137 Spring Street

Closed 5/30/19
Closed 5/30/19
Gallery Image 1
Last Sold Price
$280,000
12 beds5,634 sqft$50/sqft
137 Spring St, Naugatuck, CT 06770

Description

Fantastic Investment Opportunity with an 11% Cap Rate! All units leased with very low tenant turnover, with nearly all renting for multiple years now. Potential for higher rents exists. The home features newer siding, newer windows, all ranges, refrigerators and hot water heaters replaced in the last 5-6 years. Roof replaced with rubber membrane. The 2 first floor units are heated with gas hot air. The remaining upper units are electric heat. All separate electric and gas utilities are the responsibility...Fantastic Investment Opportunity with an 11% Cap Rate! All units leased with very low tenant turnover, with nearly all renting for multiple years now. Potential for higher rents exists. The home features newer siding, newer windows, all ranges, refrigerators and hot water heaters replaced in the last 5-6 years. Roof replaced with rubber membrane. The 2 first floor units are heated with gas hot air. The remaining upper units are electric heat. All separate electric and gas utilities are the responsibility of the tenants. Water and trash removal service provided by owner. There is separate owner responsible electric service for common areas within the building. ALL offers are considered for review and negotiation.
LISTING CLOSED: 05/30/2019 12:00 AM

  1. Listed by Nicolette O'toole • Nickie Otoole Realty LLC
    P: (203) 710-6185 C: (203) 710-6185 realestate@nickieotoole.com

Property Details for 137 Spring Street

Status
Closed
MLS #
170157707
Days on Market
98
Taxes
$11,311 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Multi-Family / 5 Family+
Year Built
1900
Lot Size
0.09 AC / 3,920 SF
County
New Haven County
Basement Description
Full, Dirt Floor, Hatchway Access
Direct Waterfront
No
Garages Number
0
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
On Street Parking
Swimming Pool
No

Recent comparable sales

Median sold price

$525,000

Avg days on market

20

Sale-to-list ratio

94.4%

Naugatuck, CT

9 comparable properties found

$555,000 | 32 Greenwood Street, Naugatuck, CT 06770
1

$555,000

Sold 05/15/26

12
Bedrooms
5,248
Square Feet
0.13
Acres

32 Greenwood Street, Naugatuck, CT 06770

$625,000 | 266 North Main Street, Naugatuck, CT 06770
2

$625,000

Sold 04/04/25

Unavailable
Bedrooms
6,478
Square Feet
0.13
Acres

266 North Main Street, Naugatuck, CT 06770

$652,500 | 230 North Main Street, Naugatuck, CT 06770
3

$652,500

Sold 06/30/25

8
Bedrooms
3,481
Square Feet
0.2
Acres

230 North Main Street, Naugatuck, CT 06770

4

$600,000

Sold 12/27/24

Unavailable
Bedrooms
5.5
Bathrooms
5,733
Square Feet
Unavailable
Acres

164 Meadow Street, Naugatuck, CT 06770

$525,000 | 260 North Main Street, Naugatuck, CT 06770
5

$525,000

Sold 12/31/24

11
Bedrooms
4,218
Square Feet
0.32
Acres

260 North Main Street, Naugatuck, CT 06770

a front view of a house with a swimming pool
6

$500,000

Sold 03/03/25

10
Bedrooms
4,096
Square Feet
0.52
Acres

58 City Hill Street, Naugatuck, CT 06770

a front view of a building with lot of cars and trees
7

$301,000

Sold 07/10/26

3
Bedrooms
3,169
Square Feet
0.25
Acres

2 Salem Street, Naugatuck, CT 06770

$260,000 | 29 Porter Avenue, Naugatuck, CT 06770
8

$260,000

Sold 09/20/24

4
Bedrooms
1,376
Square Feet
0.53
Acres

29 Porter Avenue, Naugatuck, CT 06770

$292,000 | 343 North Main Street, Naugatuck, CT 06770
9

$292,000

Sold 11/27/24

4
Bedrooms
1,232
Square Feet
0.12
Acres

343 North Main Street, Naugatuck, CT 06770

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Location

Listing Courtesy of Nickie Otoole Realty LLC, Nicolette O'toole

Sold By eXp Realty, Jason J Arcuri

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Building Information for 137 Spring Street

Stories-Residences6Year Built1900Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

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$2,366 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,423

