524 Prospect Street
Torrington, Connecticut 06790
- Beds
- 6
- Baths
- 3
- SqFt
- 2,993
- Acres
- 0.15
- Year Built
- 1910
- Property Type
- 3 Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
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.
Key Facts
- City/Town
- Torrington
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1910
- Days on Market
- 59 days
- Beds
- 6
- Baths
- 3 full
- Living Area
- 2,993 sq ft
- Lot Size
- 0.15 acres
- Garage / Parking
- 6 total
- Property Taxes
- $7,780 / Annually
Market Snapshot
The Torrington Market
Multi-Family · trailing 12 months
Active Listings
15
19 under contract
Median List Price
$389,000
15 active listings
Median Closed Price
$340,000
93 sales
Median Days on Market
20
15 active listings
Median $ / Sq Ft
$154
15 active listings
Sale-to-List Ratio
100.6%
93 sales
How this home compares
List Price
$449,900
vs $389,000 median
15.7% above median
Price / Sq Ft
$150
vs $154 median
In line with median
Days on Market
59 days
vs 20 days median
39 days longer than median
Based on 15 active and 93 closed sales (trailing 12 mo) of multi-family in Torrington. Source: SmartMLS · As of July 29, 2026.
Location
524 Prospect Street, Torrington, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$2,294
- Property Taxes$648
- Insurance$150
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Torrington
- Neighborhood
- N/A
- County
- Litchfield
Residence
- Property Type
- Multi-Family
- Subtype
- 3 Family
- Style
- Units on different Floors
- Year Built
- 1910
- New Construction
- No/Resale
- Living Area
- 2,993 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Hot Water
- Heat Fuel
- Natural GasOil
- Cooling
- Central AirWindow Unit
- Laundry
- Common Laundry AreaHook-Up In Unit 2
- Laundry Location
- Common laundry area located in basement
- Basement
- Full
Exterior & Lot
- Lot Size
- 0.15 acres
- Zoning
- R6
- Garage / Parking
- 6 total parking spacesOff Street ParkingAssigned Parking
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Exterior Features
- Porch
- Lot Description
- Level Lot
Listing & Financials
- Property Taxes
- $7,780 / Annually
- Days on Market
- 59
- MLS #
- 24179633
- MLS Status
- Under Contract - Continue to Show
Similar Properties
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 7/29/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 7/29/2026 at 11:01 AM UTC.