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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 6 days ago
$ 374,900
ROI
23.5
Cash Flow/m
393- 6 Bed
- 2 Bath
- 2504 sft
342 Center Street, Manchester, CT, 06040
Currently Rented
Rental Income
$ 359,000
ROI
19.9Cash Flow/m
18- 5 Bed
- 3 Bath
- 2141 sft
265 Oakland Street, Manchester, CT, 06042
$ 349,900
ROI
25.5Cash Flow/m
563- 4 Bed
- 2 Bath
- 2059 sft
11 Anderson Street, Manchester, CT, 06040
$ 414,900
ROI
20.1Cash Flow/m
37- 4 Bed
- 2 Bath
- 1806 sft
51 Cooper 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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