701 South Main Street, Waterbury, CT 06706
Local realty services provided by:CENTURY 21 Classic Homes
701 South Main Street,Waterbury, CT 06706
$2,650,000
- 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#:24183182
Source:CT
Price summary
- Price:$2,650,000
- Price per sq. ft.:$342.91
About this home
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, 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....
Contact an agent
Home facts
- Year built:1900
- Listing ID #:24183182
- Added:49 day(s) ago
- Updated:July 31, 2026 at 11:40 AM
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:$2,650,000
- Price per sq. ft.:$342.91
- Tax amount:$14,443 (July 2025-June 2026)
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
New listings near 701 South Main Street
- New
$180,000Active2 beds 2 baths1,028 sq. ft.975 Meriden Road #120, Waterbury, CT 06705
MLS# 24195396Listed by: Group Realty LLC - Coming Soon
$349,999Coming Soon4 beds 3 baths98 Wolcott Street, Waterbury, CT 06705
MLS# 24195761Listed by: Weichert Realtors MRG - New
$315,000Active6 beds 1 baths832 sq. ft.210 Berkeley Avenue, Waterbury, CT 06704
MLS# 24194839Listed by: Brass Moon Realty - New
$450,000Active7 beds 3 baths4,016 sq. ft.256 Hillside Avenue, Waterbury, CT 06710
MLS# 24195346Listed by: Century 21 Scala Group - Open Sat, 12 to 2pmNew
$449,900Active4 beds 3 baths2,244 sq. ft.128 Midwood Avenue, Waterbury, CT 06708
MLS# 24174610Listed by: Preston Gray Real Estate - New
$475,000Active4 beds 3 baths1,819 sq. ft.51 Pear Street, Waterbury, CT 06708
MLS# 24195403Listed by: Scalzo Real Estate - New
$299,900Active2 beds 2 baths1,728 sq. ft.416 Tudor Street, Waterbury, CT 06704
MLS# 24195212Listed by: Dave Jones Realty, LLC - Open Sat, 11am to 1pmNew
$350,000Active3 beds 2 baths1,976 sq. ft.51 Mount Vernon Avenue, Waterbury, CT 06708
MLS# 24194809Listed by: Berkshire Hathaway NE Prop. - New
$305,000Active2 beds 2 baths1,378 sq. ft.20 Lone Oak Avenue, Waterbury, CT 06710
MLS# 24195144Listed by: Keller Williams Realty Prtnrs. - New
$129,900Active4 beds 2 baths1,790 sq. ft.2 Blake Street, Waterbury, CT 06708
MLS# 24194890Listed by: Showcase Realty, Inc.