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.
Accepting backups
Price cut: $25K (6/8)
$599,900
481 Park Street, New Britain, CT 06051
8beds
3,986sqft
Multi Family
Built in 1885
-- sqft lot
$594,600 Zestimate®
$151/sqft
$-- HOA
What's special
Inviting front porchesBeautiful architectural characterWalk-out basementIn-unit washers and dryersFour spacious unitsNatural gas heating
- 35 days |
- 314 |
- 24 |
Zillow last checked:
Listing updated:
Listed by:
Tracy L. Molloy (860)573-8525,
Coldwell Banker Realty 860-633-3661
Source: Smart MLS,MLS#: 24179625
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: $151/sqft
- Tax assessed value: $258,020
- Annual tax amount: $10,109
- Date on market: 6/1/2026
Estimated market value
$594,600
$565,000 - $624,000
$1,668/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Price change | $599,900-4%$151/sqft |
Source:  Smart MLS #24179625 Report a problem | ||
| 6/1/2026 | Listed for sale | $624,900+150.1%$157/sqft |
Source: Smart MLS #24179625 Report a problem | ||
| 11/6/2006 | Sold | $249,900+37.3%$63/sqft |
Source: Public Record Report a problem | ||
| 9/13/2004 | Sold | $182,000$46/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $142,520 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 06051
Nearby schools
GreatSchools rating
- 4/10Smith Elementary SchoolGrades: K-5Distance: 0.6 mi
- 2/10Slade Middle SchoolGrades: 6-8Distance: 2.1 mi
- 1/10New Britain High SchoolGrades: 9-12Distance: 1.2 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Connecticut
- Hartford County
- New Britain
- 06051
- 481 Park Street
Nearby cities
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