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227 Hillside Avenue

Waterbury, CT 06710
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Bed 12

Bed

Bath 6

Bath

SqFt4,800

Sqft

Acres0.07

Acre(Lot)

Not your average multifamily! This fully renovated 6-unit investment property has been extensively upgraded with quality improvements rarely found in comparable assets. The building is 100% occupied, offering immediate cash flow, and consists of (6) spacious 2-bed, 1-bath apartments, each approx.. 800 SF. Current rents are below market, providing an excellent value-add opportunity through future rent adjustments. Each apartment has been nicely updated with white cabinetry, durable laminate flooring, updated appliances and fixtures, vinyl replacement windows, fire-rated entry doors, and keyless entry systems with remote owner access. Major mechanical improvements include high-efficiency combi boilers, backup boilers and tankless water heaters for added reliability, plus a smart water meter with automatic leak detection and shutoff to help minimize maintenance concerns. Additional building enhancements include roof approx. 4yrs old, basement sprinkler systems, LED motion-sensor lighting throughout the common areas, security system, and a fire/emergency alarm system with a direct connection to the Fire Department. A coin/card-operated laundry room provides an additional source of income. Conveniently located with easy access to shopping, restaurants, public transportation, Downtown Waterbury, Route 8, and I-84. An exceptional turnkey investment offering strong in-place income, minimal deferred maintenance, and long-term upside. Can be purchased with multiple other buildings.

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Detail Ic Property Details

Property Type : Residential Income

Price : $745,000

AD Id : 91544332

MLS Id : 24210241

Beds : 12

Lot Size : 0.07 Acre

Living Area Size : 4,800 Sq. Ft

Tax Amount : $11,413

Year Built : 1920

County : New Haven

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Feature Features

  • Bedroom Information

    Total beds: 12

    Bathroom Information

    Total Baths: 6 Full Baths: 6

    Room Information

    Rooms Total: 24 Has Basement: Yes Basement: Full, Unfinished
  • Interior Features

    Appliances: Gas Water Heater Laundry Features: Common Area
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Baseboard, Forced Air, Hot Water Has Cooling: Yes Cooling: Window Unit(s)

  • Building Information

    Year Built: 1920 Building Area Total: 4800 Construction Materials: Vinyl Siding, Frame Patio And Porch Features: Porch Private Pool: No

  • Lot Information

    Lot Size Acres: 0.07 Lot Description: Level

  • Listing Price Information

    Listing Price: $745000

  • Tax Information

    Parcel Number: 1377989 Annual Tax: $11413

  • School Information

    Elementary School: Per Board of Ed
    Junior High School:
    Senior High School: Per Board of Ed
  • Location Information

    Direction: Waterville to Hillside OR Willow to Hillside WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
135 Prospect Street, Waterbury, CT, 06710 $895,000 13 9 4,729 0.20 Acre
209 Cooke Street, Waterbury, CT, 06710 $530,000 11 5 3,988 0.15 Acre
81 Robert Street, Waterbury, CT, 06710 $299,900 3 2 1,440 0.14 Acre
376 Farmington Avenue, Waterbury, CT, 06710 $344,500 6 3 2,945 0.26 Acre
110 Sperry Street, Waterbury, CT, 06710 $339,000 7 4 2,048 0.07 Acre
256 Hillside Avenue, Waterbury, CT, 06710 $450,000 7 3 4,016 0.27 Acre
16 Fairview Street, Waterbury, CT, 06710 $375,000 7 3 3,594 0.11 Acre
76 Chapman Avenue, Waterbury, CT, 06710 $279,900 8 3 3,909 0.49 Acre

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

ByOwner last updated this listing 09/30/2026 @ 11:18

MLS: 24210241 LISTED BY: Amanda Faroni-Sheehan, Oxford Realty SOURCE: SmartMLS

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