Permitted Rooming House with
34 Mitchell Avenue Waterbury, CT 06710
34 Mitchell Avenue, Waterbury, CT, 06710
$525,000
For Sale
$525,000
MULTI_FAMILY - Waterbury, CT
Property Size3,754 SF
Lot Size0.12 Acres
Price / SF$139.85
Days on Market113
Property Features for 34 Mitchell Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RO
- Bedrooms
- 14
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 6, Bedroom 7, Bathroom 1, Bedroom 1, Bedroom 10, Bedroom 12, Bedroom 13, Bedroom 14, Bathroom 3, Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 11, Basement, Bedroom 9, Bedroom 5, Bedroom 3, Bedroom 8
- Parking
- 7
- Basement
- Full
- Standard status
- Active
- Size
- 3,754 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 9502
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Water source
- Public
Building Details
- Year built
- 1895
- Architectural style
- Other
Listing agency
Coldwell Banker Calabro
(860) 529-7007
Listed by
Lucas Chaves
(203) 715-2772
Added: Apr 2 Updated: Jul 22 at 8:48AM Checked: Jul 23 at 10:06AM
MLS# 24163790
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 fully occupied, permitted rooming house offers 14 residential units arranged as 12 single-room units, 1 double room unit, and 1 one-bedroom unit with a full kitchen and bathroom. In addition to the in-unit amenities, there are three full bathrooms located in common areas, one on each floor, all finished with tile. The building includes 8 hard-wired ring cameras, pin code locks for the front door and common area bathrooms, and a hard-wired fire system. Common areas are equipped with three coin washers and three coin dryers. Each unit has a microwave and refrigerator; the one-bedroom unit also includes an electric stove. Heating is provided by electric baseboards in each unit, controlled by locked central thermostats.
The property also features a 5-bay garage with new doors installed in 2024. Four bays are rented, and one bay is used for storage. Recent building improvements include exterior wall and attic insulation completed in 2025 with USA Premium Foam R-5.1, and a new 40-gallon gas water heater installed in 2025.
With utilities managed by the owner, including gas, water/sewer, electric, internet, and trash handled by the city, this is a practical option for an operator seeking a fully occupied rooming-house format within RO zoning.
The property also features a 5-bay garage with new doors installed in 2024. Four bays are rented, and one bay is used for storage. Recent building improvements include exterior wall and attic insulation completed in 2025 with USA Premium Foam R-5.1, and a new 40-gallon gas water heater installed in 2025.
With utilities managed by the owner, including gas, water/sewer, electric, internet, and trash handled by the city, this is a practical option for an operator seeking a fully occupied rooming-house format within RO zoning.
Key Highlights
- Fully occupied 14‑unit permitted rooming house with 5 bay garage; 12 single‑room units, 1 double room, and 1 1‑bedroom apartment
- 4 full bathrooms in unit/common areas plus 3 additional full bathrooms in common areas (1 on each floor), all with tile
- Security features include 8 hard‑wired ring cameras, pin code locks on the front door and common area bathrooms, and a hard‑wired fire system
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 | $74.3k | $19.80 |
| − Vacancy | −$5.1k | −$1.35 |
| EGI | $69.3k | $18.45 |
| − OpEx | −$31.2k | −$8.30 |
| NOI | $38.1k | $10.15 |
3,754 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$544.3K
$476.3K – $635.0K
NOI $38,101 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$996.2K
$871.7K – $1.16M
NOI $69,734 @ 7.0% cap · market cap 13.28%
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 - Fully occupied 14-unit permitted rooming house with on-site coin laundry and a 5-bay garage.
Where is this apartment building located?
The property is located at 34 Mitchell Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully occupied 14‑unit permitted rooming house with 5 bay garage; 12 single‑room units, 1 double room, and 1 1‑bedroom apartment; 4 full bathrooms in unit/common areas plus 3 additional full bathrooms in common areas (1 on each floor), all with tile; Security features include 8 hard‑wired ring cameras, pin code locks on the front door and common area bathrooms, and a hard‑wired fire system
