Eleven-Unit Apartment Building For
133 Hillside Avenue Waterbury, CT 06710
133 Hillside Avenue, Waterbury, CT, 06710
$1,125,000
For Sale
$1,125,000
Eleven-unit apartment building with recent updates and separately metered utilities.
Property Size5,934 SF
Price / SF$189.59
Days on Market107
Property Features for 133 Hillside Avenue
General Information
- Standard status
- Active
- Size
- 5,934 SF
- Property subtype
- 5 Family+
Building Details
- Year Built
- 1900
Listing Agency
Coldwell Banker Calabro
(203) 715-2772
Listed by
Lucas Chaves
(203) 715-2772
Source
Lockandkeyre
Added: Apr 3 Checked: Jul 17 at 5:43 am
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 Coldwell Banker Calabro
Investment Insights
Based on property information with market context.
This is an eleven-unit apartment building featuring a mix of unit sizes. Two units offer two bedrooms, a kitchen, a living room, and one full bathroom. Five units are large one-bedroom apartments with a living room, kitchen, and one full bathroom. The remaining four units are smaller, with one bedroom, a kitchen, and one full bathroom. Each unit is separately metered for electricity and equipped with electric baseboard heating, individual sub panels, and its own electric hot water heater. The owner is responsible only for common area electricity expenses, including lights, cameras, and internet, which are on a separate owner's meter. A pressure reducer valve has been installed on the main water line. The city handles trash removal. The roof and siding were replaced four years ago, and new locked mailboxes were installed one year ago. Eight ring cameras were installed in 2025. All meters and apartments are labeled. Most units have been updated over the past year, and almost the entire interior of the building has been painted. Two new canopies were built in 2026 for two back apartments. The building size is 5934 square feet. The owner is selling due to relocation out of state.
Key Highlights
- Low‑Maintenance: simplifying upkeep and reducing potential issues.
- Updated Units: Most units have been updated in the past year, and the interior has been recently painted.
- Separately Metered Units: All units are separately metered for electric, allowing for easy billing.
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-unit apartment building with recent updates and separately metered utilities.
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: Low‑Maintenance: simplifying upkeep and reducing potential issues.; Updated Units: Most units have been updated in the past year, and the interior has been recently painted.; Separately Metered Units: All units are separately metered for electric, allowing for easy billing.
