$2,650,000

701 South Main Street, Waterbury, CT 06706

  • 23 baths
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 14 days ago

Property Description

Truly turn-key portfolio opportunity in Waterbury's South End, offering strong in-place cash flow with upside with 8.5% CAP actual. 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 as well.

Listing Status:
Active
Date Added:
June 11, 2026
Data Last Updated:
June 26, 2026 at 4:51PM
Listing Office:
Oxford Realty : (203) 314-4219
Listing Agent:
Amanda Faroni-Sheehan : (203) 314-4219
MLS ID:
24183191
  • Flooring: TileWood
  • A/C: Window Unit
  • Heating: BaseboardElectricNatural Gas
  • General: SidewalkGuttersLighting
  • Parking: Parking spaces: 25
  • Roofing: Asphalt Shingle
  • Road/Access: Municipal Street
  • County: New Haven
  • Zoning: CG1388638
  • 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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