Truly turn-key portfolio opportunity in Waterbury’s South End, offering strong in-place cash flow with upside. The sale includes three adjacent parcels comprising six buildings with a total of 25 units: 23 residential apartments and two commercial spaces. The residential unit mix consists of (6) four-bed units, (11) three-bed units, and (6) two-bed units. Five of the six buildings feature separate, tenant-paid utilities, all electric heat, hot water, and cooking. Building 701 includes six apartments with owner-paid gas heat only, while electric and hot water remain tenant-paid. Five of the six buildings have completed the City of Waterbury de-leading program and have been extensively renovated, including new vinyl siding, replacement windows, updated interiors, upgraded electrical systems, rebuilt porches, and newer roofs (2017). Most apartments offer hardwood flooring, expansive layouts, and updated kitchens and baths. The portfolio has demonstrated historically low vacancy and a strong tenant base. A common coin-operated laundry room is in Building 691 and is available to all tenants. The two commercial units have separate utilities and present a value-add opportunity, as they require full renovation. The properties offer ample off-street parking, with over 20 combined parking spaces. Convenient location with easy access to I-84 and Route 8. Many rents remain below market, providing significant upside potential through continued stabilization and rent increases.
- Heating System:
- Hot Air, Baseboard
- Cooling System:
- Window Unit
- Basement:
- Full, Unfinished
- Driveway Type:
- Private, Unpaved
- Foundation Type:
- Masonry, Stone
- Heat Fuel Type:
- Natural Gas, Electric
- Exterior Features:
- Patio, Gutters, Lighting, Sidewalk
- Exterior Siding:
- Vinyl Siding
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 25
- Hot Water Description:
- Electric, Tank Size Unknown
- Lot Description:
- Level Lot
- Water Source:
- Public Water Connected
- Street:
- Main
- Street Number:
- 701
- Floor Number:
- 0
- Longitude:
- W74° 57′ 15.5”
- Latitude:
- N41° 30′ 14.5”
- Street Dir Prefix:
- South
- Office Name:
- Oxford Realty
- Agent Name:
- Amanda Faroni-Sheehan
- List Agent MLSID:
- FARONIAM
- List Office MLSID:
- 13737
- Tax Year:
- July 2025-June 2026
- Directions:
- S Main St between Mill & Bond St.
- Elementary School:
- Per Board of Ed
- High School:
- Per Board of Ed
- HOA Fee Amount:
- $0
- Parcel Number:
- 1388638
- Property Tax:
- $54,402
- Zoning:
- CG
Multi-family For Sale
701 Main, Waterbury, 06706
- Property Type :
- Multi-family For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24153813
- Price :
- $2,700,000
- Bedrooms :
- 9
- Baths Total :
- 3
- Bathrooms :
- 3
- Half Bathrooms :
- 0
- Square Footage :
- 7,728 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.12 Acre
- City:
- Waterbury
- Zipcode:
- 06706
- Property Sub Type :
- 5 Family+
- Style :
- Units on different Floors,Units are Side-by-Side
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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