Building Details

Year Built 1926

Buildings 4

Tenancy Multi

Listing Agency: CENTURY 21 Shutters & Sails

Listed By: Eileen Godburn Show Phone

Source: Themialeteam

Added: Sep 2 Changed: Oct 10 Last Checked: Oct 7 at 1:54PM

Report an Issue

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 CENTURY 21 Shutters & Sails

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Located at 734 E Main St in Waterbury, this 7,284-square-foot mixed-use building was constructed in 1926. The property places four apartments above two commercial spaces, creating separate residential and storefront components within one building. One commercial unit remains leased after restaurant use, while the second is vacant. Two apartments are leased and two are vacant.

The property is offered only as part of a larger portfolio. The portfolio also includes a two-family property at 40 N Beacon St in Waterbury and a multifamily property at 13 Elm St in Meriden featuring two homes on one lot. The Meriden property includes two 2-bedroom units and two 3-bedroom units, with three of those four units leased.

Key Highlights

• 7,284‑square‑foot mixed‑use building at 734 E Main St, Waterbury
• Built in 1926
• Four apartments positioned above two commercial spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$88,501

Cap Rate

6.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,770,020 $1.8M

Cap Rate 7%

$1,264,300 $1.3M

Cap Rate 9%

$983,344 $983.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,284 SF

Gross rent

$157.3K $21.60/SF

− Vacancy

−$15.7K −$2.16/SF

EGI

$141.6K $19.44/SF

− OpEx

−$53.1K −$7.29/SF

NOI

$88.5K $12.15/SF

Area

Waterbury, CT

Vacancy

10.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,770,020

Cap Rate 7%

$1,264,300

Cap Rate 9%

$983,344

Alternative Uses

Best Use

Mixed Use

$1.26M

$1.11M – $1.48M (±1% cap)

NOI $88,501 @ 7.0% cap · market cap 6.11%

Second Best

Apartment 5plus

$1.06M

$924.1K – $1.23M (±1% cap)

NOI $73,929 @ 7.0% cap · market cap 5.10%

Theoretical Best

Office A

$1.93M

$1.69M – $2.26M (±1% cap)

NOI $135,308 @ 7.0% cap · market cap 9.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Storage Facility Catering Service Pet Grooming Service Veterinary Clinic

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,681

Businesses Nearby

Explore this area Business Placement

Demographics for 06702, CT

3,882

Population

1,910

Households

2

Avg Household Size

45

Median Age

8%

College-Educated

69%

High-School Grad

0.7 sq mi

ZIP Area

5,546

Density / Sq Mi

$16,198

Median Household Income

$15,833

Median Earnings

$720

Median Rent

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

13-Unit Apartment Portfolio

66-74 Holmes, Waterbury, CT 06710

$1,450,000

7,055 SF

View details

Turnkey Mixed-Use Building with Storefront

140 Grand Street, Waterbury, CT 06702

$1,300,000

6,596 SF

View details

Mixed-Use Property Portfolio

669 East Main St, Waterbury, CT 06702

$850,000

7,371 SF

View details

Multi-Unit Residential Property

121 Lounsbury St, Waterbury, CT 06706

$750,000

6,836 SF

View details

Eleven-Unit Apartment Building For Sale

133 Hillside Ave, Waterbury, CT 06710

$1,125,000

5,934 SF

View details

Mixed-Use Investment Property

493 Meadow St, Waterbury, CT 06702

$2,650,000

6,520 SF

View details

Five-Storefront Mixed-Use Property

69 Meriden Road, Waterbury, CT 06705

$1,500,000

4,800 SF

View details

Mixed-Use Investment Opportunity, Waterbury

33 & 39 Willow Street, Waterbury, CT 06710

$1,250,000

11,748 SF

View details

Eight-Unit Mixed-Use Portfolio

651 East Main Street, Waterbury, CT 06702

$850,000

9,956 SF

View details

Multi-Level Mixed-Use Building

487 Meadow St, Waterbury, CT 06702

$999,000

View details

Turnkey Six-Unit Residential Income

96 Hill St, Waterbury, CT 06704

$795,000

4,788 SF

View details

Approved Mixed-Use Redevelopment Building

158 Grand Street, Waterbury, CT 06702

$825,000

11,592 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Apartments over commercial storefronts create a combined residential and business-use configuration.

Where is this mixed-use property located?

The property is located at 734 East Main St Waterbury, CT.

What is the asking price?

The asking price for this property is $1,449,000.

What are key features of this property?

This property features: 7,284‑square‑foot mixed‑use building at 734 E Main St, Waterbury; Built in 1926; Four apartments positioned above two commercial spaces