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Mixed-Use Property with Commercial Space
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471 W Main St, Waterbury, CT 06702

Residential and commercial components have separate utilities, with tenants paying electric and gas.

Property SizeContact for details
Days on Market142

Property Features for 471 W Main St

General Information

Standard status Active
Property subtype Mixed Use
Occupancy 100%

Site & Location

Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 5 x 4BR, 3 x 3BR, 1 x 2BR
Multifamily Units 9

Additional Details

Sprinkler System Yes

Building Details

Year Renovated 2009
Buildings 1
Tenancy Multi
Listing Agency: OXFORD REALTY
Listed By: Amanda Faroni-Sheehan · License #REB.0793328 CT
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 2:09AM

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 OXFORD REALTY

Investment Insights

Based on property information with market context.

This mixed-use property combines nine renovated residential units with 4,000 SF of commercial space. The unit mix includes five 4 bed units, three 3 bed units, and one 2 bed unit. Residential interiors feature updated kitchens, bathrooms, flooring, and fixtures. The building was gut renovated and rehabbed in 2009, with lead abatement completed as part of the work.

Additional improvements include a newer roof, rear porches, updated electrical service, updated plumbing, and a commercial sprinkler system. Electric and gas utilities are separate and paid by tenants. Off-street parking accommodates approximately 20 cars. The property is in the Waterbury Business District, within walking distance of the Waterbury Green and Metro North, with access to I84 and Route 8 nearby.

Key Highlights

  • Nine residential units plus 4,000 SF of commercial space
  • Unit mix includes (5) 4 bed units, (3) 3 bed units, and (1) 2 bed unit
  • Gut renovated and rehabbed in 2009 with lead abatement

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Storage Facility (Bike/Boat/Book/etc) Store Veterinary Clinic Hotel & Motel Garden Center

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

Lease Details

9
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,342
Businesses Nearby

Demographics for 06702, CT

3,882
Population
1,910
Households
2
Avg Household Size
45
Median Age
8%
College-Educated
69%
High-School Grad
0.7 sq mi
ZIP Area
5,546
Density / Sq Mi
$16,198
Median Household Income
$15,833
Median Earnings
$720
Median Rent

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Mixed-use property - Residential and commercial components have separate utilities, with tenants paying electric and gas.
Where is this mixed-use property located?
The property is located at 471 W Main St Waterbury, CT.
What are key features of this property?
This property features: Nine residential units plus 4,000 SF of commercial space; Unit mix includes (5) 4 bed units, (3) 3 bed units, and (1) 2 bed unit; Gut renovated and rehabbed in 2009 with lead abatement
(203) 314-4219 Call to check price and availability
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