701 South Main Street, Waterbury, CT 06706
Multi-Family For Sale · 5 Family+
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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.
Listed by Amanda Faroni-Sheehan (203) 314-4219 with Oxford Realty (203) 314-4219
Listing Snapshot
| Price | $2,650,000 | Days on Our Site | 5 days |
| Property Tax | $14,443/yr | Style | Units on different Floors,Units are Side-by-Side |
| Year Built | 1900 | Total Sq Ft | 7,728 |
| Lot Size | 0.12 acres | HOA Fees | N/A |
| Bedrooms | 4 | Full Bathrooms | 1 |
| Total Rooms | 6 | Half Baths | 0 |
Key Features
- Sidewalk
- Gutters
- Lighting
- Patio
- Medical Facilities
- Park
- Playground/Tot Lot
- Public Rec Facilities
- Public Transportation
Structure & Parking
Systems & Utilities
Schools
Mortgage Calculator
Estimate only. Contact a lender for accurate figures.
Listing History
| Date | Event | Price |
|---|---|---|
| Jun 11, 2026 | Listed | $2,650,000 |
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Listing Agent
Amanda Faroni-Sheehan · (203) 314-4219
Oxford Realty · (203) 314-4219
MLS# 24183182 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Jun 11, 2026 6:53 PM UTC
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701 South Main Street, Waterbury CT, 06706
$2,650,000 • Active
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