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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Manchester, CT
Listed for sale 2 days ago
$ 419,900
ROI
20.5
Cash Flow/m
87- 5 Bed
- 2 Bath
- 2466 sft
9-11 Griswold Street, Manchester, CT, 06040
$ 379,900
ROI
23.1Cash Flow/m
359- 6 Bed
- 2 Bath
- 2186 sft
226 School Street, Manchester, CT, 06040
$ 379,000
ROI
23.2Cash Flow/m
365- 5 Bed
- 2 Bath
- 2528 sft
64-66 Ridge Street, Manchester, CT, 06040
$ 359,000
ROI
24.8Cash Flow/m
501- 6 Bed
- 2 Bath
- 3805 sft
106-108 Chestnut Street, Manchester, CT, 06040
Why Invest in Manchester, Connecticut?
Multi-family properties in Manchester, CT offer strong investment potential with steady rental demand. Average rents around $1,850 support solid cash flows, while home values have appreciated 6-7% annually. Cap rates hover in the 6-8% range, bolstered by a competitive market where homes sell quickly. Renter occupancy remains high at about 40%, driven by local workforce needs. Low vacancy and consistent appreciation make this a reliable choice for passive income.
8.5%
Avg. ROI
6.2%
Rental Yield
7.1%
Cap Rate
$1250/mo
Avg. Cash Flow
$1850/mo
Avg. Rent
6.8%
1Y Appreciation
Frequently Asked Questions
Average rents are around $1,850 per unit as of late 2025. This supports strong yields for investors. Demand remains consistent due to local employment.
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