Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    63 Prospect Avenue Killingly, CT 06239

    View on Map
    Claim this Listing
    For Sale
    $259,900

    MULTI_FAMILY - Killingly, CT

    Property size:
    2,004 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $129/SF
    Added:
    Apr 19, 2026
    Days on Market:
    9
    Last Refresh:
    Apr 27 at 4:06 am

    Property Features for 63 Prospect Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RMD
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 4, Bathroom 2, Basement, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 3
    Basement
    Full
    Standard status
    Active
    Size
    2,004 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    3245

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Year built
    1915

    We can help!

    Listing Contact
    Christine Johnson
    Christine Johnson

    Listing agent Christine Johnson License #RES.0764118

    Listing office RE/MAX One 212 Route 32, Waterford, CT

    Listing date Apr 19, 2026

    MLS# 24167359 Listing URL

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Killingly Multifamily Property For Sale

    This multifamily property in Killingly, CT, features two units, each with 3 bedrooms. Tenants are responsible for their electric bills. The property operates on a month-to-month lease basis and benefits from low taxes. City water and sewer services are provided. The building includes a full basement with a stone foundation and a storage area for the owner. The lot size is 0.18 acres. The property size is 2004 square feet. The zoning is RMD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Killingly
    County
    Windham
    State
    Connecticut
    Longitude
    -71.88832
    Latitude
    41.807385

    Nearby Similar for Sale

    • $550,000

      Killingly Commercial Building on 3+ Acres

      Spacious commercial building on 3+ acres with flexible workspace.
      68 Shepard Hill Road, Killingly, CT 06239
      View Details
    • $299,900
      1,560 SF

      Killingly Multi-Family Property For Sale

      Two-family property in Killingly, CT with updated features.
      71 Pineville Road, Killingly, CT 06241
      View Details
    • $450,000

      Killingly Mixed-Use Redevelopment Opportunity

      Mixed-use building in prime location with redevelopment potential.
      444 Hartford Pike, Killingly, CT 06241
      View Details
    • $949,900
      10,980 SF

      Mixed-Use Opportunity in Downtown Danielson

      Mixed-use property with ample parking and updated features.
      113 School Street, Killingly, CT 06239
      View Details
    • $895,000
      3,322 SF

      Former Church with Function Hall

      Former church with function hall, restaurant, house, and barn.
      350 Hartford Pike, Killingly, CT 06241
      View Details
    • $595,000
      4,765 SF

      Killingly Gas Station/Retail Opportunity

      Gas station/retail location off I-395 in Killingly, CT.
      124 Westcott Road, Killingly, CT 06239
      View Details
    • $399,999
      3,743 SF

      Historic Downtown Corner Property

      Showpiece property with historic character and updated amenities.
      181 Main Street, Killingly, CT 06239
      View Details
    • $499,900
      13,050 SF

      Versatile Commercial Building with Parking

      Commercial building in Danielson with storefronts and expansion potential.
      162 Main Street, Killingly, CT 06239
      View Details
    • $299,900

      Yankee Airstrip Aviation Opportunity

      Licensed private landing area with 1700 ft. turf runway.
      1450 North Road, Killingly, CT 06241
      View Details
    • $199,900
      1,729 SF

      Craftsman Two-Family Home Opportunity

      Charming Craftsman two-family home with investment and value-add potential.
      18 Palmer Street, Killingly, CT 06239
      View Details
    • $199,900
      1,729 SF

      Craftsman Two-Family Home Opportunity

      Charming Craftsman two-family home with investment potential.
      18 Palmer Street, Killingly, CT 06239
      View Details
    • $349,000

      Yankee Airstrip Aviation Opportunity

      Licensed private landing area with 1700 ft. turf runway.
      1450 North Road, Killingly, CT 06241
      View Details

    FAQs

    What type of property is this?
    Duplex - Multifamily property with strong rental income potential in Killingly, CT.
    Where is this duplex located?
    The property is located at 63 Prospect Avenue Killingly, CT.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: Excellent rental income potential.; Tenants pay their own electric bills.; Low property taxes.
    (860) 803-5915
    We can help!
    Listing Contact
    Christine Johnson
    Christine Johnson
    Real Estate License ID: RES.0764118
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!