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Property Description
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.
Full Property Details
Full Property Details for 478 Prospect Ave
General
- Sold For: $950,000
- Taxes: (July 2025-June 2026)
- Status: Closed
- Type: Multi-Family
- Source: SMARTMLS
- MLS ID: 24112928
- Added to Site: 222 day(s) ago
Interior
- Number of Rooms: 46
Rooms
Bathrooms
- Total Bathrooms: 16
- Full Bathrooms: 16
Bedrooms
- Total Bedrooms: 16
Other Rooms
- Laundry: Basement Hook-Up(s)
Exterior
- Exterior Features: Sidewalk, Deck, Gutters, Lighting
- Color: Brick
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 14
- Parking: Detached Garage, Parking Lot, On Street Parking, Off Street Parking
Location
- County: Hartford
- Driving Directions: GPS FRIENDLY
School Information
- Elementary School: Per Board of Ed
- Middle School: Per Board of Ed
- Intermediate School: Per Board of Ed
- High School: Per Board of Ed
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Radiator, Natural Gas
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas, Domestic
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
Structural Information
- Architectural Style: Other
- Construction Status: No/Resale
- Exterior Const.: Brick
- Basement Desc.: Full, Unfinished
- Roof: Flat
- Square Feet: 8,352
- Above Ground: 8,352 Sq. Ft.
- Year Built: 1928
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 3
Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Full Bathrooms: 1
- Bedrooms: 1
Unit 8
- Total Bathrooms: 1
- Full Bathrooms: 1
- Bedrooms: 1
Unit 9
- Total Bathrooms: 1
- Full Bathrooms: 1
- Bedrooms: 1
Unit 10
- Bedrooms: 1
Unit 11
- Bedrooms: 1
Unit 12
- Bedrooms: 1
Unit 13
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.21
- Zoning: N2-2
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $437,780
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Property ID: 598461
Listed by Premier Re Group LLC, Stanley Gutt and Premier Re Group LLC, Michelle Lorenzetti
Sold by Mygoodagent, Cody Huelsman
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Schools
Schools serving 478 Prospect Ave
School District:Hartford School District
| Name | Grades | Distance |
|---|---|---|
Parkville Community School 47 New Park Avenue, Hartford, CT 06106 | PK-5 | 0.5 mi |
Burns Latino Studies Academy 195 Putnam Street, Hartford, CT 06106 | PK-8 | 1.2 mi |
Sanchez School 176 Babcock Street, Hartford, CT 06106 | PK-5 | 1.4 mi |
McDonough School 111 Hillside Avenue, Hartford, CT 06106 | 6-8 | 1.2 mi |
Hphs Law And Government Academy 55 Forest Street, Hartford, CT 06105 | 9-12 | 0.7 mi |
Hphs Nursing Academy 55 Forest Street, Hartford, CT 06105 | 9-12 | 0.7 mi |
Hphs Academy Of Engineering And Green Technology 55 Forest Street, Hartford, CT 06105 | 9-12 | 0.7 mi |
Kennelly School 180 White Street, Hartford, CT 06114 | PK-8 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 478 Prospect Ave
Date
Details
Price
Change
Source
12/23/2025
Sold
$950,000
-31.65%
MLS
7/23/2025
Listed
$1,390,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
478 Prospect Avenue, Hartford, CT 06105 (MLS# 24112928) is a Multi-Family property that was sold at $950,000 on December 23, 2025. Want to learn more about 478 Prospect Avenue? Do you have questions about finding other Multi-Family real estate for sale in Hartford? You can browse all Hartford real estate or contact a Coldwell Banker agent to request more information.

