85 Prospect Hill Road New Milford, CT $ 1,599,999
85 Prospect Hill Road
$ 1,599,999
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85 Prospect Hill Road

New Milford, CT, 06776
$ 1,599,999
Bedrooms12 Baths8.0 Sq 8,891

Monthly Estimate*

$ 10,103

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Multi-Family Home for sale in New Milford, CT

for $1,599,999 with 12 bedrooms and 8 full baths. This 8,891 square foot home was built in 1880 on a lot size of 0.48.

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. Shared Interior hallways under video surveillance.

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Multi-Family Active

Price

$ 1,599,999

Bedrooms

12

Full Bath

8

Property Type

Multi-Family

Taxes

$ 15,762

Style

Lot Size

0.48

Year Built

1880

Town/City

New Milford

MLS | Web ID

24192187

Features
General
Zoning R8
Neighborhood Prospect District
County Litchfield
Tax Year July 2025-June 2026
Property Type Multi-Family For Sale
Status Active
Acres 0.48
Directions GPS Friendly
High School New Milford
City New Milford
Elementary School Per Board of Ed
Sq Ft Total 8891
DOM 2
Year Built 1880
Style Units on different Floors
Year Built Source Public Records
Net Operating Income 113979
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Interior
Cooling System None
Total Number of Units 7
Total Rooms 26
Basement Description Full Unfinished Interior Access Full With Hatchway
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Exterior
Water Source Public Water Connected
Lot Description Corner Lot
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* Excluded Features
List By
Jennifer Pistone

Listing Agent

Coldwell Banker Realty

Broker

pistonejen@gmail.com

Email

Affordability Calculator

$11,416
Per Month
88%
12%
0%
Monthly Principal & Interest
$10,103
Monthly Property Taxes
$1,314
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2060291 Elementary School
4705602 Middle School
New Milford High School High School
Pricing History
DatePricePrice ChangeDescription
8/2/2026$1,599,999 Listed Price

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85 Prospect Hill Road, New Milford, CT, 06776 is a Multi-Family Home for sale at $1,599,999 with 8,891 sqft and a lot size of 0.48. 85 Prospect Hill Road has 12 bedrooms, 8.0 baths, and was built in 1880. The property's zip code is 06776 which is in New Milford, CT