478 Prospect Avenue, Hartford, CT 06105

Local realty services provided by:ERA Insite Realty Services
478 Prospect Avenue,Hartford, CT 06105
$950,000
  • 16 Beds
  • 16 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: stanley gutt, michelle lorenzetti(860) 798-5400
Office: premier re group llc
MLS#:24112928
Source:CT

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Price summary

  • Price:$950,000

About this home

High-Yield Multi-Unit Investment on the West Hartford Line: Exceptional opportunity to acquire a well-maintained 12-unit brick building on 478 Prospect Ave., ideally located on the Hartford/West Hartford line. All units are very large 1-bedroom apartments with spacious interiors-highly attractive to tenants and easy to lease. The offering also includes the neighboring property 486 Prospect Ave., formerly used as an architect's office, with additional residential units and untapped potential. Currently generating an almost 8 cap, this investment offers tremendous value-add potential. Rents are currently under market, presenting a clear path to increased cash flow and maximized NOI through strategic rent adjustments and light upgrades. This is a rare chance to secure a high-performing asset in a desirable rental area with strong fundamentals. Agent related. Financials in attachments.

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Home facts

  • Year built:1928
  • Listing ID #:24112928
  • Added:158 day(s) ago
  • Updated:December 29, 2025 at 05:35 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Full bathrooms:16

Heating and cooling

  • Heating:Hot Water, Radiator

Structure and exterior

  • Roof:Flat
  • Year built:1928

Schools

  • High school:Per Board of Ed
  • Middle school:Per Board of Ed
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$950,000
  • Tax amount:$30,185 (July 2025-June 2026)
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