$950,000
$1,390,000
31.7%For more information regarding the value of a property, please contact us for a free consultation.
16 Beds
16 Baths
8,352 SqFt
SOLD DATE : 12/23/2025
Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 8,352 sqft
Price per Sqft $113
MLS Listing ID 24112928
Sold Date 12/23/25
Style Other
Bedrooms 16
Full Baths 16
Year Built 1928
Annual Tax Amount $30,185
Lot Size 9,147 Sqft
Property Sub-Type 5 Family+
Property Description
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.
Location
State CT
County Hartford
Zoning N2-2
Rooms
Basement Full, Unfinished
Interior
Heating Hot Water, Radiator
Cooling None
Exterior
Exterior Feature Sidewalk, Deck, Gutters, Lighting
Parking Features Detached Garage, Parking Lot, On Street Parking, Off Street Parking
Garage Spaces 2.0
Waterfront Description Not Applicable
Roof Type Flat
Building
Lot Description Level Lot
Foundation Brick, Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
Middle Schools Per Board Of Ed
High Schools Per Board Of Ed
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Bought with Cody Huelsman • mygoodagent

