85-87 Spruce Street
Manchester, Connecticut 06040
- Beds
- 13
- Baths
- 4
- SqFt
- 4,563
- Acres
- 0.26
- Year Built
- 1914
- Property Type
- 4 Family
Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
Exceptional investment opportunity! Well-maintained 4-family offering 4,563 sq. ft. 21 Rms. 13 Brms.with a 3-car garage in a neighborhood undergoing revitalization. Conveniently located near Charter Oak Park, tennis courts, schools, shopping, public transportation, and just minutes from downtown. Current rents are below market, providing excellent value-add potential and the opportunity to increase future cash flow. The 3-car garage offers additional income potential. Approximately $45,000 in recent improvements include updated apartments, renovated bathrooms and 3 kitchens, new fire-rated doors, updated appliances, exterior powerwashing, freshly painted garage and entry doors, and a water heater replaced at the end of 2024. 3 gas and 1 oil heat. This is a turnkey investment with immediate income and long-term upside. (Profesional pictures will be updated by weekend)
Key Facts
- City/Town
- Manchester
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1914
- Days on Market
- 5 days
- Beds
- 13
- Baths
- 4 full
- Living Area
- 4,563 sq ft
- Lot Size
- 0.26 acres
- Garage / Parking
- 3 garage
- Property Taxes
- $9,047 / Annually
Market Snapshot
The Manchester Market
Multi-Family · trailing 12 months
Active Listings
3
12 under contract
Median List Price
$374,900
3 active listings
Median Closed Price
$410,000
66 sales
Median Days on Market
6
3 active listings
Median $ / Sq Ft
$148
3 active listings
Sale-to-List Ratio
104.3%
66 sales
How this home compares
List Price
$674,900
vs $374,900 median
80.0% above median
Price / Sq Ft
$148
vs $148 median
In line with median
Days on Market
5 days
vs 6 days median
1 day fresher than median
Based on 3 active and 66 closed sales (trailing 12 mo) of multi-family in Manchester. Source: SmartMLS · As of July 28, 2026.
Location
85-87 Spruce Street, Manchester, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$3,441
- Property Taxes$754
- Insurance$225
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Manchester
- Neighborhood
- N/A
- County
- Hartford
Residence
- Property Type
- Multi-Family
- Subtype
- Quadruplex
- Style
- Units on different Floors
- Year Built
- 1914
- New Construction
- No/Resale
- Living Area
- 4,563 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Manchester
Interior
- Heating
- Hot Air
- Heat Fuel
- Natural Gas
- Cooling
- None
- Basement
- FullUnfinished
Exterior & Lot
- Lot Size
- 0.26 acres
- Zoning
- RB
- Garage / Parking
- 3 garage spacesCovered Garage
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Aluminum
- Color
- White
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Exterior Features
- BalconyGuttersGarden Area
- Lot Description
- Lightly WoodedLevel Lot
Listing & Financials
- Property Taxes
- $9,047 / Annually
- Days on Market
- 5
- MLS #
- 24191138
- MLS Status
- Active
Similar Properties
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Co-Listed By
Bob Jr Virgulak
Century 21 AllPoints Realty
This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 7/28/2026 at 4:25 AM UTC.