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701 S Main Street

Waterbury, CT 06706
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Bed 4

Bed

Bath 1

Bath

SqFt7,728

Sqft

Acres0.12

Acre(Lot)

Truly turn-key portfolio opportunity in Waterbury's South End, offering strong in-place cash flow with upside with 8.5% CAP actual. The sale includes three adjacent parcels comprising six buildings with a total of 25 units: 23 residential apartments and two commercial spaces. The residential unit mix consists of (6) four-bed units, (11) three-bed units, and (6) two-bed units. Five of the six buildings feature separate, tenant-paid utilities, all electric heat, hot water, and cooking. Building 701 includes six apartments with owner-paid gas heat only, while electric and hot water remain tenant-paid. Five of the six buildings have completed the City of Waterbury de-leading program and have been extensively renovated, including new vinyl siding, replacement windows, updated interiors, upgrade d electrical systems, rebuilt porches, and newer roofs (2017). Most apartments offer hardwood flooring, expansive layouts, and updated kitchens and baths. The portfolio has demonstrated historically low vacancy and a strong tenant base. A common coin-operated laundry room is in Building 691 and is available to all tenants. The two commercial units have separate utilities and present a value-add opportunity, as they require full renovation. The properties offer ample off-street parking, with over 20 combined parking spaces. Convenient location with easy access to I-84 and Route 8. Many rents remain below market, providing significant upside as well.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,650,000

AD Id : 83852537

MLS Id : 24183182

Beds : 4

Lot Size : 0.12 Acre

Living Area Size : 7,728

Year Built : 1900

County : New Haven

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Room Information

    Rooms Total: 6 Has Basement: Yes Basement: Full, Unfinished
  • Roofing Information

    Asphalt
  • Interior Features

    Roof: Asphalt Appliances: Electric Water Heater Laundry Features: Common Area
  • Heating & Cooling

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

  • Building Information

    Year Built: 1900 Building Area Total: 7728 Construction Materials: Vinyl Siding, Frame Patio And Porch Features: Patio Private Pool: No

  • Lot Information

    Lot Size Acres: 0.12 Lot Description: Level

  • Listing Price Information

    Listing Price: $2650000

  • Tax Information

    Parcel Number: 1388638 Annual Tax: $14443

  • Parking Information

    Parking Total: 25 Paved, Off Street, Private, Unpaved, Driveway

  • School Information

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

    Direction: S Main St between Mill & Bond St. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
106 Edin Avenue, Waterbury, CT, 06706 $369,000 4 2 2,184 2,184 SqFt
25-37 Piedmont Street, Waterbury, CT, 06706 $2,500,000 33 25 7,068 7,068 SqFt
121 Lounsbury Street, Waterbury, CT, 06706 $750,000 12 6 6,836 6,836 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 06/13/2026 @ 05:39

MLS: 24183182 LISTED BY: Amanda Faroni-Sheehan, Oxford Realty SOURCE: SmartMLS

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