$1,390,000
PENDING

478 Prospect Ave Hartford, CT 06105

West End Neighborhood

Estimated payment $9,856/month

Total Views 11,217
16 Beds
16 Baths
8,352 Sq Ft
$166 Price per Sq Ft

Highlights

  • Deck
  • Hot Water Heating System
  • Level Lot
  • Hot Water Circulator

About This Home

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 Agent

Stanley Gutt

Premier Re Group LLC Brokerage Phone: (860) 798-5400 License #REB.0287070 Listed on: 07/23/2025

Co-Listing Agent

Michelle Lorenzetti

Premier Re Group LLC Brokerage Phone: (860) 798-5400 License #REB.0789938

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,185

Year Built

  • Built in 1928

Lot Details

  • 9,148 Sq Ft Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Concrete Foundation
  • Flat Tile Roof
  • Concrete Siding
  • Masonry Siding

Interior Spaces

  • 8,352 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Full Bathrooms

Parking

  • 2 Car Garage
  • Parking Deck

Outdoor Features

  • Deck
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Radiator
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Hot Water Circulator

Community Details

  • 16 Units
  • Gross Income $179,750

Listing and Financial Details

  • Assessor Parcel Number 598461

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,185

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Other
  • Sq Ft Est Heated Above Grade: 8352
  • Total Sq Ft: 8352
  • Year Built: 1928
  • New Construction: No/Resale
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Directions: GPS FRIENDLY
  • Financing Used: Conventional Fixed
  • Street Type: Avenue
  • Office Attribution Contact: (860) 335-0681
  • Reserve Prospect: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 16
  • Total Bathrooms: 16
  • Full Bathrooms: 16
  • Basement Description: Full, Unfinished
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No

Exterior Features

  • Exterior Features: Sidewalk, Deck, Gutters, Lighting
  • Exterior Siding: Brick
  • Foundation Type: Brick, Concrete
  • Roof Information: Flat
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Brick, Concrete

Garage/Parking

  • Garages Number: 2
  • Total Parking Spaces: 14
  • Garage And Parking: Detached Garage, Parking Lot, On Street Parking, Off Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Hot Water, Radiator
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas, Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.21
  • Lot Description: Level Lot
  • Zoning: N2-2
  • Parcel #: 598461

Multi Family

  • Gross Annual Income: 179750
  • Total Number Of Units: 16

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 30185

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Per Board of Ed

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2025 09/22/25 Pending -- -- --
08/18/2025 08/18/25 For Sale $1,390,000 0.0% $166 / Sq Ft
08/13/2025 08/13/25 Pending -- -- --
07/23/2025 07/23/25 For Sale $1,390,000 0.0% $166 / Sq Ft
09/26/2012 09/26/12 Rented $875 0.0% --
09/24/2012 09/24/12 Under Contract -- -- --
08/24/2012 08/24/12 For Rent $875 -- --
Source: SmartMLS

Source: SmartMLS

MLS Number: 24112928

SmartMLS
Connecticut Hartford County Hartford 06105 West End

478 Prospect Ave, Hartford, CT

Pending

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Nearby Homes
Listing Agent
Stanley Gutt
Section Image
Premier Re Group LLC
(860) 329-8091