137 Spring Street

Closed 5/30/19

Sold

Last Sold Price

$280,000

12 beds6 baths5,634 sqft

137 Spring St, Naugatuck, CT 06770

Multi FamilyProperty Type

0.09 acresLot Size

1900Year Built

$50/sq ftPrice per sq ft

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.

Listed by: Nicolette O'toole 203.710.6185 realestate@nickieotoole.com • Nickie Otoole Realty LLC

Listing closed: 05/30/2019 12:00 AM • Source: SMARTMLS, MLS#: 170157707

Recent comparable sales

Median sold price

$555,000

Avg days on market

Sale-to-list ratio

96.5%

$555,000

Sold 05/15/26

12
Bedrooms: 8
Bathrooms: 5,248
Square Feet: 0.13
Acres

32 Greenwood Street, Naugatuck, CT 06770

$625,000

Sold 04/04/25

Unavailable
Bedrooms: 6
Bathrooms: 6,478
Square Feet: 0.13
Acres

266 North Main Street, Naugatuck, CT 06770

$652,500

Sold 06/30/25

8
Bedrooms: 6
Bathrooms: 3,481
Square Feet: 0.2
Acres

230 North Main Street, Naugatuck, CT 06770

$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

Sold 12/31/24

11
Bedrooms: 4
Bathrooms: 4,218
Square Feet: 0.32
Acres

260 North Main Street, Naugatuck, CT 06770

a front view of a house with a swimming pool

$500,000

Sold 03/03/25

10
Bedrooms: 5
Bathrooms: 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

$301,000

Sold 07/10/26

3
Bedrooms: 2
Bathrooms: 3,169
Square Feet: 0.25
Acres

2 Salem Street, Naugatuck, CT 06770

$618,000

Sold 09/11/26

6
Bedrooms: 5
Bathrooms: 3,605
Square Feet: 0.33
Acres

27 Salem Street, Naugatuck, CT 06770

$292,000

Sold 11/27/24

4
Bedrooms: 2
Bathrooms: 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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$2,437 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,495

Property Taxes

$943

HOA Dues

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Property Information for 137 Spring Street

Property Details

Taxes: $11,311 / year
MLS Type: Multi-Family / 5 Family+
County: New Haven County
Basement Description: Full, Dirt Floor, Hatchway Access
Direct Waterfront: No
Garages Number: 0
Style: Units on different Floors
Garage Parking Info: On Street Parking
Swimming Pool: No

Building Information

Residences: 6
Year Built: 1900
Lot Size: 0.09 AC / 3,920 SF

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

Date	Event & Source	Price	Appreciation
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
Oct 16, 2006	Closed (Public Record) Public Record #205104954	$200,000	-4.7% / yr
May 12, 2004	Closed (Public Record) Public Record #137671158	$225,000	—

Date	Event & Source	Price
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
10/16/2006	Closed (Public Record) Public Record #205104954	$200,000 -4.7% / yr
05/12/2004	Closed (Public Record) Public Record #137671158	$225,000

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
5/10	Hop Brook Elementary School	Public - Nearby school	K to 4	0.1 mi
3/10	City Hill Middle School	Public - Serves this home	7 to 8	1.1 mi
4/10	Naugatuck High School	Public - Serves this home	9 to 12	1.3 mi
5/10	Hillside Intermediate School	Public - Nearby school	5 to 6	0.8 mi
6/10	Western School	Public - Nearby school	K to 4	1.1 mi
5/10	Andrew Avenue School	Public - Nearby school	K to 4	1.5 mi
NR	St. Hedwig School	Private - Nearby school	PK to 8	0.5 mi
NR	St Francis-St Hedwig School	Private - Nearby school	PK to 8	0.7 mi


Rating	School	Distance
5/10	Hop Brook Elementary School PublicK to 4 Nearby school	0.1 mi
3/10	City Hill Middle School Public7 to 8 Serves this home	1.1 mi
4/10	Naugatuck High School Public9 to 12 Serves this home	1.3 mi
5/10	Hillside Intermediate School Public5 to 6 Nearby school	0.8 mi
6/10	Western School PublicK to 4 Nearby school	1.1 mi
5/10	Andrew Avenue School PublicK to 4 Nearby school	1.5 mi
NR	St. Hedwig School PrivatePK to 8 Nearby school	0.5 mi
NR	St Francis-St Hedwig School PrivatePK to 8 Nearby school	0.7 mi

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

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 137 Spring Street, Naugatuck, CT 06770	$280,000	12	6	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	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	2	1,196	–
17 Anderson Street, Naugatuck, CT 06770	$235,000	–	–	4,162	12,632
107 Spring Street, Unit 111, Naugatuck, CT 06770	–	–	–	4,238	–
159 Spring Street, Naugatuck, CT 06770	$135,000	7	3	3,449	–
162 Spring Street, Naugatuck, CT 06770	$3,350,000	–	–	39,481	–
102 Spring Street, Naugatuck, CT 06770	$605,000	15	6	5,358	3,049
28 Anderson Street, Naugatuck, CT 06770	$1	3	1	1,352	–
19 Brennan Street, Naugatuck, CT 06770	$360,000	4	2	1,728	14,810
95 Spring Street, Naugatuck, CT 06770	$461,250	–	6	3,879	7,841

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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.

Naugatuck, CT

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