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USACTWaterburySouth End701 S Main St
Listing image | Image 1

701 S Main St, Waterbury, CT

House

For Sale

Listed price in listed location currency (USD).
$2,600,000

4125

MLS® 24196502

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 7728 sqft
Garage 
Taxes $13,916
Days Active 23
Lot Size 0.12 Acres
Approx. Age 1900
Avg. Price Per Sqft $336
MLS® Number 24196502

Property Address: 701 S Main St, Waterbury, CT, 06706-1447

Average square foot calculated using Size range provided by listing agent.

Description

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).
MLS® Number24196502
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementFull, Unfinished
DrivewayOff Street Parking, Driveway, Unpaved
Garage Spaces
HeatElectric, Natural Gas, Baseboard, Hot Air
A/CWindow Unit

Extras

Price History

Last Sold Price

----

Appreciation

--

Avg. Days Listed

22 days

Today, For Sale for $2,600,000

For Sale · 22 days

$2,600,000

MLS® 24196502

22 days ago

Not Sold Yet

August 2026, For Rent for $2,600,000

For Rent · 22 days

$2,600,000

MLS® 24196511

22 days ago

Not Leased Yet

  • Aug 3, 2026, For Sale for $2,600,000

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