Multifamily Portfolio with Off-Street
701 S Main Street Waterbury, CT 06706
701 S Main Street, Waterbury, CT, 06706
$2,650,000
For Sale
$2,650,000
Six-building, 25-unit portfolio with separate utilities in most buildings and over 20 off-street parking spaces.
Days on Market136
Property Features for 701 S Main Street
General Information
- Standard status
- Active
- Property subtype
- General Commercial
Building Details
- Year Built
- 1900
Listing agency
Oxford Realty
(203) 314-4219
Listed by
Amanda Faroni-Sheehan · License #REB.0793328CT
(203) 314-4219
Source
Xome
Added: Mar 8 Updated: Jul 22 at 6:21PM Checked: Jul 22 at 6:21PM
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Investment Insights
Based on property information with market context.
This turn-key portfolio includes three adjacent parcels with six buildings totaling 25 units, comprising 23 residential apartments and two commercial spaces. The apartment mix consists of (6) four-bed units, (11) three-bed units, and (6) two-bed units. Five of the six buildings feature separate, tenant-paid utilities with all-electric heat, hot water, and cooking, while Building 701 has owner-paid gas heat only (electric and hot water remain tenant-paid). Five of the six buildings have completed the City of Waterbury de-leading program and have been extensively renovated, including new vinyl siding, replacement windows, updated interiors, upgraded electrical systems, rebuilt porches, and newer roofs (2017).
Building 691 includes a common coin-operated laundry room available to all tenants. The two commercial units have separate utilities and require full renovation. The portfolio provides ample off-street parking with over 20 combined parking spaces, with convenient access to I-84 and Route 8. The remarks state an 8.5% actual CAP and historically low vacancy.
Building 691 includes a common coin-operated laundry room available to all tenants. The two commercial units have separate utilities and require full renovation. The portfolio provides ample off-street parking with over 20 combined parking spaces, with convenient access to I-84 and Route 8. The remarks state an 8.5% actual CAP and historically low vacancy.
Key Highlights
- Six‑building, 25‑unit portfolio in Waterbury’s South End: 23 residential apartments plus two commercial spaces
- Residential unit mix includes (6) four‑bed units, (11) three‑bed units, and (6) two‑bed units
- Five of the six buildings have separate, tenant‑paid utilities with all‑electric heat, hot water, and cooking
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Six-building, 25-unit portfolio with separate utilities in most buildings and over 20 off-street parking spaces.
Where is this apartment building located?
The property is located at 701 S Main Street Waterbury, CT.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Six‑building, 25‑unit portfolio in Waterbury’s South End: 23 residential apartments plus two commercial spaces; Residential unit mix includes (6) four‑bed units, (11) three‑bed units, and (6) two‑bed units; Five of the six buildings have separate, tenant‑paid utilities with all‑electric heat, hot water, and cooking
