49 Hill Street, Waterbury, CT 06704
MULTI_FAMILY - Waterbury, CT
- Added:
- Jun 11, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 12 at 11:06 am
Property Features for 49 Hill Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Bedrooms
- 12
- Bathrooms
- 5
- Rooms
- Bedroom 7, Bedroom 12, Bathroom 2, Bedroom 6, Bedroom 11, Bedroom 1, Bedroom 8, Bedroom 4, Bathroom 4, Bathroom 5, Bathroom 1, Bedroom 5, Bedroom 10, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 9, Basement
- Parking
- 4
- Basement
- Full, Unfinished
- 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
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 2022
- Architectural style
- Other
Listing agent Robert Ghent License #REB.0790043 (203) 543-2847
Listing office Ghent Realty Advisors 555 Heritage Road, Suite 5, Waterbury, CT (203) 597-1077
Listing date Jun 11, 2026
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
- Mixed‑use property with four compact 3‑bedroom apartments plus one street‑level retail space across two buildings
- Building 1 offers 2–3 bedroom apartments over 1 commercial space, totaling 2,400 SF
- Building 2 offers 2–3 bedroom apartments totaling 1,624 SF
- Both buildings received full interior and exterior renovations, including new mechanical systems and appliances
- Unoccupied units are in rent‑ready condition, with additional upside from two unoccupied units
- Utilities: public water and public sewer; hot water heating; on a 0.15‑acre lot
Overview
The property is situated on a 0.15-acre lot at 49 Hill Street in Waterbury, Connecticut (06704), in New Haven County. The asset is configured for combined residential and street-level commercial use across two separate structures.
For investors or owner-operators seeking diversified occupancy within a single property, the layout supports concurrent apartment leasing and retention of a commercial component. With renovated finishes, updated mechanicals, and unoccupied units available in current lease-ready condition, the building is positioned for immediate leasing activity upon securing tenants.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.033777
- Latitude
- 41.563885
