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Nine-Unit Multifamily Property
For Sale
$1,300,000
Pending

60-66 Prospect St, New Britain, CT 06051

Three-building rental portfolio with updated systems, individual utility metering, and a mix of one- to four-bedroom units.

Property Size8,597 SF
Days on Market50

Property Features for 60-66 Prospect St

General Information

Standard status Pending
Size 8,597 SF
Total Parking Spaces 12
Property subtype Multi Family

Site & Location

Public Transit Yes
Utilities to Site Yes

Additional Details

Gross Income $160,000
Multifamily Units 9

Building Details

Building Size 8,597 SF
Year Built 1920
Buildings 3
Listing Agency: William Raveis Real Estate
Listed By: Lisa C. Sadinsky · License #RES.0793214
Source: Elliman
Added: Sep 15 Changed: Oct 26 Last Checked: Nov 1 at 6:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Raveis Real Estate

Rey
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Investment Insights

Based on property information with market context.

This multifamily portfolio includes 9 rental units across three buildings on two adjacent tax parcels: a 4-unit building at 60 Prospect, a 2-unit building at 64 Prospect, and a 3-unit building at 66 Prospect. Unit layouts range from 1-bedroom to 4-bedroom apartments. One rear-building vacancy at 64 Prospect offers flexibility for owner occupancy, an on-site superintendent, or a new tenant. All three buildings were constructed in 1920 and feature vinyl replacement windows plus updated electrical, heating, and plumbing systems. Individual utility meters serve every unit.

The property is adjacent to Walnut Hill Park and Hospital of Central CT, with walkable access to downtown Main St and CT fastrak busrail. The site includes 12 assigned parking spaces along with additional unassigned spaces. A separate keypad entrance at the 60 Prospect basement provides access to an area identified for potential coin-operated laundry installation. The property also carries an Enterprise Zone designation and records a walk score of 81, bike score of 51, and transit score of 56.

Key Highlights

  • 9 rental units across 3 buildings on two adjacent tax parcels
  • Unit mix ranges from 1‑bedroom to 4‑bedroom apartments
  • 60 Prospect: 4‑family; 64 Prospect: 2‑family; 66 Prospect: 3‑family

Property Analytics

Lease Details

9
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,281
Businesses Nearby

Demographics for 06051, CT

31,134
Population
13,798
Households
2.3
Avg Household Size
34
Median Age
10%
College-Educated
75%
High-School Grad
4.1 sq mi
ZIP Area
7,594
Density / Sq Mi
$48,682
Median Household Income
$32,768
Median Earnings
$1,100
Median Rent
$198,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Three-building rental portfolio with updated systems, individual utility metering, and a mix of one- to four-bedroom units.
Where is this multifamily property located?
The property is located at 60-66 Prospect St New Britain, CT.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 9 rental units across 3 buildings on two adjacent tax parcels; Unit mix ranges from 1‑bedroom to 4‑bedroom apartments; 60 Prospect: 4‑family; 64 Prospect: 2‑family; 66 Prospect: 3‑family
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