Mixed-Use Property with Retail
For Sale
$715,000
49 Hill Street, Waterbury, CT 06704
Multi-Family For Sale, Units on different Floors,Other, Waterbury, CT
Property Size4,024 SF
Lot Size0.15 Acres
Price / SF$177.68
Days on Market138
Property Features for 49 Hill Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
12
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Basement, Bedroom 12, Bedroom 11, Bedroom 10, Bathroom 5, Bedroom 9, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 4, Bedroom 8, Bedroom 7, Bathroom 3, Bedroom 6
Parking
4
Basement
Unfinished, Full
Lot features
Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
North Main to Hill
Subdivision
North End
Standard status
Active
Size
4,024 SF
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
10894
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1892
Architectural style
Other
Buildings
2
Listing Agency:
Ghent Realty Advisors
(203) 597-1077
Listed By:
Robert Ghent
(203) 543-2847
Added: Jun 11
Changed: Oct 25
Last Checked: Oct 26 at 6:06AM
MLS# 24183274
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.
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Investment Insights
Based on property information with market context.
This mixed-use property comprises two buildings totaling 4,024 square feet on a 0.15-acre lot. The first building has two three-bedroom apartments above a street-level retail unit; the second contains two additional three-bedroom apartments. Both buildings received interior and exterior renovations, including updated mechanical systems and appliances. Two units are unoccupied and described as ready for leasing, while the property also has in-place income. The buildings date to 1892, and zoning is RM. Public water and public sewer serve the property, with hot water heating.
Key Highlights
- Four three‑bedroom apartments and one street‑level retail space
- Two buildings totaling 4,024 square feet on a 0.15‑acre lot
- First building: 2,400 square feet with two apartments above one commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,892
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,840
$977.8K
Cap Rate 7%
$698,457
$698.5K
Cap Rate 9%
$543,244
$543.2K
Market Conditions
NOI Build-Up for 4,024 SF
Gross rent
$86.9K $21.60/SF
− Vacancy
−$8.7K −$2.16/SF
EGI
$78.2K $19.44/SF
− OpEx
−$29.3K −$7.29/SF
NOI
$48.9K $12.15/SF
Area
Waterbury, CT
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,840
Cap Rate 7%
$698,457
Cap Rate 9%
$543,244
Alternative Uses
Best Use
Mixed Use
$698.5K
$611.2K – $814.9K
NOI $48,892 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$583.5K
$510.5K – $680.7K
NOI $40,842 @ 7.0% cap · market cap 5.71%
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 authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,581
Businesses Nearby
Explore this area
Business Placement
Demographics for 06704, CT
27,300
Population
12,987
Households
2.1
Avg Household Size
34
Median Age
14%
College-Educated
78%
High-School Grad
8.1 sq mi
ZIP Area
3,370
Density / Sq Mi
$47,848
Median Household Income
$33,090
Median Earnings
$1,202
Median Rent
$178,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four three-bedroom apartments and a ground-floor commercial unit combine residential and retail space across two buildings.
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: Four three‑bedroom apartments and one street‑level retail space; Two buildings totaling 4,024 square feet on a 0.15‑acre lot; First building: 2,400 square feet with two apartments above one commercial space
