493 Meadow Street, Waterbury, CT 06702
Local realty services provided by:Better Homes and Gardens Real Estate Gaetano Marra Homes
493 Meadow Street,Waterbury, CT 06702
$2,650,000
- 41 Beds
- 28 Baths
- 6,520 sq. ft.
- Multi-family
- Active
Listed by: vianeliz henriquez(203) 707-7259
Office: sky realty group(860) 638-9748
MLS#:24196449
Source:CT
Price summary
- Price:$2,650,000
- Price per sq. ft.:$406.44
About this home
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 Assistance 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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Home facts
- Year built:1900
- Listing ID #:24196449
- Added:55 day(s) ago
- Updated:September 28, 2026 at 12:58 PM
Rooms and interior
- Bedrooms:41
- Total bathrooms:28
- Full bathrooms:22
- Half bathrooms:6
- Rooms Total:88
- Basement Description:Full Basement, Unfinished
- Living area:6,520 sq. ft.
Heating and cooling
- Heating:Hot Water
Structure and exterior
- Roof:Flat
- Year built:1900
- Building area:6,520 sq. ft.
- Lot area:0.07 Acres
- Lot Features:Corner Lot
- Construction Materials:Brick
Schools
- High school:Per Board of Ed
- Middle school:Per Board of Ed
- Elementary school:Per Board of Ed
Utilities
- Water:Public Water Connected
- Sewer:Public Sewer Connected
Finances and disclosures
- Price:$2,650,000
- Price per sq. ft.:$406.44
- Tax amount:$10,949 (July 2026-June 2027)
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