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    1615 Main St Waterbury, CT 06705

    For Sale
    $1,100,000

    Six-unit brick building, high ROI potential.

    Property size:
    8,349 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional investment opportunity presents a fully renovated six-unit residential brick building situated at 1615 E Main Street in Waterbury, Connecticut. The property boasts a total of 8,349 square feet and sits on a 0.16-acre lot. Each of the six units offers three bedrooms and two full bathrooms, providing ample living space for residents. A significant advantage is the inclusion of a six-bay brick garage, with each unit having access to one bay. This adds considerable value and convenience for tenants. The building's location is highly desirable, situated on the East End of Waterbury directly across from Hamilton Park. This expansive park recently underwent improvements, including the addition of a new community pool, enhancing the property's appeal and desirability. The property's strong rental income potential makes it an attractive investment for those seeking a high return on investment. The current owner is undertaking a 1031 exchange, presenting a streamlined transaction process for the buyer. This meticulously maintained property offers a rare blend of location, amenities, and income potential, making it an ideal addition to any investment portfolio. The property is ready for immediate occupancy and offers a stable income stream. Serious inquiries are encouraged.

    Property Features for 1615 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,349 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1925
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.01534
    Latitude
    41.54644

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    FAQs

    What type of property is this?
    Commercial real estate - Six-unit brick building, high ROI potential.
    Where is this commercial real estate located?
    The property is located at 1615 Main St Waterbury, CT.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (203) 525-5134
    Request Owner's contact information
    1615 Main St Waterbury, CT 06705
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    Waterbury, CT 06705
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1615 Main St Waterbury, CT 06705
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