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Waterbury Multifamily Investment Opportunity

38 Green Street, Waterbury, CT 06708

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For Sale

$749,900

MULTI_FAMILY - Waterbury, CT

Property size:

5,200 SF

Lot size:

0.11 Acres

Price / SF:

$144/SF

HighLights

Two‑building residential parcel with 6 total residential units (3 units per building)
All six units feature 2 bedrooms and 1 full bathroom
Renovated, updated interiors with refreshed kitchens and bathrooms
Off‑street parking available
Public utilities: public water and public sewer
Baseboard heating; year built listed as 1900

We can help!

Listing Contact

Ben Weinberg

For Sale

$749,900

MULTI_FAMILY - Waterbury, CT

Property size:

5,200 SF

Lot size:

0.11 Acres

Price / SF:

$144/SF

Added:: May 3, 2026
Days on Market:: 47
Last Refresh:: Jun 18 at 11:06 am

Property Features for 38 Green Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: RH
Bedrooms: 12
Bathrooms: 6
Rooms: Bathroom 6, Bedroom 7, Bedroom 1, Bedroom 8, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 11, Bedroom 10, Bedroom 12, Bedroom 9, Bedroom 5, Bathroom 5, Basement, Bathroom 4, Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 6
Parking: 6
Basement: Full
Standard status: Active
Size: 5,200 SF
Lot size: 0.11 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Annual Amount: 13366

Utilities

Sewer type: Public Sewer
Heating system: Baseboard
Water source: Public

Building Details

Year built: 1900

We can help!

Listing Contact

Ben Weinberg

Listing agent Ben Weinberg License #RES.0813934

Listing office Brass Moon Realty 211 Chase Avenue, Waterbury, CT

Listing date May 3, 2026

MLS# 24172389 Listing URL

HighLights

Two‑building residential parcel with 6 total residential units (3 units per building)
All six units feature 2 bedrooms and 1 full bathroom
Renovated, updated interiors with refreshed kitchens and bathrooms
Off‑street parking available
Public utilities: public water and public sewer
Baseboard heating; year built listed as 1900

Overview

Located in Waterbury, CT, 38 Green Street presents an investment opportunity featuring two buildings on a single parcel, containing a total of six residential units. Each building houses three units, all renovated and designed for comfortable living. Every unit includes 2 bedrooms and 1 full bathroom, with updated interiors. Improvements feature modern finishes, refreshed kitchens and bathrooms, and functional layouts. The property provides off-street parking. The property is located near local amenities, shopping, and major routes. The intended use of the property is as a multi-family asset.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$103.0k	$19.80
− Vacancy	−$7.0k	−$1.35
EGI	$96.0k	$18.45
− OpEx	−$43.2k	−$8.30
NOI	$52.8k	$10.15

5,200 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$754.0K

$659.7K – $879.6K (±1% cap)

NOI $52,777 @ 7.0% cap · market cap 7.04%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,595 @ 7.0% cap · market cap 12.88%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Waterbury
County: New Haven
State: Connecticut
Longitude: -73.046353
Latitude: 41.54665

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For sale
Apartment buildings
CT
Waterbury
06708
38 Green Street

What type of property is this?

Apartment building - Six renovated units in two buildings with off-street parking.

Where is this apartment building located?

The property is located at 38 Green Street Waterbury, CT.

What is the asking price?

The asking price for this property is $749,900.

What are key features of this property?

This property features: Two‑building residential parcel with 6 total residential units (3 units per building); All six units feature 2 bedrooms and 1 full bathroom; Renovated, updated interiors with refreshed kitchens and bathrooms

38 Green Street, Waterbury, CT 06708

MULTI_FAMILY - Waterbury, CT

Property Features for 38 Green Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Four-Story Restaurant & Bar Building

Retail Strip Mall with Multiple Tenants

Historic Three-Unit Multifamily Building

Three-Unit Multifamily with Detached Garage

Mixed-Use Apartment Building with Retail

Renovated Mixed-Use Income Property

Turnkey Renovated Multi-Family Home

11-Unit Multifamily Apartment Building

Permitted Rooming House with Garage

Three-Family Residential Income Building

Spacious Two-Family Corner Lot

Well-Maintained Multifamily Property

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