$1,599,999
UNDER CONTRACT

85 Prospect Hill Rd New Milford, CT 06776

New Milford Area

Estimated payment $10,100/month

Total Views 612
12 Beds
8 Baths
8,891 Sq Ft
$180 Price per Sq Ft

Highlights

  • Attic
  • Wrap Around Balcony
  • Baseboard Heating
  • Corner Lot
  • Property is near shops
  • Coin Laundry

About This Home

A rare investment opportunity and a chance to own a distinguished piece of New Milford history. This impressive 7 family Victorian, built in 1880, once served as the residence of John Pettibone, the esteemed Superintendent of the New Milford school system. Today, it offers strong income potential and timeless character for the astute investor. The property features five roomy two-bedroom units and two comfortable one-bedroom units, all currently rented. The interior hallways and individual apartments have been thoughtfully updated, breathing new life into this historic home while preserving its charm. Ideally situated close to downtown New Milford, the location provides convenience, walkability, and enduring appeal. An exceptional opportunity to expand your portfolio-schedule your tour today. Shared Interior hallways under video surveillance.

Listing Agent

Jennifer Pistone

Coldwell Banker Realty Brokerage Phone: (203) 768-5377 License #RES.0818335 Listed on: 08/01/2026

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,762

Year Built

  • Built in 1880

Lot Details

  • 20,909 Sq Ft Lot
  • Corner Lot

Parking

  • 10 Parking Spaces

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Walkup Attic

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Laundry in Basement

Schools

  • New Milford High School

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Electric Water Heater

Additional Features

  • Wrap Around Balcony
  • Property is near shops

Community Details

  • 7 Units
  • Coin Laundry
  • Gross Income $156,200

Listing and Financial Details

  • Assessor Parcel Number 1872254

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,762

Year Built

Built in 1880

Lot Details

0.48 Acres

Listing Details

  • Neighborhood: Prospect District
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 5818
  • Sq Ft Est Heated Below Grade: 3073
  • Total Sq Ft: 8891
  • Year Built: 1880
  • New Construction: No/Resale
  • Nearby Amenities: Health Club, Medical Facilities, Park, Shopping/Mall
  • Remarks Public Addendum: Shared Interior hallways under video surveillance.
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: GPS Friendly
  • Street Type: Road
  • Office Attribution Contact: (203) 438-9000
  • Reserve Prospect: No
  • Special Features: UnderContract

Interior Features

  • Total Bedrooms: 12
  • Total Bathrooms: 8
  • Full Bathrooms: 8
  • Attic Description: Walk-up
  • Basement Description: Full, Unfinished, Interior Access, Full With Hatchway
  • Laundry Room Location: Basement
  • Laundry Room Info: Coin Op Laundry
  • Attic: Yes

Exterior Features

  • Exterior Features: Wrap Around Deck
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Total Parking Spaces: 10
  • Garage And Parking: Paved, On Street Parking, Off Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil, Propane
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Electric, 50 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.48
  • Lot Description: Corner Lot
  • Flood Zone: No
  • Zoning: R8
  • Parcel #: 1872254

Multi Family

  • Gross Annual Income: 156200
  • Total Number Of Units: 7

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 15762

MLS Schools

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

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,225 $346,570 $68,880 $277,690
2024 $10,317 $346,570 $68,880 $277,690
2023 $10,044 $346,570 $68,880 $277,690
2022 $9,825 $346,570 $68,880 $277,690
2021 $9,694 $346,570 $68,880 $277,690
2020 $10,034 $349,860 $68,880 $280,980
2019 $10,041 $349,860 $68,880 $280,980
2018 $9,856 $349,860 $68,880 $280,980
2017 $9,534 $349,860 $68,880 $280,980
2016 $9,366 $349,860 $68,880 $280,980
2015 $8,623 $322,350 $56,350 $266,000
2014 $8,478 $322,350 $56,350 $266,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2026 08/01/26 For Sale $1,599,999 +56.1% $180 / Sq Ft
10/23/2023 10/23/23 Sold $1,025,000 -6.8% $176 / Sq Ft View Prior Sale
06/25/2023 06/25/23 For Sale $1,100,000 -- $189 / Sq Ft
Source: SmartMLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $1,025,000 None Available
Quit Claim Deed $160,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $155,000 Future Advance Clause Open End Mortgage
Open $768,750 Purchase Money Mortgage
Source: Public Records

Source: SmartMLS

MLS Number: 24192187

SmartMLS

APN: NMIL 003945

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