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$449,900
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Property Description
Don't miss this exceptional opportunity to acquire a fully occupied three-family Colonial in Torrington. This income-producing property has been meticulously maintained and offers investors immediate cash flow with stable tenancy already in place. The property features three well-appointed residential units, each offering 2 bedrooms and 1 full bathroom, providing a highly desirable layout for tenants, as well as off-street parking. Current gross rental income totals $4,150 per month, delivering consistent revenue from day one. Pride of ownership is evident throughout this well-cared-for property, making it an ideal addition to an investment portfolio or a great option for an owner-investor seeking a low-maintenance asset. With strong rental demand for multi-family housing and a proven income history, this property presents an excellent opportunity to generate reliable returns. Conveniently located near shopping, dining, banks, schools, parks, and major commuter routes, 524 Prospect Street offers both tenant appeal and long-term investment potential.
Full Property Details
Full Property Details for 524 Prospect St
General
- Sold For: $449,900
- Taxes: (July 2026-June 2027)
- Status: Closed
- Type: Multi-Family
- Source: SMARTMLS
- MLS ID: 24179633
- Added to Site: 93 day(s) ago
Interior
- Number of Rooms: 14
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Common Laundry Area, Hook-Up In Unit 2
Exterior
- Exterior Features: Porch
Parking
- Total Spaces: 6
- Parking: Off Street Parking, Assigned Parking
Location
- County: Litchfield
- Driving Directions: GPS compatible. East Elm St. (Route 4) to Columbus Rd. to East Pearl St. to Prospect St.
School Information
- Elementary School: Per Board of Ed
- High School: Per Board of Ed
Heating & Cooling
- Cooling Type: Central Air, Window Unit
- Heating Type: Hot Water, Natural Gas, Oil
- Heating Fuel: Natural Gas, Oil
- Water Heater: Natural Gas, Oil, Domestic
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
Structural Information
- Architectural Style: Units on different Floors
- Construction Status: No/Resale
- Exterior Const.: Vinyl Siding
- Basement Desc.: Full
- Roof: Asphalt Shingle
- Square Feet: 2,993
- Above Ground: 2,993 Sq. Ft.
- Year Built: 1910
Unit Information
Unit 1
- Square Feet: 1000
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Square Feet: 1000
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Square Feet: 800
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.15
- Zoning: R6
- Lot Description: Level Lot
Financial Considerations
- Annual Sewer Fee: $1,380
- Assessment Amount: $232,540
- Tax Year: July 2026-June 2027
Disclosures and Reports
- Property ID: 885727
Listed and Sold by Berkshire Hathaway NE Prop., Jacqueline Ruppert
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Schools
Schools serving 524 Prospect St
School District:Torrington School District
| Name | Grades | Distance |
|---|---|---|
Forbes School 500 Migeon Avenue, Torrington, CT 06790 | 4-5 | 0.6 mi |
Torringford School 800 Charles Street, Torrington, CT 06790 | K-3 | 1.7 mi |
Torrington Middle School 200 Middle School Drive, Torrington, CT 06790 | 6-8 | 3.2 mi |
Torrington High School 50 Major Besse Drive, Torrington, CT 06790 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 524 Prospect St
Date
Details
Price
Change
Source
8/13/2026
Sold
$449,900
—
MLS
6/14/2026
Listed
$449,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
524 Prospect Street, Torrington, CT 06790 (MLS# 24179633) is a Multi-Family property that was sold at $449,900 on August 13, 2026. Want to learn more about 524 Prospect Street? Do you have questions about finding other Multi-Family real estate for sale in Torrington? You can browse all Torrington real estate or contact a Coldwell Banker agent to request more information.

