$750,000

227 Hillside Avenue, Waterbury, CT 06710

  • 2 baths |
  • 4,800 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $156/sqft
  • Property List Date Icon Listed 28 days ago

Property Description

Not your average multifamily! This fully renovated 6-unit investment property has been extensively upgraded with quality improvements rarely found in comparable assets. The building is 100% occupied, offering immediate cash flow, and consists of (6) spacious 2-bed, 1-bath apartments, each approx.. 800 SF. Current rents are below market, providing an excellent value-add opportunity through future rent adjustments. Each apartment has been nicely updated with white cabinetry, durable laminate flooring, updated appliances and fixtures, vinyl replacement windows, fire-rated entry doors, and keyless entry systems with remote owner access. Major mechanical improvements include high-efficiency combi boilers, backup boilers and tankless water heaters for added reliability, plus a smart water meter with automatic leak detection and shutoff to help minimize maintenance concerns. Additional building enhancements include roof approx. 4yrs old, basement sprinkler systems, LED motion-sensor lighting throughout the common areas, security system, and a fire/emergency alarm system with a direct connection to the Fire Department. A coin/card-operated laundry room provides an additional source of income. Conveniently located with easy access to shopping, restaurants, public transportation, Downtown Waterbury, Route 8, and I-84. An exceptional turnkey investment offering strong in-place income, minimal deferred maintenance, and long-term upside. Can be purchased with multiple other buildings.

Listing Status:
Active
Date Added:
July 13, 2026
Data Last Updated:
August 10, 2026 at 8:52PM
Listing Office:
Oxford Realty : (203) 314-4219
Listing Agent:
Amanda Faroni-Sheehan : (203) 314-4219
MLS ID:
24191026
  • A/C: Window Unit
  • Heating: BaseboardHot AirHot WaterNatural Gas
  • General: SidewalkGuttersLighting
  • Roofing: Flat
  • Road/Access: Municipal Street
  • County: New Haven
  • Zoning: RM1377989
  • Current Use: residential
  • Utilities: ElectricGasPhone AvailableCable Available
  • Water: Public Water Connected
  • Sewer: Public Sewer Connected

This listing courtesy of Amanda Faroni-Sheehan , Oxford Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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