Permitted Rooming House with
34 Mitchell Avenue, Waterbury, CT 06710
MULTI_FAMILY - Waterbury, CT
Property size:
3,754 SFLot size:
0.12 AcresPrice / SF:
$139/SF- Added:
- Apr 2, 2026
- Days on Market:
- 77
- Last Refresh:
- Jun 17 at 5:06 am
Property Features for 34 Mitchell Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RO
- Bedrooms
- 14
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bathroom 1, Bedroom 7, Bedroom 13, Bedroom 9, Bathroom 4, Bedroom 8, Bathroom 2, Bedroom 6, Bedroom 12, Bedroom 3, Bedroom 11, Bathroom 3, Bedroom 14, Bedroom 1, Bedroom 5, Bedroom 10, Bedroom 4, Basement
- Parking
- 7
- Basement
- Full
- Standard status
- Active
- Size
- 3,754 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 9502
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Water source
- Public
Building Details
- Year built
- 1895
- Architectural style
- Other
Listing agent Lucas Chaves (203) 715-2772
Listing office Coldwell Banker Calabro 1017 Elm Street, Rocky Hill, CT (860) 529-7007
Listing date Apr 2, 2026
MLS# 24163790
Listing URL
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
- Fully occupied 14‑unit permitted rooming house with 12 single‑room units, 1 double room unit, and 1 1‑bedroom apartment
- 5‑bay garage: 4 bays rented and 1 bay used for storage
- Each unit includes a microwave and fridge; 1‑bedroom apartment also has an electric stove
- 4 full bathrooms in common areas (1 on each floor) plus 4 full bathrooms total; common‑area baths have tile
- Security & safety include 8 hard‑wired ring cameras, pin code locks, and a hard‑wired fire system
- 2024–2025 updates: exterior walls/attic insulated with USA Premium Foam R‑5.1, new garage doors, and a new 40‑gallon gas water heater (2025)
Overview
This fully occupied, permitted rooming house offers 14 residential units arranged as 12 single-room units, 1 double room unit, and 1 one-bedroom unit with a full kitchen and bathroom. In addition to the in-unit amenities, there are three full bathrooms located in common areas, one on each floor, all finished with tile. The building includes 8 hard-wired ring cameras, pin code locks for the front door and common area bathrooms, and a hard-wired fire system. Common areas are equipped with three coin washers and three coin dryers. Each unit has a microwave and refrigerator; the one-bedroom unit also includes an electric stove. Heating is provided by electric baseboards in each unit, controlled by locked central thermostats.
The property also features a 5-bay garage with new doors installed in 2024. Four bays are rented, and one bay is used for storage. Recent building improvements include exterior wall and attic insulation completed in 2025 with USA Premium Foam R-5.1, and a new 40-gallon gas water heater installed in 2025.
With utilities managed by the owner, including gas, water/sewer, electric, internet, and trash handled by the city, this is a practical option for an operator seeking a fully occupied rooming-house format within RO zoning.
The property also features a 5-bay garage with new doors installed in 2024. Four bays are rented, and one bay is used for storage. Recent building improvements include exterior wall and attic insulation completed in 2025 with USA Premium Foam R-5.1, and a new 40-gallon gas water heater installed in 2025.
With utilities managed by the owner, including gas, water/sewer, electric, internet, and trash handled by the city, this is a practical option for an operator seeking a fully occupied rooming-house format within RO zoning.
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 | $74.3k | $19.80 |
| − Vacancy | −$5.1k | −$1.35 |
| EGI | $69.3k | $18.45 |
| − OpEx | −$31.2k | −$8.30 |
| NOI | $38.1k | $10.15 |
3,754 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$544.3K
$476.3K – $635.0K
NOI $38,101 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$996.2K
$871.7K – $1.16M
NOI $69,734 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.045914
- Latitude
- 41.558655
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied 14-unit permitted rooming house with on-site coin laundry and a 5-bay garage.
Where is this apartment building located?
The property is located at 34 Mitchell Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully occupied 14‑unit permitted rooming house with 12 single‑room units, 1 double room unit, and 1 1‑bedroom apartment; 5‑bay garage: 4 bays rented and 1 bay used for storage; Each unit includes a microwave and fridge; 1‑bedroom apartment also has an electric stove
