Renovated Multifamily Apartment
For Sale
$3,668,000
Pending
805 Main St, Watertown, CT 06779
Eight-building residential portfolio with updated exterior components and a mix of one-, two-, and three-bedroom apartments.
Property Size2,688 SF
Days on Market127
Property Features for 805 Main St
General Information
Standard status
Pending
Size
2,688 SF
Property subtype
Multi-Family
Occupancy
96%
Financials
Asking Price
$3,668,000
Cap Rate
7.54%
Gross Income
$391,980
Additional Details
Multifamily Units
28
Building Details
Year Built
1909
Buildings
8
Listing Agency:
Brass Moon Realty
Listed By:
Levi Y. Judqin (203) 724-7127 (203) 945-1000 · License #REB.0791859
(203) 724-7127
Source:
Yourcthomeguide
Added: Jun 21
Changed: Oct 19
Last Checked: Oct 24 at 5:29PM
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 Brass Moon Realty
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Investment Insights
Based on property information with market context.
This multifamily offering comprises 28 apartments distributed among 8 buildings and 4 tax parcels in Watertown, Connecticut. The property includes buildings at 15 Pythian Ave, 20 Pythian Ave, 28, 38, 48, 58, and 68 Atwood Court, plus 805 Main St. The current owner has held the portfolio for five years and completed substantial physical improvements, including new roofs, siding, and porches throughout. Most apartments have also been renovated.
The unit mix includes one-, two-, and three-bedroom residences, with occupancy reported at 96.4%. The properties are within walking distance of local retail and are arranged for a four-parcel closing. The offering provides a consolidated multifamily portfolio across multiple buildings and addresses, with documented exterior upgrades and a largely renovated apartment base.
The unit mix includes one-, two-, and three-bedroom residences, with occupancy reported at 96.4%. The properties are within walking distance of local retail and are arranged for a four-parcel closing. The offering provides a consolidated multifamily portfolio across multiple buildings and addresses, with documented exterior upgrades and a largely renovated apartment base.
Key Highlights
- 28‑unit multifamily portfolio across 8 buildings and 4 tax parcels
- New roofs, siding, and porches completed throughout
- Majority of apartments renovated
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Lease Details
28
Residential units
96.4%
Occupancy
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
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Business Placement
Demographics for 06779, CT
8,250
Population
3,558
Households
2.3
Avg Household Size
44
Median Age
32%
College-Educated
90%
High-School Grad
3.5 sq mi
ZIP Area
2,357
Density / Sq Mi
$89,353
Median Household Income
$50,525
Median Earnings
$1,292
Median Rent
$248,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight-building residential portfolio with updated exterior components and a mix of one-, two-, and three-bedroom apartments.
Where is this apartment building located?
The property is located at 805 Main St Watertown, CT.
What is the asking price?
The asking price for this property is $3,668,000.
What are key features of this property?
This property features: 28‑unit multifamily portfolio across 8 buildings and 4 tax parcels; New roofs, siding, and porches completed throughout; Majority of apartments renovated
