Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Multifamily/Commercial Property with Renovation Potential Title is generated by Realmo AI

    83 Meadow Street, Naugatuck, CT 06770

    View on Map
    Claim this Listing
    For Sale
    $395,000

    Value-add opportunity near downtown with income potential.

    Type:Commercial
    Added:
    May 12, 2026
    Days on Market:
    22
    Last Refresh:
    May 15 at 7:33 am

    Property Features for 83 Meadow Street

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Laura Rose

    Listing agent Laura Rose

    Listing office RE/MAX RISE

    Listing date May 12, 2026

    Source Lockandkeyre

    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 RE/MAX RISE

    HighLights

    • Value‑add opportunity with income‑producing potential through renovation and updates.
    • Flexible layout with potential for up to four units.
    • First‑floor office space with conversion potential to an additional apartment.
    • Convenient location close to downtown, shopping, restaurants, parks, and major commuter routes.
    • Potential eligibility for grants or state funding due to Naugatuck's revitalization initiative.
    • Multi‑family/commercial property suitable for investors, contractors, or owner‑occupants.

    Overview

    This multi-family/commercial property presents an opportunity for investors, contractors, or owner-occupants to build equity through renovation. The property requires updating, but its layout and income-producing possibilities offer a value-add opportunity. Currently, the property is configured with three residential units and a first-floor office space. The office space could potentially be converted into an additional apartment, creating the possibility for four units. Buyers are advised to conduct their own due diligence regarding approvals and zoning requirements. The property is conveniently located close to downtown, shopping, restaurants, parks, and major commuter routes. Naugatuck is undergoing a revitalization initiative, and this property may be within the redevelopment district, potentially making it eligible for grants or state funding opportunities. Buyers and their agents are encouraged to perform their own due diligence regarding redevelopment status and eligibility.
    Location Intelligence

    Current Use by Public Records

    Hanlon Neal B Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Naugatuck
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0567369
    Latitude
    41.489634

    Nearby Similar for Sale

    • $759,000
      5,191 SF

      Naugatuck Multifamily Investment Opportunity

      Three contiguous buildings in Naugatuck, Connecticut, with value-add potential.
      363-367 High Street, Naugatuck, CT 06770
      View Details
    • $599,000
      3,960 SF

      Mixed-Use Property in Naugatuck

      Established business with multiple income streams in a prime location.
      671 Rubber Avenue, Naugatuck, CT 06770
      View Details
    • $599,000
      2,640 SF

      Mixed-Use Property in Naugatuck

      Mixed-use property with retail and residential income in prime location.
      671 Rubber Avenue, Naugatuck, CT 06770
      View Details
    • $360,000
      2,705 SF

      Value-Add Multi-Unit Property

      Three residential units plus a first-floor office space create renovation and conversion opportunities for additional rental income.
      83 Meadow Street, Naugatuck, CT 06770
      View Details
    • $474,900
      1,890 SF

      Two Homes, One Lot

      Rare opportunity: two homes on one lot in Naugatuck.
      14 Washington Street, Naugatuck, CT 06770
      View Details
    • $390,000
      3,080 SF

      Naugatuck Two-Family Investment Opportunity

      Two-family property in Naugatuck with income and value-add potential.
      231 N Main Street, Naugatuck, CT 06770
      View Details
    • $600,000
      3,240 SF

      Downtown Naugatuck Commercial Building

      3,240 sq ft commercial building in revitalized downtown Naugatuck.
      24 Cherry St, Naugatuck, CT 06770
      View Details
    • $475,000
      2,364 SF

      Naugatuck Multi-Family with Garage

      Well-maintained multi-family property with strong income potential and oversized garage.
      83-85 Ward Street, Naugatuck, CT 06770
      View Details
    • $600,000
      3,240 SF

      Downtown Naugatuck Commercial Building

      3,240 sq ft commercial building in revitalized downtown Naugatuck.
      24 Cherry Street, Naugatuck, CT 06770
      View Details
    • $365,000
      1,672 SF

      Naugatuck Multifamily Investment Opportunity

      Fully rented 2-family property with immediate revenue potential.
      111 Highland Avenue, Naugatuck, CT 06770
      View Details
    • $360,000

      Mixed-Use Residential with Office

      Three residential units plus a first-floor office offer a renovation-driven income opportunity with flexible future configuration potential.
      83 Meadow Street, Naugatuck, CT 06770
      View Details
    • $800,000
      5,974 SF

      Prime Commercial Space in Naugatuck

      Spacious commercial property in a high-traffic Naugatuck business district.
      159 Church Street, Naugatuck, CT 06770
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Value-add opportunity near downtown with income potential.
    Where is this mixed-use property located?
    The property is located at 83 Meadow Street Naugatuck, CT.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Value‑add opportunity with income‑producing potential through renovation and updates.; Flexible layout with potential for up to four units.; First‑floor office space with conversion potential to an additional apartment.
    (203) 217-2239
    We can help!
    Listing Contact
    Laura Rose
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    83 Meadow Street, Naugatuck, CT 06770
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!