49 Hill Street, Waterbury, CT 06704
Two-building property with renovated apartments and a street-level retail space, including two rent-ready units.
- Added:
- Jun 5, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 11 at 2:27 am
Property Features for 49 Hill Street
General Information
- Standard status
- Active
- Size
- 4,024 SF
- Lot size
- 0.15 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2022
Listing agent Robert Ghent License #REB.0790043 (203) 543-2847
Listing office Ghent Realty Advisors (203) 543-2847
Listing date Jun 5, 2026
Source Iverty
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All listing content including descriptions, pricing, images are the copyrighted material of Ghent Realty Advisors
HighLights
- Two‑building mixed‑use property built in 2022 with four 3‑bedroom apartments and one street‑level retail space
- Building 1: 2,400 SF with 2 residential units (3‑bedroom apartments) over 1 commercial space
- Building 2: 1,624 SF with 2 residential units (3‑bedroom apartments)
- Full interior and exterior renovations completed with new mechanical systems and appliances
- Unoccupied spaces are rent‑ready, providing in‑place income plus upside from two additional units
- Located on a 0.15‑acre lot
Overview
The property is situated on a 0.15-acre lot at 49 Hill Street in Waterbury, CT. It features a compact, two-building layout that separates residential units from the street-level commercial space.
For buyers seeking a diversified income approach, this configuration offers both residential rental income and street-level retail alongside four apartment units. With two unoccupied units ready for leasing, the property supports near-term placement of additional tenants while maintaining a combined residential and retail operational footprint.
Local Financial Insights For Multifamily LT 5
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 | $70.0k | $17.40 |
| − Vacancy | −$5.3k | −$1.31 |
| EGI | $64.8k | $16.10 |
| − OpEx | −$19.4k | −$4.83 |
| NOI | $45.3k | $11.27 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0337859
- Latitude
- 41.5638892
