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$725,000

For Sale

12 hours ago

5 Hill St, Waterbury, CT

House

MLS® 24212720

18 Bed

6 Bath

9684 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 9684 sqft
Garage 
Taxes $16,043
Days Active 1
Lot Size 0.12 Acres
Approx. Age 1909
Avg. Price Per Sqft $74
MLS® Number 24212720

Property Address: 5 Hill St, Waterbury, CT, 06704-3450

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

Description

Excellent opportunity to acquire a strong cash-flowing 7-unit mixed-use investment property featuring six spacious 3-bedroom residential apartments and one commercial storefront. Currently operating at an impressive 10% CAP rate, this property offers investors strong in-place income from day one, along with significant upside through future rent growth. Many of the residential units have been renovated and feature updated kitchens and bathrooms, vinyl plank and hardwood flooring, and generous 3-bedroom layouts. The property has also benefited from additional improvements and well-maintained mechanicals, providing a solid foundation for the next owner while leaving room to further increase value and rental income over time. Utilities are separately metered and tenant-paid, helping keep operating expenses low and maximizing overall investment performance. Adding even more value, the sale includes a 12-car parking lot located directly across the street, providing highly desirable off-street parking for residents. Conveniently located near Downtown Waterbury, St. Mary's Hospital, shopping, grocery stores, public transportation, and major highways, this is a compelling investment for buyers seeking strong immediate cash flow, a double-digit CAP rate, renovated units, rent upside, and long-term appreciation potential.
MLS® Number24212720
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1909
BasementFull
Driveway
Garage Spaces
HeatNatural Gas, Hot Air
A/CWindow Unit

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 7, 2026List Date
$725,000List Price
  • Commute

Commute

Starting Address
Destination Address
5 Hill St, Waterbury, CT

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