77 E Main St - Apartments FOR SALE


Plainville, CT 06062
$1,625,000 USD
203-980-6412
77 E Main St, Plainville, CT for Sale
$1,625,000 USD
Apartments - FOR SALE
1/10
null | 6.43% Cap Rate

77 E Main St
Plainville, CT 06062


HIGHLIGHTS

  • Location Advantage: Prime Main Street visibility in Plainville, near restaurants, retail, and transit
  • Strong In-Place Cash Flow with Additional Upside
  • Simple, Low-Maintenance Asset

OVERVIEW

Rare opportunity to acquire a fully occupied 13-unit mixed-use asset in the heart of Plainville, CT. The property consists of 12 studio apartments and one ground-level commercial unit with direct Main Street frontage. Strong in-place cashflow with immediate upside through rental increases — current studio rents average $1,128/month with market comps supporting $1,300+. Ideal for investors seeking turnkey income with long-term appreciation in a walkable, Main Street corridor location. Zoned for mixed use, professionally managed, and positioned for both steady yield and future value-add repositioning.

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

13

PRICE/UNIT

$125,000

CAP RATE

6.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

CC

APN/PARCEL ID

PLAI-000024-O000000-000007

ASK ABOUT THIS PROPERTY

Justin SudolAlpha Capital RealtyMore Info
203-980-6412

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Justin SudolAlpha Capital RealtyMore Info
203-980-6412

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.