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Winsted Multifamily Investment Opportunity
For Sale
$549,000

150 Oak St, Winchester, CT 06098

Charming 5-unit apartment building in residential neighborhood. Fully rented.

Days on Market101

Property Features for 150 Oak St

General Information

Standard status Active
Property subtype Multi Family

Building Details

Year Built 1924
Listing Agency: Turning Point Realty, LLC
Listed By: Pamela Silvestri · License #REB.0790888
Source: Elliman
Added: Apr 21 Changed: Jul 10 Last Checked: Jul 29 at 10:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Turning Point Realty, LLC

Investment Insights

Based on property information with market context.

Located in a residential neighborhood of Winsted/Winchester, CT, 150 Oak St. is a fully rented, 5-family apartment building constructed in the 1920s. The property retains original woodwork, high ceilings, and some hardwood floors. Four of the units feature two bedrooms and a dining room with hallways connecting the spacious rooms. The fifth unit includes three bedrooms and one and a half baths with electric hot water. A detached four-bay garage is on the premises, with some bays rented separately, including one bay rented to a non-tenant. Recent updates between 2021 and 2023 include a new roof, four hot water heaters, and three furnaces. The property is located within walking distance of Northwestern CT Community College and Downtown Winsted, with nearby shopping and indoor and outdoor activities. Commuting is facilitated by proximity to Rte 8 South and Rte 8 North to Western MA Pioneer Valley towns and the Berkshires. The property is approximately 25 miles to Rte 20 and Becket, MA.

Key Highlights

  • Fully rented 5‑family apartment home in a desirable residential neighborhood.
  • Recent major upgrades including new roof, 4 hot water heaters, and 3 furnaces (2021‑2023).
  • Features original 1920's charm with original woodwork, high ceilings, and some hardwood floors.

Property Analytics

Current Use

Perfect Stroke Painting ... Painting Service

Suggested Use

Top Pick Parking Lot & Garage Daycare Center HVAC Service Skin Care Clinic Storage Facility Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

495
Businesses Nearby

Demographics for 06098, CT

10,188
Population
5,576
Households
1.8
Avg Household Size
48
Median Age
29%
College-Educated
94%
High-School Grad
30.7 sq mi
ZIP Area
332
Density / Sq Mi
$68,661
Median Household Income
$47,202
Median Earnings
$1,189
Median Rent
$238,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Charming 5-unit apartment building in residential neighborhood. Fully rented.
Where is this apartment building located?
The property is located at 150 Oak St Winchester, CT.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Fully rented 5‑family apartment home in a desirable residential neighborhood.; Recent major upgrades including new roof, 4 hot water heaters, and 3 furnaces (2021‑2023).; Features original 1920's charm with original woodwork, high ceilings, and some hardwood floors.
More about this property
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