481 Park Street
New Britain, Connecticut 06051
Reduced from $624,900
- Beds
- 8
- Baths
- 4
- SqFt
- 3,986
- Acres
- 0.33
- Year Built
- 1885
- Property Type
- 4 Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
Investment Opportunity with Timeless Character! This well-maintained 4-family property offers the perfect blend of charm, functionality, and income potential. Nestled on a quiet street, the home showcases beautiful architectural character, inviting front porches, and private entrances for each unit, creating a welcoming atmosphere and added privacy for residents. Each of the four spacious units features 2 bedrooms, 1 full bath, and the convenience of in-unit washers and dryers. The property is serviced by natural gas heating and offers separate utilities, making management more efficient and appealing to both owners and tenants. A rare 3-car garage provides valuable parking and storage options, additional rental income. The walk-out basement offers additional flexibility and utility. With strong rental demand, attractive amenities, and excellent income-producing potential, this property is an outstanding opportunity for investors or owner-occupants seeking long-term value in a desirable location. Currently one unit is owner occupied. All units are up to code.
Key Facts
- City/Town
- New Britain
- Neighborhood
- N/A
- Property / Style
- Multi-Family · 4updown - Unit(s) per Floor
- Year Built
- 1885
- Days on Market
- 56 days
- Beds
- 8
- Baths
- 4 full
- Living Area
- 3,986 sq ft
- Lot Size
- 0.33 acres
- Garage / Parking
- 3 garage · 8 total
- Property Taxes
- $10,109 / Annually
Market Snapshot
The New Britain Market
Multi-Family · trailing 12 months
Active Listings
21
42 under contract
Median List Price
$479,999
21 active listings
Median Closed Price
$450,000
197 sales
Median Days on Market
33
21 active listings
Median $ / Sq Ft
$169
21 active listings
Sale-to-List Ratio
103.9%
197 sales
How this home compares
List Price
$599,900
vs $479,999 median
25.0% above median
Price / Sq Ft
$151
vs $169 median
10.7% below median
Days on Market
56 days
vs 33 days median
23 days longer than median
Based on 21 active and 197 closed sales (trailing 12 mo) of multi-family in New Britain. Source: SmartMLS · As of July 28, 2026.
Location
481 Park Street, New Britain, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$3,059
- Property Taxes$842
- Insurance$200
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- New Britain
- Neighborhood
- N/A
- County
- Hartford
Residence
- Property Type
- Multi-Family
- Subtype
- Quadruplex
- Style
- 4updown - Unit(s) per Floor
- Year Built
- 1885
- New Construction
- No/Resale
- Living Area
- 3,986 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- New Britain
Interior
- Heating
- Gas on GasHot AirWall Unit
- Heat Fuel
- Natural Gas
- Cooling
- Window Unit
- Laundry Location
- each unit
- Basement
- FullConcrete FloorFull With Walk-Out
Exterior & Lot
- Lot Size
- 0.33 acres
- Zoning
- T
- Garage / Parking
- 3 garage spaces8 total parking spacesDetached GarageOn Street ParkingDrivewayPrivate
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- BrickConcrete
- Exterior Features
- SidewalkCovered DeckStone Wall
- Lot Description
- Lightly WoodedLevel Lot
Listing & Financials
- Property Taxes
- $10,109 / Annually
- Days on Market
- 56
- MLS #
- 24179625
- 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 7/28/2026. 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 7/28/2026 at 6:10 AM UTC.