701 South Main Street, Waterbury, CT 06706
Local realty services provided by:Better Homes and Gardens Real Estate Gaetano Marra Homes
701 South Main Street,Waterbury, CT 06706
$2,600,000
- 4 Beds
- 1 Baths
- 7,728 sq. ft.
- Multi-family
- Active
Listed by: amanda faroni-sheehan(203) 314-4219
Office: oxford realty(203) 314-4219
MLS#:24196502
Source:CT
Price summary
- Price:$2,600,000
- Price per sq. ft.:$336.44
About this home
Truly turn-key portfolio opportunity in Waterbury's South End, offering strong in-place cash flow with upside with 8% 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, upgraded 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 for 12% CAP rate (pro-forma)....
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Home facts
- Year built:1900
- Listing ID #:24196502
- Added:74 day(s) ago
- Updated:October 17, 2026 at 12:13 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:6
- Basement Description:Full Basement, Unfinished
- Living area:7,728 sq. ft.
Heating and cooling
- Cooling:Window Unit
- Heating:Baseboard, Hot Air
Structure and exterior
- Roof:Asphalt Shingle, Flat
- Year built:1900
- Building area:7,728 sq. ft.
- Lot area:0.12 Acres
- Lot Features:Level Lot
- Architectural Style:Units are Side-by-Side
- Construction Materials:Vinyl Siding
- Exterior Features:Gutters, Lighting, Patio, Sidewalk
Schools
- High school:Per Board of Ed
- Elementary school:Per Board of Ed
Utilities
- Water:Public Water Connected
- Sewer:Public Sewer Connected
Finances and disclosures
- Price:$2,600,000
- Price per sq. ft.:$336.44
- Tax amount:$13,916 (July 2026-June 2027)
Features and amenities
- Amenities:Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation
Parking
- Total parking spaces:25
- Parking description:Driveway, Off Street Parking, Private, Unpaved
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