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    60 Prospect St New Britain, CT 06051

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    For Sale
    $1,400,000

    Nine units near Walnut Hill Park, downtown, and CT Fastrak.

    Lot size:
    0.27 Acres

    Property Features for 60 Prospect St

    General Information

    Lot size
    0.27 Acres

    Building Details

    Year built
    1920

    Source: William Raveis Real Estate Agent Lisa C. Sadinsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Nine-Unit Multifamily Investment Opportunity

    This offering includes three buildings located on two adjacent tax parcels, providing a total of nine rental units. The buildings are located at 60 Prospect Street (4 units), 64 Prospect Street (2 units), and 66 Prospect Street (3 units). The property is situated adjacent to Walnut Hill Park and the Hospital of Central CT, with an easy walk to downtown Main Street and the CT Fastrak bus rail. The annual gross rents for 2025 are projected to be $160,000. All three buildings feature vinyl replacement windows and updated electrical, heating, and plumbing systems. Each unit has individual utility meters. The lot includes assigned parking spaces for 12 cars, with additional unassigned spaces available. The basement of the 60 Prospect Street building has a separate keypad entrance, offering potential for coin-operated laundry installation.
    Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Britain
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7834708
    Latitude
    41.6637401

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    FAQs

    What type of property is this?
    Apartment building - Nine units near Walnut Hill Park, downtown, and CT Fastrak.
    Where is this apartment building located?
    The property is located at 60 Prospect St New Britain, CT.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - High annual gross rents: $160,000 projected for 2025, indicating strong income potential.; - Nine total rental units across three buildings offer diversified income streams.; - Prime location adjacent to Walnut Hill Park and Hospital of Central CT, with easy access to downtown and public transportation.
    (860) 836-6282
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    60 Prospect St New Britain, CT 06051
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    New Britain, CT 06051
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    60 Prospect St New Britain, CT 06051
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