Properties

Property Description

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.

Features
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
Address Map
Street:
Main
Street Number:
701
Floor Number:
0
Longitude:
W74° 57′ 15.5”
Latitude:
N41° 30′ 14.5”
Street Dir Prefix:
South
MLS Addon
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

9 Bedrooms
3 Bathrooms
7,728 Sqft
$2,700,000
Listing ID #24153813
Basic Details
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
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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