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701 South Main Street, 
Waterbury, CT 06706

$2,800,000


24

Beds


6

Baths


7,728

Sq Ft


Multi-Family

Active

Listed by

Amanda Faroni-Sheehan

Oxford Realty

Last updated:

May 7, 2025, 11:32 AM

MLS#

24087525

Source:

CT

About This Home

701 South Main Street

TURN KEY portfolio opportunity in the South End almost entirely renovated inside and out! The sale consists of 3 adjacent parcels with 6 buildings = 23 apartments and 2 commercial spaces for a total of 25 units. The unit mix is: (6) 4 bed units, (11) 3 bed units and (6) 2 bed units. 5 Bldgs feature separate, and tenant paid utilities - all electric H, HW & cooking. Bldg 701 has 6 apartments with owner paid gas heat (only), and separate, tenant paid electric + hot water. 5 out of 6 Bldgs have undergone the City of Waterbury de-leading program + plus are completely renovated with new vinyl siding, replacement windows, interior unit updates, updated electrical, new/rebuilt porches and roofs (all in 2017). Majority of the units have hardwood floors throughout, huge layouts, updated kitchens and baths. Historically low vacancy and strong tenant base. There is a common/coin op laundry room in Bldg 691 for all tenants to use. The 2 commercial spaces are separate utilities and need total renovation. There is ample, off-street parking for each property, with a total of over 20 spaces combined. Great location for tenants with easy access to i84 & Rt8. Most of the rents are under market which offers huge UPSIDE potential w/23% ROI/11+% CAP rate.

Home Facts

Multi-Family

6 Baths

24 Bedrooms

Built in 1900

Price Summary

2,800,000

$362 per Sq. Ft.

MLS #:

24087525

Last Updated:

May 7, 2025, 11:32 AM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

24

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

7,728 Sq. Ft.


Structure

Structure

Architectural Style:

Units are Side-by-Side

Building Area:

7,728 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

23,958


Finances & Disclosures

Finances

Price:

$2,800,000

Price per Sq. Ft:

$362 per Sq. Ft.

Source:CT
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