524 Prospect St

2,993 Sq. Ft.
$150 / Sq. Ft.
2,993
Sq. Ft.
$150
per Sq. Ft.

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...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. Professional photos coming soon.
  1. Listed by Jacqueline Ruppert • Berkshire Hathaway NE Prop.
    P: (203)-510-6403 C: (203)-510-6403 jacquelineruppert@bhhsne.com

Property Details for 524 Prospect Street

Basement Description
Full
Direct Waterfront
No
Expected Active Date
06-14-2026
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
Off Street Parking, Assigned Parking
Swimming Pool
No
Expected On Market Date
06-14-2026
LISTING UPDATED: 06/04/2026 07:41 PM

Property Details for 524 Prospect Street

StatusComing Soon
MLS #24179633
Days on Market-
Taxes$7,780 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / 3 Family
Year Built1910
Lot Size0.15 AC / 6,534 SF
CountyLitchfield County

Location

Listing Courtesy of Berkshire Hathaway NE Prop., Jacqueline Ruppert
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Building Information for 524 Prospect Street

Stories-Residences3Year Built1910Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$2,890 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,242

Property Taxes

$648

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 524 Prospect Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS compatible. East Elm St. (Route 4) to Columbus Rd. to East Pearl St. to Prospect St.
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.808114
  • Longitude: -73.122286
  • Neighborhood Amenities: Commuter Bus, Library, Medical Facilities, Park, Public Pool, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • State: Connecticut
Parking
  • Parking Total Spaces: 6
HOA and Fees
  • Home Owner's Assocation: No
  • Sewer Usage Fee Annual: $1,380
  • Tax Year: July 2025-June 2026
  • Property Tax: $7,780
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: Central Air, Window Unit
  • Heat Type: Hot Water
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: Common Laundry Area, Hook-Up In Unit 2
  • Laundry Room Location: Common laundry area located in basement
  • Rooms Total: 14
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1910
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 2993
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 885727
  • Sq Ft Est Heated Above Grade: 2993.0
  • Sq Ft Total: 2993.0
  • Zoning: R6
Utilities
  • Heat Fuel Type: Natural Gas, Oil
  • Hot Water Description: Natural Gas, Oil, Domestic
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Income: 49800
  • Occupied By: Tenant
  • Total Number of Units: 3
  • Total Rooms Multi Family: 14
Unit 1
  • Lease: Leased
  • Lease Expires: 04-30-2027
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 1000
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 06-04-2026
  • Unit Monthly Rent: $1,500
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 10-31-2026
  • Unit Appliances: Oven/Range,Refrigerator,Washer,Dryer
  • Unit Average Sq Ft: 1000
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 06-04-2026
  • Unit Monthly Rent: $1,450
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Lease Expires: 10-31-2026
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 800
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 06-04-2026
  • Unit Monthly Rent: $1,200
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant

Property History for 524 Prospect Street

DateEvent & SourcePriceAppreciation
May 10, 2023

Closed (Public Record)

Public Record #1511306601

$347,000

+35.3% / yr

Jul 14, 2021

Closed (Public Record)

Public Record #1467263893

$200,000—
DateEvent & SourcePrice
05/10/2023

Closed (Public Record)

Public Record #1511306601

$347,000

+35.3% / yr

07/14/2021

Closed (Public Record)

Public Record #1467263893

$200,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 524 Prospect Street

Taxable ValueLand$20,160Additions$212,380Total$232,540
Tax Record2024$8,941 ($745 / month)
Home Facts
Baths3Total Finished SqFt2,993 SqFtAbove Grade Finished SqFt2,993 SqFtUnfinished Basement SqFt1,247 SqFtStories2Lot Size6,534 SqFtStyleTriplexYear Built1910ZoningR6CountyNORTHWEST HILLSAPNTORR M:118 B:011 L:010

Schools near 524 Prospect Street

This home is within Torrington School District.
Rating
School
Type
Grades
Distance
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 3
Rating
School
Distance
Abc / Torringford
Public2 to 5

Torrington Middle School
Public6 to 8

Torrington High School
Public9 to 12

Torringford School
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

524 Prospect Street is a multi-family home Coming Soon in Torrington, CT 06790. This property is currently priced at $449,900. This listing's school district is Torrington School District. Nearby schools include Abc / Torringford, Torrington Middle School and Torrington High School. 524 Prospect Street is a 6-bed, 3-bath, 2,993 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway NE Prop., Jacqueline Ruppert

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.