28-Unit Multifamily
For Sale
$3,668,000
Pending
805 Main Street, Watertown, CT 06779
MULTI_FAMILY - Watertown, CT
Property Size2,688 SF
Lot Size0.16 Acres
Days on Market53
Property Features for 805 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
BC
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 7, Bathroom 3, Basement, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 5
Basement
Full, Unfinished
Lot features
City Views, Level Lot
Elementary school
Fletcher W. Judson
High school
Watertown
Directions
GPS Friendly.
Standard status
Pending
Size
2,688 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5244
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1909
Architectural style
Other
Listing Agency:
Brass Moon Realty
(203) 945-1000
Listed By:
Levi Judqin · License #REB.0792029
(203) 724-7127
Added: Jun 21
Changed: Aug 3
Last Checked: Aug 12 at 8:06AM
MLS# 24185537
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 28-unit multifamily portfolio spans 8 buildings across 4 tax parcels in Watertown, CT. The property includes a diversified mix of 1, 2, and 3 bedroom units, built in 1909, and heated with baseboard heat. Public water and public sewer services are available.
The portfolio is currently 96.4% occupied and is operated under long-term tenancy. The current owner has completed significant capital improvements across the buildings, including new roofs, siding, and porches, with the majority of units already renovated. Current rents total $32,665/month across the portfolio and are supported by a 7.54% in-place cap rate on current signed leases.
Ownership is structured with a simple 4-parcel closing. Tenant demand is supported by the area’s median household income, and the portfolio’s unit-turn process has the potential to increase income as renovated units are brought to market.
The portfolio is currently 96.4% occupied and is operated under long-term tenancy. The current owner has completed significant capital improvements across the buildings, including new roofs, siding, and porches, with the majority of units already renovated. Current rents total $32,665/month across the portfolio and are supported by a 7.54% in-place cap rate on current signed leases.
Ownership is structured with a simple 4-parcel closing. Tenant demand is supported by the area’s median household income, and the portfolio’s unit-turn process has the potential to increase income as renovated units are brought to market.
Key Highlights
- 28 units across 8 buildings and 4 tax parcels in Watertown, CT
- 96.4% occupancy with a diversified mix of 1, 2, and 3 bedroom units
- Capital improvements include new roofs, siding, and porches; most units renovated
Property Analytics
Property Profile
Current Use
Lease Details
28
Residential units
96.4%
Occupancy
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multifamily portfolio with 8 buildings and public water and sewer, with extensive exterior updates and renovated units.
Where is this apartment building located?
The property is located at 805 Main Street 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 units across 8 buildings and 4 tax parcels in Watertown, CT; 96.4% occupancy with a diversified mix of 1, 2, and 3 bedroom units; Capital improvements include new roofs, siding, and porches; most units renovated
