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For sale
  • $1,390,000

    478 Prospect Avenue, Hartford, CT 06105

    16beds
    8,352sqft
    : 
    Multi Family
    Built in 1928
    -- sqft lot
    $1,338,200 Zestimate®
    $166/sqft
    $-- HOA

    What's special

    Spacious interiorsBrick building
    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.
    19 days
    on Zillow
    |
    1,500
    |
    73
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 28, 2025 at 06:11pm

    Listed by:

    Stanley Gutt,

    Premier Re Group LLC,

    Michelle Lorenzetti,

    Premier Re Group LLC

    Source: Smart MLS,MLS#: 24112928MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 478 Prospect Avenue.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 16
    • Full bathrooms: 16
    Heating
    • Hot Water, Radiator, Natural Gas
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater, Water Heater
    • Laundry: In Basement
    Features
    • Basement: Full,Unfinished
    • Attic: None
    • Has fireplace: No
    Interior area
    • Total structure area: 8,352
    • Total interior livable area: 8,352 sqft
    • Finished area above ground: 8,352
    Video & virtual tour

    Property

    Parking
    • Total spaces: 14
    • Parking features: Detached, Parking Lot, On Street, Off Street
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Deck
    • Exterior features: Sidewalk, Rain Gutters, Lighting
    Lot
    • Size: 9,147.6 Square Feet
    • Features: Level
    Details
    • Parcel number: 598461
    • Zoning: N2-2

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Brick/Mortar, Concrete Perimeter
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1928

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Hartford

    Financial & listing details

    • Price per square foot: $166/sqft
    • Tax assessed value: $437,780
    • Annual tax amount: $30,185
    • Date on market: 7/23/2025
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