Property Taxes

$943

HOA Dues

$0

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Property Information for 137 Spring Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Bridge St (Rt 68) to Spring St corner Spring and Andrew
  • Elementary School: Per Board of Ed
  • High School: Naugatuck
  • Latitude: 41.503086
  • Longitude: -73.053439
  • Middle Jr High School: City Hill
  • Neighborhood Amenities: Park, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2018-June 2019
  • Property Tax: $11,311
Virtual Tour
  • Virtual Tour: No
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Baseboard, Hot Air
  • Attic YN: No
  • Laundry Room Info: None
  • Rooms Total: 24
Property
Property and Assessments
  • Color: yellow/cream
  • Construction Description: Frame
  • Driveway Type: None
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry
  • Fuel Tank Location: Non Applicable
  • Gross SQFT Per Public Records: 7872
  • New Construction Type: No/Resale
  • Roof: Flat, Other
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Sq Ft Est Heated Below Grade: 0
  • Living Area SQFT Per Public Records: 5634
Lot Information
  • Lot Description: Corner Lot
  • Parcel Number: 2264934
  • Sq Ft Est Heated Above Grade: 5634.0
  • Sq Ft Total: 5634.0
  • Zoning: C
Utilities
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: 30 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 18911
  • Gross Annual Income: 52200
  • Net Operating Income: $33,289
  • Occupied By: Tenant
  • Total Number of Units: 6
  • Total Rooms Multi Family: 24
Building Details
  • Unit Count: 6
Unit 1
  • Lease: Leased
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 01-22-2019
  • Unit Monthly Rent: $725
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 01-22-2019
  • Unit Monthly Rent: $800
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 01-22-2019
  • Unit Monthly Rent: $600
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 01-22-2019
  • Unit Monthly Rent: $775
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 5
  • Lease: Leased
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 01-22-2019
  • Unit Monthly Rent: $725
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 6
  • Lease: Leased
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 01-22-2019
  • Unit Monthly Rent: $725
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant

Property History for 137 Spring Street

DateEvent & SourcePriceAppreciation
Jun 6, 2019

Closed (Public Record)

Public Record #646867833

$273,000—
Jun 6, 2019

Closed (Public Record)

Public Record #1317527556

$273,000

-0.7% / yr

Jul 26, 2010

Closed (Public Record)

Public Record #294578494

$290,000

+10.3% / yr

DateEvent & SourcePrice
06/06/2019

Closed (Public Record)

Public Record #646867833

$273,000
06/06/2019

Closed (Public Record)

Public Record #1317527556

$273,000

-0.7% / yr

07/26/2010

Closed (Public Record)

Public Record #294578494

$290,000

+10.3% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 137 Spring Street

Taxable ValueLand$29,540Additions$325,570Total$355,110
Tax Record2025$14,130 ($1,178 / month)
Home Facts
Baths8Total Finished SqFt5,634 SqFtAbove Grade Finished SqFt5,634 SqFtUnfinished Basement SqFt1,878 SqFtStories3Lot Size3,920 SqFtStyleMulti-Family Res (5+ Units)Year Built1900Year Renovated1900ZoningRA1CountyNAUGATUCK VALLEYAPNNAUG M:069 L:5810

Schools near 137 Spring Street

This home is within Naugatuck School District.
Rating
School
Type
Grades
Distance
Hop Brook Elementary School
Public - K to 4
City Hill Middle School
Public - 7 to 8
Naugatuck High School
Public - 9 to 12
Hillside Intermediate School
Public - 5 to 6
Rating
School
Distance
Hop Brook Elementary School
PublicK to 4

City Hill Middle School
Public7 to 8

Naugatuck High School
Public9 to 12

Hillside Intermediate School
Public5 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 137 Spring Street, Naugatuck, CT 06770
$280,000
12
5,634
3,920
10 Anderson Street, Naugatuck, CT 06770
$205,550
–
4
3,600
6,970
16 Anderson Street, Naugatuck, CT 06770
–
3
1.5
1,624
5,227
142 Spring Street, Naugatuck, CT 06770
$130,000
3
1,007
8,276
149 Spring Street, Naugatuck, CT 06770
$65,000
–
2
1,352
18,731
132 Spring Street, Naugatuck, CT 06770
$1
3
1,196
–

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Listing Courtesy of Nickie Otoole Realty LLC, Nicolette O'toole

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.