12 beds8,891 sqft$180/sqft
85 Prospect Hill Rd, New Milford, CT 06776
Est: $9,446/moGet pre-approved

Description

A rare investment opportunity and a chance to own a distinguished piece of New Milford history. This impressive 7 family Victorian, built in 1880, once served as the residence of John Pettibone, the esteemed Superintendent of the New Milford school system. Today, it offers strong income potential and timeless character for the astute investor. The property features five roomy two-bedroom units and two comfortable one-bedroom units, all currently rented. The interior hallways and individual apartments...A rare investment opportunity and a chance to own a distinguished piece of New Milford history. This impressive 7 family Victorian, built in 1880, once served as the residence of John Pettibone, the esteemed Superintendent of the New Milford school system. Today, it offers strong income potential and timeless character for the astute investor. The property features five roomy two-bedroom units and two comfortable one-bedroom units, all currently rented. The interior hallways and individual apartments have been thoughtfully updated, breathing new life into this historic home while preserving its charm. Ideally situated close to downtown New Milford, the location provides convenience, walkability, and enduring appeal. An exceptional opportunity to expand your portfolio-schedule your tour today.
LISTING UPDATED: 08/09/2026 05:34 PM

Listing Agent

  1. Jennifer Pistone

    Jennifer Pistone

    Listing Agent

    Coldwell Banker Real Estate LLC

    P: (203)-768-5377

Property Details for 85 Prospect Hill Road

MLS #
24192187
Days on Market
8
Taxes
$15,762 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family / 5 Family+
Year Built
1880
Lot Size
0.48 AC / 20,908 SF
Basement Description
Full, Unfinished, Interior Access, Full With Hatchway
Direct Waterfront
No
Neighborhood
Prospect District
Style
Units on different Floors
Garage Parking Info
Paved, On Street Parking, Off Street Parking
Swimming Pool
No

Location

Add your commute

Building Information for 85 Prospect Hill Road

Stories-Residences7Year Built1880Building Size-Lot Size0.48 AC / 20,908 SF

Payment Calculator

$9,446 per month

30 year fixed, 6.55% Interest

Principal and Interest

$8,133

Property Taxes

$1,314

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 85 Prospect Hill Road

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: New Milford
  • Intermediate School: Per Board of Ed
  • Latitude: 41.572853
  • Longitude: -73.403514
  • Middle Jr High School: Per Board of Ed
  • Neighborhood Amenities: Health Club, Medical Facilities, Park, Shopping/Mall
  • State: Connecticut
Parking
  • Parking Total Spaces: 10
HOA and Fees
  • Home Owner's Assocation: No
  • Sewer Usage Fee Annual: $3,780
  • Tax Year: July 2025-June 2026
  • Property Tax: $15,762
Interior and Exterior Features
Exterior Features
  • Exterior Features: Wrap Around Deck
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Walk-up
  • Cooling System: None
  • Heat Type: Baseboard
  • Attic YN: Yes
  • Laundry Room Info: Coin Op Laundry
  • Laundry Room Location: Basement
  • Rooms Total: 26
Room 5
  • Listing Key: 56BFCBCB1EFF0A7AE063E201100A5DF1
Property
Property and Assessments
  • Color: Beige
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Fuel Tank Location: Above Ground
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1880
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Sq Ft Description: 5815
  • Sq Ft Est Heated Below Grade: 3073
Lot Information
  • Lot Description: Corner Lot
  • Parcel Number: 1872254
  • Sq Ft Est Heated Above Grade: 5818.0
  • Sq Ft Total: 8891.0
  • Zoning: R8
Utilities
  • Heat Fuel Type: Oil, Propane
  • Hot Water Description: Electric, 50 Gallon Tank
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 42221
  • Gross Annual Income: 156200
  • Net Operating Income: $113,979
  • Occupied By: Tenant
  • Total Number of Units: 7
  • Total Rooms Multi Family: 26
Unit 1
  • Lease: Leased
  • Lease Expires: 04-30-2027
  • Unit Entry Order: 7
  • Unit Full Baths: 2
  • Unit Modified Date: 08-03-2026
  • Unit Monthly Rent: $2,150
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 2
  • Lease: Leased
  • Lease Expires: 06-30-2027
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 08-03-2026
  • Unit Monthly Rent: $1,750
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 3
  • Lease: Leased
  • Lease Expires: 07-31-2027
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 08-03-2026
  • Unit Monthly Rent: $1,600
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
Unit 4
  • Lease: Leased
  • Lease Expires: 04-30-2027
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Modified Date: 08-03-2026
  • Unit Monthly Rent: $1,950
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 5
  • Lease: Leased
  • Lease Expires: 03-31-2027
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 08-03-2026
  • Unit Monthly Rent: $1,850
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 6
  • Lease: Leased
  • Lease Expires: 04-30-2027
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 08-03-2026
  • Unit Monthly Rent: $1,875
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 7
  • Lease: Leased
  • Lease Expires: 10-31-2026
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 08-03-2026
  • Unit Monthly Rent: $1,600
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3

Property History for 85 Prospect Hill Road

DateEvent & SourcePriceAppreciation
Oct 23, 2023

Closed (Public Record)

Public Record #1521130506

$1,025,000

+7.0% / yr

Mar 28, 1996

Closed (Public Record)

Public Record #91887411

$160,000
DateEvent & SourcePrice
10/23/2023

Closed (Public Record)

Public Record #1521130506

$1,025,000

+7.0% / yr

03/28/1996

Closed (Public Record)

Public Record #91887411

$160,000

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

Public Records for 85 Prospect Hill Road

Taxable ValueLand$68,880Additions$277,690Total$346,570
Tax Record2025$17,225 ($1,435 / month)
Home Facts
Baths7Total Finished SqFt5,815 SqFtAbove Grade Finished SqFt5,815 SqFtUnfinished Basement SqFt3,073 SqFtStories2Lot Size20,909 SqFtStyleMulti-Family Res (5+ Units)Year Built1880Year Renovated1880ZoningR8CountyWESTERN CONNECTICUTAPNNMIL M:29-3 L:86

Schools near 85 Prospect Hill Road

This home is within New Milford School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Hill And Plain School
PublicPK to 2

Sarah Noble Intermediate School
Public3 to 5

Schaghticoke Middle School
Public6 to 8

New Milford High School
Public9 to 12

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.

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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.

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.