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7-Unit Mixed-Use Apartment Building
New
For Sale
$800,000

5 Hill St, Waterbury, CT 06704

Six renovated residential apartments accompany a commercial storefront, with separate utility metering and dedicated off-street parking.

Property Size9,684 SF
Price / SF$82.61
Days on Market7

Property Features for 5 Hill St

General Information

Standard status Active
Size 9,684 SF
Total Parking Spaces 12
Property subtype Multi-Family

Site & Location

Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 6 x 3BR
Multifamily Units 6

Additional Details

Cap Rate 8%

Building Details

Year Built 1909
Tenancy Multi
Listing Agency: Sky Realty Group
Listed By: Vianeliz Henriquez (203) 707-7259 (860) 638-9748
Source: Fairfieldcountycthomesearch
Added: Aug 26 Changed: Aug 31 Last Checked: Aug 31 at 5:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sky Realty Group

Investment Insights

Based on property information with market context.

This 7-unit apartment property combines six 3-bedroom residential apartments with one commercial storefront. The 9,684-square-foot building, constructed in 1909, includes residential units with updated kitchens and bathrooms, vinyl plank and hardwood flooring, and spacious layouts. Several apartments have been renovated, while mechanical systems and other building improvements have been maintained.

Utilities are separately metered and paid by tenants. The sale includes a 12-car parking lot directly across the street, providing off-street parking for the property. The asset is located near Downtown Waterbury, St. Mary's Hospital, shopping, grocery stores, public transportation, and major highways. Current operations reflect an 8% CAP rate.

Key Highlights

  • 7‑unit property with six 3‑bedroom apartments and one commercial storefront
  • 9,684‑square‑foot building constructed in 1909
  • Renovated residential units with updated kitchens, bathrooms, vinyl plank, and hardwood flooring

Property Analytics

Current Use

Hernandez Grocery Grocery & Convenience Store Coqui's Grocery & Deli Grocery & Convenience Store JC Mini Market Department Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Locksmith Garden Center Catering Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,581
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six renovated residential apartments accompany a commercial storefront, with separate utility metering and dedicated off-street parking.
Where is this apartment building located?
The property is located at 5 Hill St Waterbury, CT.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 7‑unit property with six 3‑bedroom apartments and one commercial storefront; 9,684‑square‑foot building constructed in 1909; Renovated residential units with updated kitchens, bathrooms, vinyl plank, and hardwood flooring
More about this property
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