478 Prospect Ave, Hartford, CT 06105
- $950,000
- 16
- BD
- 16
- BA
- 8,352
- SqFt
- Sold Price
- $950,000
- List Price
- $1,390,000
- Status
- CLOSED
- MLS#
- 24112928
- Closing Date
- Dec 23, 2025
- Year Built
- 1928
- Style
- Other
- Bedrooms
- 16
- Bathrooms
- 16
- Acres
- 0.21
- Living Area
- 8,352
- Neighborhood
- N/A
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.
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Additional Information
- Taxes
- $30,185
- Lot Size
- 9,147
- Heating
- Hot Water, Radiator(s)
- Cooling System Type
- None
- Water Source
- Public
- Basement
- Full, Unfinished
- Exterior Features
- Sidewalk, Deck, Lighting
- Garage Spaces
- 2
- Parking Spaces
- 14
- Elementary School
- Per Board of Ed
- Middle School
- Per Board of Ed
- High School
- Per Board of Ed
Mortgage Calculator
Listing courtesy of Stanley Gutt from Premier Re Group LLC. (860) 798-5400 (860) 335-0681
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