New Britain 3-family Market Report

Currently, there are 83 3-family houses for sale in New Britain, Connecticut (as of 2/21/2008). Listed prices range from $345,000 to $138,000, with the average price (median) at $259,000.

In 2007, there were 76 sales of 3-family houses in town. Buyers paid prices ranging from $335,000 to $120,000 with the average price paid (median) at $245,000. Both owner-occupants and investors purchased these versatile properties. It is still possible for an investor in town to realize positive cashflow from the careful purchase of a 3-family house in New Britain!

For comparison purposes, there were 125 sales of 3-family houses in 2006. Buyers paid prices ranging from $495,000 to $57,500 with the average price paid (median) at $232,000.

Resolve to purchase your first 3-family in 2008; begin building your real estate portfolio while the interest rates are still low!