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.
Sold for $950,000
Zillow last checked:
Listing updated:
Bought with:
Cody T. Huelsman, REB.0794592
mygoodagent
Source: Smart MLS,MLS#: 24112928
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Sold | $950,000-31.7%$114/sqft |
Source:  Smart MLS #24112928 Report a problem | ||
| 9/22/2025 | Pending sale | $1,390,000$166/sqft |
Source: Smart MLS #24112928 Report a problem | ||
| 8/18/2025 | Listed for sale | $1,390,000$166/sqft |
Source: Smart MLS #24112928 Report a problem | ||
| 8/13/2025 | Pending sale | $1,390,000$166/sqft |
Source: Smart MLS #24112928 Report a problem | ||
| 7/23/2025 | Listed for sale | $1,390,000$166/sqft |
Source: Smart MLS #24112928 Report a problem | ||
Sell for more on Zillow
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$977,900
2% more
+$19,558
With Zillow Showcase(estimated)
$997,458
