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5 Hill Street

Waterbury, CT 06704
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Bed 18

Bed

Bath 6

Bath

SqFt9,684

Sqft

Acres0.12

Acre(Lot)

Exceptional 7-Unit Mixed-Use Investment Opportunity Well-maintained 7-unit mixed-use property featuring six spacious 3-bedroom residential apartments and one commercial storefront. The property is currently operating at a solid 8% CAP rate with strong rent upside, offering investors attractive in-place cash flow with additional potential through future rent growth. Many of the residential units have been renovated and feature updated kitchens and bathrooms, vinyl plank and hardwood flooring, and spacious layouts. Additional improvements throughout the property, including well-maintained mechanicals, allow investors to benefit from existing upgrades while still having opportunities to further enhance the property and increase rents over time. Utilities are separately metered and tenant-p aid, helping reduce operating expenses and improve overall investment performance. A 12-car parking lot located directly across the street is included in the sale, providing valuable off-street parking for tenants. Conveniently located near Downtown Waterbury, St. Mary's Hospital, shopping, grocery stores, public transportation, and major highways, this property offers a compelling combination of strong in-place cash flow, recent renovations, significant rent upside, and long-term appreciation potential.

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Detail Ic Property Details

Property Type : Residential Income

Price : $800,000

AD Id : 90864454

MLS Id : 24202768

Beds : 18

Lot Size : 0.12 Acre

Living Area Size : 9,684

Year Built : 1909

County : New Haven

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Feature Features

  • Bedroom Information

    Total beds: 18

    Bathroom Information

    Total Baths: 6 Full Baths: 6

    Room Information

    Rooms Total: 36 Has Basement: Yes Basement: Full
  • Heating & Cooling

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

  • Building Information

    Year Built: 1909 Building Area Total: 9684 Construction Materials: Vinyl Siding, Frame Private Pool: No

  • Lot Information

    Lot Size Acres: 0.12

  • Listing Price Information

    Listing Price: $800000

  • Tax Information

    Parcel Number: 1378461 Annual Tax: $16043

  • Parking Information

    Parking Total: 12 Parking Lot

  • School Information

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

    Direction: GPS Friendly WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
50 Ash Street, Waterbury, CT, 06704 $299,900 4 2 1,863 0.18 Acre
179 Rhode Island Avenue, Waterbury, CT, 06704 $417,900 4 2 1,745 0.14 Acre
590 N Walnut Street, Waterbury, CT, 06704 $364,900 4 3 1,980 0.20 Acre
65 Drake Street, Waterbury, CT, 06704 $475,000 12 3 4,179 0.26 Acre
30 N Walnut Street, Waterbury, CT, 06704 $435,000 8 3 3,044 0.10 Acre
38 Ives Street, Waterbury, CT, 06704 $374,999 6 3 3,042 0.10 Acre
23 Vermont Street, Waterbury, CT, 06704 $295,000 6 3 2,886 0.10 Acre
81 Wood Street, Waterbury, CT, 06704 $469,900 8 4 3,125 0.25 Acre
75 Walnut Street, Waterbury, CT, 06704 $399,900 7 3 3,210 0.11 Acre
23 Robinson Street, Waterbury, CT, 06704 $475,000 6 3 2,133 0.14 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 09/01/2026 @ 04:22

MLS: 24202768 LISTED BY: Vianeliz Henriquez, Sky Realty Group SOURCE: SmartMLS

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