Mixed-Use Residential and
49 Hill Street Waterbury, CT 06704
49 Hill Street, Waterbury, CT, 06704
$715,000
For Sale
$715,000
COMMERCIAL - Waterbury, CT
Property Size4,024 SF
Lot Size0.15 Acres
Price / SF$177.68
Days on Market46
Property Features for 49 Hill Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- RM
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 5
- Parking
- 3
- Interior features
- Living Space Available,Window Display
- Standard status
- Active
- Size
- 4,024 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5740
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 3
- Flooring type
- Tile
Listing Agency
Ghent Realty Advisors
(203) 597-1077
555 Heritage Road, Suite 5, Waterbury, CT
Listed by
Robert Ghent · License #REB.0790043
(203) 543-2847
Added: Jun 5 Updated: Jul 19 at 7:23 am Checked: Jul 20 at 11:06 pm
MLS# 24181532
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.
Investment Insights
Based on property information with market context.
This mixed-use property includes two buildings totaling five income units: four compact 3-bedroom apartments and one street-level retail space. Building 1 is described as approximately 2,400 square feet and features two 2–3 bedroom apartments over one commercial space. The second building is described as approximately 1,624 square feet with two 2–3 bedroom apartments. Unoccupied spaces are stated to be in rent-ready condition.
Both buildings underwent full interior and exterior renovations, including new mechanical systems and appliances. The property is located on a 0.15-acre lot and is zoned RM. The listing notes in-place income with additional upside from two unoccupied units. See MLS #24181506 and MLS #24180981 for rental listings.
Both buildings underwent full interior and exterior renovations, including new mechanical systems and appliances. The property is located on a 0.15-acre lot and is zoned RM. The listing notes in-place income with additional upside from two unoccupied units. See MLS #24181506 and MLS #24180981 for rental listings.
Key Highlights
- Mixed‑use property with four compact 3‑bedroom apartments and one street‑level retail space across two buildings
- Building 1: 2,400 SF with 2–3 bedroom apartments over 1 commercial space
- Building 2: 1,624 SF with 2–3 bedroom apartments
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 | $86.9k | $21.60 |
| − Vacancy | −$8.7k | −$2.16 |
| EGI | $78.2k | $19.44 |
| − OpEx | −$29.3k | −$7.29 |
| NOI | $48.9k | $12.15 |
4,024 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$698.5K
$611.2K – $814.9K
NOI $48,892 @ 7.0% cap · market cap 6.84%
Second Best
Multifamily LT 5
$647.7K
$566.7K – $755.6K
NOI $45,336 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$1.07M
$934.4K – $1.25M
NOI $74,750 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-building mixed-use property with four apartments and one street-level retail space, with renovated interiors and rent-ready vacancies.
Where is this mixed-use property located?
The property is located at 49 Hill Street Waterbury, CT.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Mixed‑use property with four compact 3‑bedroom apartments and one street‑level retail space across two buildings; Building 1: 2,400 SF with 2–3 bedroom apartments over 1 commercial space; Building 2: 1,624 SF with 2–3 bedroom apartments
