151 Highland Avenue, Waterbury, CT 06708
MULTI_FAMILY - Waterbury, CT
- Added:
- May 14, 2025
- Days on Market:
- 394
- Last Refresh:
- Jun 11 at 4:06 am
Property Features for 151 Highland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- CN
- Bedrooms
- 3
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 2, Basement, Bedroom 3, Bedroom 1
- Basement
- Full
- Standard status
- Active
- Size
- 2,704 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6278
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1920
Listing agent Judith Caputo License #REB.0751026 (203) 509-1151
Listing office Advantage Realty Group, Inc. 131 Homer Street, Waterbury, CT (203) 755-4015
Listing date May 14, 2025
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.
HighLights
- C/A zoned mixed‑use retail and apartment building on a corner lot
- 2‑story property with storefront plus a 6‑room, 3‑bedroom apartment on the 2nd level
- Detached 2‑car garage with additional income from a 2‑bay garage
- Full basement and pull‑down stairs to a large attic with potential for additional rooms
- Newer kitchen and formal dining room in the apartment, with hardwood floors
- Public water and public sewer; Hot Water heating; Year built 1920
Overview
The building is located on a corner lot in the Town Plot neighborhood and is described as being in a highly traveled, high-visibility area. The property is also stated to be just seconds to major highways, supporting convenient access for retail and daily residential use.
For owners and investors seeking a live-and-work setup or a property that combines retail income with residential occupancy, this configuration offers flexible options. Tenants can benefit from a dedicated storefront presence while the second-floor unit provides independent residential space, with practical supplemental storage or expansion possibility via the attic and additional value from the detached garage.
Local Financial Insights For Mixed Use
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 | $58.4k | $21.60 |
| − Vacancy | −$5.8k | −$2.16 |
| EGI | $52.6k | $19.44 |
| − OpEx | −$19.7k | −$7.29 |
| NOI | $32.9k | $12.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.058421
- Latitude
- 41.552835
