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Sold for $623,500
  • $623,500

    481 Park Street, New Britain, CT 06051

    8beds
    3,986sqft
    Multi Family
    Built in 1885
    -- sqft lot
    $624,000 Zestimate®
    $156/sqft
    $1,778 Estimated rent

    Home value

    $624,000

    $574,000 - $674,000

    $1,778/mo

    Zestimate® history
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    $3,758/mo

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    What's special

    Inviting front porchesBeautiful architectural characterWalk-out basementIn-unit washers and dryersFour spacious unitsNatural gas heating
    Investment Opportunity with Timeless Character! This well-maintained 4-family property offers the perfect blend of charm, functionality, and income potential. Nestled on a quiet street, the home showcases beautiful architectural character, inviting front porches, and private entrances for each unit, creating a welcoming atmosphere and added privacy for residents. Each of the four spacious units features 2 bedrooms, 1 full bath, and the convenience of in-unit washers and dryers. The property is serviced by natural gas heating and offers separate utilities, making management more efficient and appealing to both owners and tenants. A rare 3-car garage provides valuable parking and storage options, additional rental income. The walk-out basement offers additional flexibility and utility. With strong rental demand, attractive amenities, and excellent income-producing potential, this property is an outstanding opportunity for investors or owner-occupants seeking long-term value in a desirable location. Currently one unit is owner occupied. All units are up to code.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tracy L. Molloy (860)573-8525,

    Coldwell Banker Realty 860-633-3661

    Bought with:

    Melissa Kiehl, RES.0802690

    KW Legacy Partners

    Source: Smart MLS,MLS#: 24179625MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Gas on Gas, Forced Air, Wall Unit, Natural Gas
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Gas Water Heater, Water Heater
    Features
    • Doors: Storm Door(s)
    • Windows: Thermopane Windows
    • Basement: Full,Concrete
    • Attic: Storage,Walk-up
    • Has fireplace: No
    Interior area
    • Total structure area: 3,986
    • Total interior livable area: 3,986 sqft
    • Finished area above ground: 3,986

    Property

    Parking
    • Total spaces: 8
    • Parking features: Detached, On Street, Driveway, Private
    • Garage spaces: 3
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Covered
    • Exterior features: Sidewalk, Stone Wall
    Lot
    • Size: 0.33 Acres
    • Features: Few Trees, Level
    Details
    • Parcel number: 648909
    • Zoning: T

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: 4updown - Unit(s) per Floor
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Vinyl Siding
    • Foundation: Brick/Mortar, Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1885

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    Green energy
    • Energy efficient items: Doors, Windows

    Community & HOA

    Community
    • Features: Near Public Transport, Golf, Shopping/Mall
    HOA
    • Has HOA: No
    Location
    • Region: New Britain

    Financial & listing details

    • Price per square foot: $156/sqft
    • Tax assessed value: $258,020
    • Annual tax amount: $10,109
    • Date on market: 6/1/2026

    Price history

    DateEventPrice
    8/7/2026Sold$623,500+3.9%$156/sqft
    Source: Smart MLS #24179625 Report a problem
    6/8/2026Price change$599,900-4%$151/sqft
    Source: Smart MLS #24179625 Report a problem
    6/1/2026Listed for sale$624,900+150.1%$157/sqft
    Source: Smart MLS #24179625 Report a problem
    11/6/2006Sold$249,900+37.3%$63/sqft
    Source: Public Record Report a problem
    9/13/2004Sold$182,000$46/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,109 -1%$258,020
    2024$10,215 +3.4%$258,020
    2023$9,877 +20.6%$258,020 +55.9%
    2022$8,191 $165,480
    2021$8,191 -2%$165,480
    2020$8,357 $165,480
    2019$8,357 $165,480
    2018$8,357 +16.1%$165,480 +16.1%
    2017$7,197 $142,520
    2016$7,197 +3.1%$142,520
    2015$6,983 $142,520
    Find assessor info on the county website

    Neighborhood: 06051

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: New Britain

    Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $624,000
    2% more
    +$12,480
    With Zillow Showcase(estimated)
    $636,480
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $624,000
    2% more
    +$12,480
    With Zillow Showcase(estimated)
    $636,480