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Sold for $950,000
  • $950,000

    478 Prospect Avenue, Hartford, CT 06105

    16beds
    8,352sqft
    Multi Family
    Built in 1928
    -- sqft lot
    $991,500 Zestimate®
    $114/sqft
    $1,683 Estimated rent

    Home value

    $991,500

    $902,000 - $1.09M

    $1,683/mo

    Zestimate® history
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    $1,683/mo

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    $1,683/mo

    Rent Zestimate®

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    $6,784/mo

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    $6,784/mo

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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Stanley Gutt (860)798-5400,

    Premier Re Group LLC 860-335-0681,

    Michelle Lorenzetti 860-335-0681,

    Premier Re Group LLC

    Bought with:

    Cody T. Huelsman, REB.0794592

    mygoodagent

    Source: Smart MLS,MLS#: 24112928MLS Logo

    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

    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 sqft
    • 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 & neighborhood

    Location
    • Region: Hartford

    Price history

    DateEventPrice
    12/23/2025Sold$950,000-31.7%$114/sqft
    Source: Smart MLS #24112928 Report a problem
    9/22/2025Pending sale$1,390,000$166/sqft
    Source: Smart MLS #24112928 Report a problem
    8/18/2025Listed for sale$1,390,000$166/sqft
    Source: Smart MLS #24112928 Report a problem
    8/13/2025Pending sale$1,390,000$166/sqft
    Source: Smart MLS #24112928 Report a problem
    7/23/2025Listed for sale$1,390,000$166/sqft
    Source: Smart MLS #24112928 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 06105

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
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    $991,500
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    +$19,830
    With Zillow Showcase(estimated)
    $1,011,330