36 Russell Street

36 Russell Street, New Britain, CT is an operating men’s recovery residence located in the heart of New Britain, Connecticut. The property is a grand brick home currently used as recovery housing and is offered for sale at an asking price of $980,000.

The building contains approximately 4,604 square feet and is designed to support up to 26 recovery housing beds. The home is currently occupied and operating at approximately 90% capacity, providing a buyer with the benefit of an existing use, active occupancy, and an established operating foundation rather than a speculative conversion or vacant repositioning project.

The property is certified by CTARR and has been operating as a recovery home for several years. This existing certification and operating history may be particularly valuable for buyers seeking a stabilized recovery housing real estate asset with demonstrated use and an operator already in place.

Lease and Operator Structure

The property is offered with the current recovery housing operator remaining in place. The operator will not be named in the public listing, but the existing structure allows buyers to evaluate the property as an income-producing recovery housing asset rather than a direct operating business.

The lease is structured as a modified gross lease, with the tenant responsible for all utilities and most maintenance. This arrangement may reduce the owner’s ongoing expense burden while preserving a relatively straightforward landlord-tenant structure. For buyers seeking passive or semi-passive exposure to recovery housing real estate, the lease structure may be an important part of the investment profile.

Investment Opportunity

This offering is best positioned as a stabilized recovery housing investment opportunity. The property is already operating, substantially occupied, certified by CTARR, and supported by an established operator who is expected to remain in place.

Unlike a ground-up conversion, the home has an existing recovery housing use and current occupancy. This may allow a buyer to focus diligence on lease terms, rent performance, property condition, certification status, and long-term operator strength rather than having to create the operating model from scratch.

The asking price of $980,000 reflects the opportunity to acquire a large, operating recovery residence in a central Connecticut market with the infrastructure already in place for continued sober living use.

Location and Market Context

New Britain is an up-and-coming Connecticut city with access to employment centers, public transportation, healthcare resources, community services, and regional recovery supports. The property’s central location supports its ongoing use as recovery housing by placing residents near the services, amenities, and opportunities that can support long-term stability.

The home’s substantial brick construction and residential character give it a strong physical presence in the neighborhood. Its size, layout, and existing recovery housing use make it especially relevant for buyers seeking a purpose-built or already-adapted congregate housing asset.

Key Property Details

• Address: 36 Russell Street, New Britain, CT
• Asking Price: $980,000
• Building Size: Approximately 4,604 sq. ft.
• Recovery Housing Beds: Up to 26 beds
• Current Use: Operating men’s recovery residence
• Current Occupancy: Approximately 90%
• Certification: CTARR Certified
• Lease Structure: Modified gross lease
• Tenant Responsibilities: All utilities and most maintenance
• Operator Status: Established operator to remain in place
• Market: New Britain, Connecticut
• Investment Profile: Stabilized net-leased recovery housing real estate opportunity

Buyer Fit

This property may be well suited for a mission-oriented real estate investor, recovery housing property owner, nonprofit-aligned buyer, or purchaser seeking a stabilized sober living asset with an established operator in place.

The opportunity may be especially attractive to buyers who want the real estate side of recovery housing without directly managing resident operations. With a certified home, existing occupancy, and a modified gross lease structure, the property offers a combination of income potential, social impact, and operational continuity.