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.
For sale
$1,390,000
478 Prospect Avenue, Hartford, CT 06105
16beds
8,352sqft
Est.:
Multi Family
Built in 1928
-- sqft lot
$1,338,200 Zestimate®
$166/sqft
$-- HOA
What's special
Spacious interiorsBrick building
- 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#: 24112928

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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