Mixed-Use Apartment Building with
49 Hill Street Waterbury, CT 06704
For Sale
$715,000
MULTI_FAMILY - Waterbury, CT
Property Size4,024 SF
Lot Size0.15 Acres
Price / SF$177.68
Days on Market47
Property Features for 49 Hill Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
12
Bathrooms
5
Rooms
Bathroom 1, Basement, Bedroom 9, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 10, Bedroom 5, Bedroom 11, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 5, Bedroom 8, Bedroom 12, Bedroom 7
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 Agency:
Ghent Realty Advisors
(203) 597-1077
Listed By:
Robert Ghent · License #REB.0790043
(203) 543-2847
Added: Jun 11
Changed: Jul 26
Last Checked: Jul 27 at 1:06PM
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.
Investment Insights
Based on property information with market context.
This mixed-use property includes two buildings totaling 4,024 square feet, featuring four compact 3-bedroom apartments alongside one street-level retail space. Building 1 offers 2,400 square feet with two 3-bedroom apartments over one commercial space. Building 2 includes 1,624 square feet with two 3-bedroom apartments. Each building has undergone full interior and exterior renovations, including new mechanical systems and appliances. Unoccupied spaces are in rent-ready condition.
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.
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.
Key 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
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 |
4,024 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$647.7K
$566.7K – $755.6K
NOI $45,336 @ 7.0% cap · market cap 6.34%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four compact apartments and a street-level retail space, with renovated interiors and systems and unoccupied units ready for leasing.
Where is this quadplex 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 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
