$1,700,000

48 Mitchell Avenue, Waterbury, CT 06710

  • 16 baths |
  • 11,360 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $150/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Amazing investment opportunity in downtown Waterbury's Central Business District. Situated on a corner lot, 48 Mitchell Street is a well-maintained 4-story brick building comprised of sixteen (16) one-bedroom apartments. The property is leased through HUD and a Waterbury Housing Program, providing historically low vacancy and a stable, reliable monthly income stream. Many units have been turned and updated, featuring a combination of vinyl plank and hardwood flooring, along with a variety of kitchen and bathroom improvements throughout. Electric service is separately metered and tenant-paid. Gas is also separately metered, with tenants responsible for cooking gas and hot water usage. Heat is provided by a central, oil-fired system and is owner-paid. The building is equipped with hardwired smoke and carbon monoxide detectors in the basement and common hallways. On-street parking only contributes to a low-maintenance ownership profile. Ideally located within walking distance to Downtown, St. Mary's Hospital, shopping, public transportation, and offering convenient access to nearby highways, this property presents a strong long-term investment.

Listing Status:
Active
Date Added:
December 29, 2025
Data Last Updated:
February 9, 2026 at 12:52AM
Listing Office:
Oxford Realty : (203) 314-4219
Listing Agent:
Amanda Faroni-Sheehan : (203) 314-4219
MLS ID:
24146375
  • Flooring: TileVinyl
  • A/C: Window Unit
  • Heating: Hot WaterOil
  • General: SidewalkGuttersLighting
  • Parking: Parking spaces: 0
  • Roofing: Flat
  • Road/Access: Municipal Street
  • County: New Haven
  • Zoning: CBD1379435
  • Current Use: residential
  • Utilities: ElectricGasPhone AvailableCable Available
  • Water: Public Water Connected
  • Sewer: Public Sewer Connected

Presented by Veterans United Realty

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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Location

Schools Nearby

D

Driggs Elementary School

77 Woodlawn Ter, Waterbury, CT, 06710

Grades KG-5

0.41 miles away

W

Waterbury Arts Magnet School (Middle)

16 S Elm St, Waterbury, CT, 06706

Grades 6-8

0.52 miles away

W

Waterbury Arts Magnet School (High)

16 S Elm St, Waterbury, CT, 06706

Grades 9-12

0.52 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.