Mechanical Systems & Tenant Amenities

Designed for low-friction management, the building features updated infrastructure and dedicated resident conveniences:

• Utilities: Separate utility meters with updated electrical systems and natural gas fuel service.

• Heating & Cooling: Hot air and steam heating options, complemented by ceiling fans.

• Basement & Storage: Full, unfinished basement equipped with dedicated tenant washer/dryer hookups.

• Exterior Improvements: Low-maintenance vinyl siding, asphalt shingle roof, solid concrete foundation, and recently refreshed rear porches.

Rare Urban Parking & Garage Features

A standout attribute for this property is its extensive off-street parking capacity—a major tenant attractor in urban rental markets:

• 8 Total Parking Spaces: Accessible via a wide paved-to-gravel driveway.

• Rare 3-Bay Garage / Carport: Offers covered vehicle storage or potential additional rental storage revenue.

Location & Neighborhood Context

Situated within walking distance to local schools (including Smalley Elementary and New Britain High School), public transit, and retail corridors, 127 Smalley Street offers quick connectivity to major regional thoroughfares throughout Hartford County.

Listing Broker Information

• Listing Brokers: Lisa Cozzi & Kiki Pusczynski (Century 21 Allpoints Realty)

• MLS Source: SMART MLS