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493 Meadow Street

Waterbury, CT 06702
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Bed 41

Bed

Bath 28

Bath

SqFt6,520

Sqft

Acres0.07

Acre(Lot)

Exceptional opportunity to acquire a 27-unit mixed-use investment consisting of 21 apartments and 6 retail spaces across two well-maintained brick buildings and one dedicated parking lot. Offered at a solid 8.0 Cap with additional upside rent potential. The unit count, unit mix, and financial information have been recently verified and updated to reflect the current operating performance. The portfolio includes 343 West Main Street, a four-story, 20,428 SF building with 17 apartments (1 one-bedroom, 14 two-bedroom, and 2 three-bedroom units) and 4 fully leased retail spaces, and 493 Meadow Street, a three-story, 6,520 SF building with 4 apartments (2 two-bedroom and 2 three-bedroom units) and 2 fully leased retail spaces. The residential units participate in the Mod Rehab Housing Assist ance Program, providing stable occupancy and consistent rental income. The commercial component is occupied by established long-term tenants, including an appliance retailer, tax and insurance agency, bar & grill, salon, and convenience stores. Recent capital improvements include partial roof replacements (2022) and 15 recently replaced high-efficiency heating systems. All residential and commercial units are separately metered, with tenants responsible for their own utilities, helping to minimize landlord operating expenses. A well-maintained, cash-flowing property with a diversified income stream - ready for a new owner to realize the potential!

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,650,000

AD Id : 89058878

MLS Id : 24196449

Beds : 41

Lot Size : 0.07 Acre

Living Area Size : 6,520

Year Built : 1900

County : New Haven

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Feature Features

  • Bedroom Information

    Total beds: 41

    Bathroom Information

    Total Baths: 28 Full Baths: 22 Half Baths: 6

    Room Information

    Rooms Total: 88 Has Basement: Yes Basement: Full, Unfinished
  • Interior Features

    Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Hot Water Cooling: None

  • Building Information

    Year Built: 1900 Building Area Total: 6520 Construction Materials: Brick Private Pool: No

  • Lot Information

    Lot Size Acres: 0.07 Lot Description: Corner Lot

  • Listing Price Information

    Listing Price: $2650000

  • Tax Information

    Parcel Number: 1381061 Annual Tax: $11363

  • School Information

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

    Direction: GPS Friendly. Corner of West Main St and Meadow St WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
48 Taylor Street, Waterbury, CT, 06702 $295,000 6 2 2,018 2,018 SqFt
669 E Main Street, Waterbury, CT, 06702 $850,000 16 4 7,371 7,371 SqFt
20 Cherry Street, Waterbury, CT, 06702 $299,900 4 2 1,832 1,832 SqFt

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 08/16/2026 @ 03:05

MLS: 24196449 LISTED BY: Vianeliz Henriquez, Sky Realty Group SOURCE: SmartMLS

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