11-Unit Multifamily Apartment
133 Hillside Avenue Waterbury, CT 06710
133 Hillside Avenue, Waterbury, CT, 06710
$1,125,000
For Sale
$1,125,000
MULTI_FAMILY - Waterbury, CT
Property Size5,934 SF
Lot Size0.04 Acres
Price / SF$189.59
Days on Market112
Property Features for 133 Hillside Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Bedrooms
- 13
- Bathrooms
- 11
- Rooms
- Bathroom 9, Bathroom 2, Bedroom 9, Bedroom 3, Bedroom 8, Bedroom 7, Basement, Bedroom 5, Bathroom 10, Bedroom 2, Bathroom 8, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 6, Bathroom 11, Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 10, Bedroom 11, Bedroom 13, Bathroom 7, Bedroom 12, Bedroom 6
- Basement
- Full
- Standard status
- Active
- Size
- 5,934 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 13536
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Architectural style
- Other
Listing agency
Coldwell Banker Calabro
(860) 529-7007
Listed by
Lucas Chaves
(203) 715-2772
Added: Apr 3 Updated: Jul 19 at 7:21AM Checked: Jul 23 at 1:06AM
MLS# 24164287
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is an 11-unit apartment building configured with a mix of two-bedroom and one-bedroom units. Two units include two bedrooms, a kitchen, a living room, and one full bathroom, while five units are larger one-bedrooms with a living room, kitchen, and one full bathroom. The remaining four units are smaller one-bedrooms with a kitchen, living room, and one full bathroom. All units are separately metered with electric, heated by electric baseboards and served by electric hot water heaters. The building has no furnaces and no gas in the building.
Owner responsibilities noted include common area electricity for lights, cameras, and internet, which runs on a separate owner meter. A pressure reducer valve was added on the main water line to control water pressure. Trash is handled by the city. Improvements include a roof and siding installed approximately four years ago, new locked mailboxes installed about one year ago, and eight ring cameras from 2025. Meters and apartments are labeled, and most units have been updated over the past year with the interior painted throughout. Two brand-new canopies were built in 2026 for the back apartments.
For investors and owner-operators, the separately metered electric setup and in-unit electric hot water reduce reliance on shared heating systems. With recent exterior work and ongoing interior updates, the property offers a practical multifamily platform with clear unit-by-unit utilities and dedicated canopies for two back units.
Owner responsibilities noted include common area electricity for lights, cameras, and internet, which runs on a separate owner meter. A pressure reducer valve was added on the main water line to control water pressure. Trash is handled by the city. Improvements include a roof and siding installed approximately four years ago, new locked mailboxes installed about one year ago, and eight ring cameras from 2025. Meters and apartments are labeled, and most units have been updated over the past year with the interior painted throughout. Two brand-new canopies were built in 2026 for the back apartments.
For investors and owner-operators, the separately metered electric setup and in-unit electric hot water reduce reliance on shared heating systems. With recent exterior work and ongoing interior updates, the property offers a practical multifamily platform with clear unit-by-unit utilities and dedicated canopies for two back units.
Key Highlights
- 11‑unit apartment building with separately metered electric for all units
- All‑electric heating with electric baseboards; each unit has its own electric hot water heater
- Room mix includes 2 units with 2 bedrooms plus 1 full bathroom, 5 large 1‑bedroom units, and 4 smaller 1‑bedroom units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.5k | $19.80 |
| − Vacancy | −$8.0k | −$1.35 |
| EGI | $109.5k | $18.45 |
| − OpEx | −$49.3k | −$8.30 |
| NOI | $60.2k | $10.15 |
5,934 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$860.4K
$752.8K – $1.00M
NOI $60,227 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,230 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Eleven separately metered apartments with electric heat and hot water, plus recent roof, siding, and interior updates.
Where is this apartment building located?
The property is located at 133 Hillside Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 11‑unit apartment building with separately metered electric for all units; All‑electric heating with electric baseboards; each unit has its own electric hot water heater; Room mix includes 2 units with 2 bedrooms plus 1 full bathroom, 5 large 1‑bedroom units, and 4 smaller 1‑bedroom units
