25-Unit Apartment
For Sale
$2,600,000
701 S Main St, Waterbury, CT 06706
Renovated multifamily portfolio with commercial space, tenant-paid utilities, off-street parking, and access to major regional routes.
Property SizeContact for details
Days on Market9
Property Features for 701 S Main St
General Information
Standard status
Active
Total Parking Spaces
25
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 4BR, 11 x 3BR, 6 x 2BR
Multifamily Units
23
Additional Details
Cap Rate
8%
Taxes and HOA fees
Annual Taxes
$14,443
Amenities
common coin-operated laundry room
Building Details
Year Built
1900
Buildings
6
Listing Agency:
Oxford Realty
(413) 333-7776
Listed By:
Amanda Faroni-Sheehan · License #REB.0793328CT
Source:
Ma-cthomes
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 11 at 4:39AM
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 Oxford Realty
Investment Insights
Based on property information with market context.
This multifamily portfolio at 701 S Main St comprises three adjacent parcels with six buildings, 25 total units, 23 residential apartments, and two commercial spaces. The residential mix includes six four-bedroom, 11 three-bedroom, and six two-bedroom apartments. Five buildings have completed Waterbury’s de-leading program and received extensive improvements, including vinyl siding, replacement windows, updated interiors, upgraded electrical systems, rebuilt porches, and roofs installed in 2017. Most apartments feature hardwood floors, generous layouts, and updated kitchens and baths.
Five buildings use separate tenant-paid utilities with electric heat, hot water, and cooking. Building 701 has owner-paid gas heat, while electricity and hot water remain tenant-paid. A shared coin-operated laundry room is located in Building 691. The two commercial spaces have separate utilities and require full renovation. More than 20 combined off-street parking spaces serve the properties, which are positioned near I-84 and Route 8 in Waterbury’s South End. The portfolio reports an 8% actual CAP rate and a 12% pro-forma CAP rate.
Five buildings use separate tenant-paid utilities with electric heat, hot water, and cooking. Building 701 has owner-paid gas heat, while electricity and hot water remain tenant-paid. A shared coin-operated laundry room is located in Building 691. The two commercial spaces have separate utilities and require full renovation. More than 20 combined off-street parking spaces serve the properties, which are positioned near I-84 and Route 8 in Waterbury’s South End. The portfolio reports an 8% actual CAP rate and a 12% pro-forma CAP rate.
Key Highlights
- 25 total units across six buildings: 23 residential apartments and two commercial spaces
- Residential mix includes 6 four‑bed, 11 three‑bed, and 6 two‑bed units
- Five buildings completed Waterbury’s de‑leading program and received extensive renovations
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,544
Businesses Nearby
Explore this area
Business Placement
Demographics for 06706, CT
14,699
Population
5,907
Households
2.5
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.8 sq mi
ZIP Area
3,868
Density / Sq Mi
$51,770
Median Household Income
$32,375
Median Earnings
$1,233
Median Rent
$171,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily portfolio with commercial space, tenant-paid utilities, off-street parking, and access to major regional routes.
Where is this apartment building located?
The property is located at 701 S Main St Waterbury, CT.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 25 total units across six buildings: 23 residential apartments and two commercial spaces; Residential mix includes 6 four‑bed, 11 three‑bed, and 6 two‑bed units; Five buildings completed Waterbury’s de‑leading program and received extensive renovations
