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Residential Income Property
New
For Sale
$1,599,999

85 Prospect Hill Road, New Milford, CT 06776

Historic income property with multi-floor unit placement and paved parking options.

Property Size8,891 SF
Price / SF$179.96
Days on Market6

Property Features for 85 Prospect Hill Road

General Information

Standard status Active
Size 8,891 SF
Total Parking Spaces 10
Property subtype Residential Income
Zoning R8
Net Operating Income $113,979

Taxes and HOA fees

Annual Taxes $15,762

Amenities

Oil, Propane, Baseboard
Full, Unfinished
Electric Water Heater
Off Street, On Street, Paved
Units on different Floors

Building Details

Building Size 8,891 SF
Year Built 1880
Listing Agency:
Listed By: Jennifer Pistone
Source: Evrealestate
Added: Aug 3 Changed: Aug 8 Last Checked: Aug 8 at 6:39AM

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 Jennifer Pistone

Investment Insights

Based on property information with market context.

This residential income property dates to 1880 and is situated at 85 Prospect Hill Road in New Milford, Connecticut. Units are arranged on different floors, with off-street and on-street paved parking available. Interior features include baseboard heating powered by oil or propane, an electric water heater, and a full unfinished basement. The property is identified with R8 zoning and falls within Litchfield County.

Key Highlights

  • 1880 construction date
  • R8 zoning
  • Units positioned on different floors

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Grocery & Convenience Store Electrical Service HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

738
Businesses Nearby

Demographics for 06776, CT

26,848
Population
11,120
Households
2.4
Avg Household Size
44
Median Age
41%
College-Educated
95%
High-School Grad
56.2 sq mi
ZIP Area
478
Density / Sq Mi
$102,240
Median Household Income
$50,407
Median Earnings
$1,598
Median Rent
$380,800
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential income property - Historic income property with multi-floor unit placement and paved parking options.
Where is this residential income property located?
The property is located at 85 Prospect Hill Road New Milford, CT.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: 1880 construction date; R8 zoning; Units positioned on different floors
More about this property
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