1. Connecticut
  2. Hartford
  3. 478 Prospect Avenue
$1,390,000

478 Prospect Avenue, Hartford, CT 06105

  • 16 beds |
  • 16 baths |
  • 8,352 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1928
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $166/sqft
  • Property List Date Icon Listed 10 days ago

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.

Listing Status:
Active
Date Added:
July 23, 2025 at 04:36AM
Listing Office:
Premier Re Group LLC : (860) 335-0681
Listing Agent:
Stanley Gutt : (860) 798-5400
MLS ID:
24112928
  • Laundry: Basement Hook-Up(s)
  • Basement: FullUnfinished
  • A/C: None
  • Heating: Hot WaterRadiatorNatural Gas
  • Fireplace: Fireplaces: 0

This listing courtesy of Stanley Gutt, Premier Re Group LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Parkville Community School

47 New Park Ave, Hartford, CT, 06106

Grades PK-5

0.52 miles away

W

Webster Micro Society Magnet School

5 Cone St, Hartford, CT, 06105

Grades PK-8

0.53 miles away

H

Hartford Public High School

55 Forest St, Hartford, CT, 06105

Grades 9-12

0.76 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.