Back to Search

Well-Maintained Multifamily Investment Opportunity

23 James Street, Waterbury, CT 06708

View on Map

For Sale

Under Contract

$499,999

MULTI_FAMILY - Waterbury, CT

Property size:

4,004 SF

Lot size:

0.09 Acres

Price / SF:

$124/SF

HighLights

1926‑built multi‑family with baseboard heat
Three levels of living space with an efficient layout
First floor includes 3 bedrooms and multiple bathrooms
Second floor includes 3 bedrooms and multiple bathrooms
Third floor includes 2 bedrooms and multiple bathrooms
Public water and public sewer

We can help!

Listing Contact

Anna Rinaldi-Cuevas

For Sale

Under Contract

$499,999

MULTI_FAMILY - Waterbury, CT

Property size:

4,004 SF

Lot size:

0.09 Acres

Price / SF:

$124/SF

Added:: Mar 23, 2026
Days on Market:: 81
Last Refresh:: Jun 11 at 7:06 am

Property Features for 23 James Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: RH
Bedrooms: 8
Bathrooms: 3
Rooms: Bedroom 7, Bathroom 2, Basement, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 8
Basement: Full
Standard status: Active Under Contract
Size: 4,004 SF
Lot size: 0.09 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Annual Amount: 7865

Utilities

Sewer type: Public Sewer
Heating system: Baseboard
Water source: Public

Building Details

Year built: 1926
Architectural style: Other

We can help!

Listing Contact

Anna Rinaldi-Cuevas

Listing agent Anna Rinaldi-Cuevas

Listing office RE/MAX RISE 175 Church Street, Naugatuck, CT

Listing date Mar 23, 2026

MLS# 24161729 Listing URL

HighLights

1926‑built multi‑family with baseboard heat
Three levels of living space with an efficient layout
First floor includes 3 bedrooms and multiple bathrooms
Second floor includes 3 bedrooms and multiple bathrooms
Third floor includes 2 bedrooms and multiple bathrooms
Public water and public sewer

Overview

This well-maintained multifamily property presents an excellent investment opportunity. The property features updated interiors and efficient layouts across three spacious levels. The first and second floors each offer three bedrooms, while the third floor contains two bedrooms. A finished lower level adds flexibility. The property appears clean and well-cared for, which may support ease of management and tenant satisfaction. Its location is convenient to amenities, transportation, and commuter routes, adding to its overall desirability. The property is in turn-key condition, making it suitable for owner-occupancy with rental income or as an addition to an investment portfolio. The lot size is 0.09 acres, and the property size is 4,004 square feet. The zoning is RH. The property is located in Waterbury, CT, in New Haven County.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$79.3k	$19.80
− Vacancy	−$5.4k	−$1.35
EGI	$73.9k	$18.45
− OpEx	−$33.2k	−$8.30
NOI	$40.6k	$10.15

4,004 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$580.6K

$508.0K – $677.3K (±1% cap)

NOI $40,639 @ 7.0% cap · market cap 8.13%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.06M

$929.7K – $1.24M (±1% cap)

NOI $74,378 @ 7.0% cap · market cap 14.88%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Location Insight

Map
Local Demand

City: Waterbury
County: New Haven
State: Connecticut
Longitude: -73.048332
Latitude: 41.544575

Nearby Similar for Sale

$1,100,000

15,974 SF

Retail Strip Mall with Multiple Tenants

Multi-tenant strip mall includes multiple retail and service users with parking for 55 cars.

1014 Meriden Road, Waterbury, CT 06705

View Details
$749,000

3,676 SF

Historic Three-Unit Multifamily Building

Three well-appointed units with updated kitchens, central air, hardwood floors, and separate utilities in an early-1900s property.

124 Pine Street, Waterbury, CT 06710

View Details
$599,500

3,027 SF

Three-Unit Multifamily with Detached Garage

Three-family property with enclosed porches, patio, and a detached 3-car brick garage, plus an included extra lot.

160 Edson Avenue, Waterbury, CT 06705

View Details
$715,000

4,024 SF

Renovated Mixed-Use Income Property

Two-building asset combines street-level retail with five compact apartments, with renovations and multiple units ready to rent.

49 Hill Street, Waterbury, CT 06704

View Details
$574,995

1,668 SF

Turnkey Renovated Multi-Family Home

Completely renovated income property with new interiors, kitchens, baths, and updated systems for straightforward occupancy or rental.

849 Frost Road, Waterbury, CT 06705

View Details
$749,900

5,200 SF

Waterbury Multifamily Investment Opportunity

Six renovated units in two buildings with off-street parking.

38 Green Street, Waterbury, CT 06708

View Details
$549,900

3,754 SF

Permitted 14-Unit Rooming House

Fully occupied 14-unit rooming house with 5-bay garage, common tile bathrooms, and controlled access security systems.

34 Mitchell Avenue, Waterbury, CT 06710

View Details
$1,149,900

5,934 SF

11-Unit Apartment Building

Eleven separately metered units with electric heat and hot water, plus recent roof, siding, and interior updates.

133 Hillside Avenue, Waterbury, CT 06710

View Details
$299,900

3,909 SF

Spacious Two-Family Corner Lot

Restoration opportunity on a spacious corner lot.

76 Chapman Avenue, Waterbury, CT 06710

View Details
$525,000

2,938 SF

Well-Maintained Multifamily Property

Income-generating three-family home near highway, shopping, and schools.

41 Diane Terrace, Waterbury, CT 06705

View Details
$419,900

3,896 SF

Three-Unit Property with Separate Laundry

Solid three-family home with two bedrooms per unit, gas heating, vinyl windows, updated electrical, and in-unit laundry hookups.

155 Sylvan Avenue, Waterbury, CT 06706

View Details
$350,000

3,088 SF

Waterbury Multi-Family Investment Opportunity

Three-family property with significant upside potential and recent upgrades.

35 Frederick Street, Waterbury, CT 06710

View Details

For sale
Multifamily properties
CT
Waterbury
06708
23 James Street

What type of property is this?

Multifamily property - Updated multifamily property in Waterbury, CT, offering excellent investment potential.

Where is this multifamily property located?

The property is located at 23 James Street Waterbury, CT.

What is the asking price?

The asking price for this property is $499,999.

What are key features of this property?

This property features: 1926‑built multi‑family with baseboard heat; Three levels of living space with an efficient layout; First floor includes 3 bedrooms and multiple bathrooms

23 James Street, Waterbury, CT 06708

MULTI_FAMILY - Waterbury, CT

Property Features for 23 James Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail Strip Mall with Multiple Tenants

Historic Three-Unit Multifamily Building

Three-Unit Multifamily with Detached Garage

Renovated Mixed-Use Income Property

Turnkey Renovated Multi-Family Home

Waterbury Multifamily Investment Opportunity

Permitted 14-Unit Rooming House

11-Unit Apartment Building

Spacious Two-Family Corner Lot

Well-Maintained Multifamily Property

Three-Unit Property with Separate Laundry

Waterbury Multi-Family Investment Opportunity

FAQs

Create New Password