478 Prospect Avenue, Hartford, CT 06105

Local realty services provided by:ERA Hart Sargis-Breen Real Estate
#1#2#3
478 Prospect Avenue,Hartford, CT 06105
$1,390,000
Virtual Tour
  • 16 Beds
  • 16 Baths
  • 8,352 sq. ft.
  • Multi-family
  • Active
Listed by:stanley gutt
Office:premier re group llc
MLS#:24112928
Source:CT

Price summary

  • Price:$1,390,000
  • Price per sq. ft.:$166.43

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:26 day(s) ago
  • Updated:August 18, 2025 at 04:41 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Full bathrooms:16
  • Living area:8,352 sq. ft.

Heating and cooling

  • Heating:Hot Water, Radiator

Structure and exterior

  • Roof:Flat
  • Year built:1928
  • Building area:8,352 sq. ft.
  • Lot area:0.21 Acres

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:$1,390,000
  • Price per sq. ft.:$166.43
  • Tax amount:$30,185 (July 2025-June 2026)
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