224 Echo Lake Rd

Watertown, CT 06795

$350,000
Last Sold Price
3
Beds
2,238 Sq. Ft.
$156 / Sq. Ft.
2,238
Sq. Ft.
$156
per Sq. Ft.
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Closed 5/6/25
Closed 5/6/25

Description

Perfect Investment Opportunity: Fully Leased Mixed-Use Gem in Watertown For the discerning investor seeking a solid income-producing asset, this fully leased mixed-use property in the heart of Watertown presents an exceptional opportunity. This well-maintained building with numerous updates offers a diverse income stream, featuring two residential units alongside a thriving, established nail salon occupying the prime first-floor commercial space. Benefit from immediate cash flow with all units currently...Perfect Investment Opportunity: Fully Leased Mixed-Use Gem in Watertown For the discerning investor seeking a solid income-producing asset, this fully leased mixed-use property in the heart of Watertown presents an exceptional opportunity. This well-maintained building with numerous updates offers a diverse income stream, featuring two residential units alongside a thriving, established nail salon occupying the prime first-floor commercial space. Benefit from immediate cash flow with all units currently leased, ensuring a seamless transition for the new owner. The two residential units, thoughtfully designed for tenant comfort, will consistently attract reliable renters. The established nail salon provides a stable commercial tenant, adding to the property's appeal and financial security. This property's strategic location in Watertown offers excellent visibility and accessibility, contributing to its consistent tenant occupancy. The diverse tenant mix minimizes risk and maximizes potential returns, making this a truly attractive investment. Don't miss this chance to acquire a fully leased, income-generating property with a proven track record plus room to increase rent! A turnkey investment perfect for those seeking a reliable addition to their portfolio.
  1. Listed by Gregg Leonard • William Raveis Real Estate
    P: (860)-626-5004 C: (860)-626-5004 gregg.leonard@raveis.com

Property Details for 224 Echo Lake Road

Basement Description
Full
Direct Waterfront
No
Neighborhood
N/A
Style
Units on different Floors, Other
Garage Parking Info
Paved, Off Street Parking
Swimming Pool
No
LISTING UPDATED: 06/11/2026 06:52 AM

Property Details for 224 Echo Lake Road

StatusClosed
MLS #24081084
Days on Market7
Taxes$4,790 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / 3 Family
Year Built1955
Lot Size0.28 AC / 12,196 SF
CountyLitchfield County
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Location

Listing Courtesy of William Raveis Real Estate, Gregg Leonard

Sold By Coldwell Banker Realty, Kenneth Viele, Jr.

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Building Information for 224 Echo Lake Road

Stories-Residences3Year Built1955Building Size-Lot Size0.28 AC / 12,196 SF

Payment Calculator

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$2,143 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,744

Property Taxes

$399

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 224 Echo Lake Road

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly
  • Elementary School: Per Board of Ed
  • High School: Watertown
  • Intermediate School: Per Board of Ed
  • Latitude: 41.604222
  • Longitude: -73.108899
  • Middle Jr High School: Per Board of Ed
  • Neighborhood Amenities: Lake, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Tennis Courts
  • State: Connecticut
Parking
  • Parking Total Spaces: 5
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $4,790
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch, Gutters
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: Central Air, Window Unit
  • Heat Type: Hot Air
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: Basement Hook-Up(s), Hook-Up In Unit 1
  • Rooms Total: 9
Property
Property and Assessments
  • Color: White
  • Construction Description: Frame
  • Exterior Siding: Aluminum
  • Foundation Type: Concrete, Masonry
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1955
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 2238
Lot Information
  • Lot Description: Corner Lot, Level Lot
  • Parcel Number: 911332
  • Sq Ft Est Heated Above Grade: 2238.0
  • Sq Ft Total: 2238.0
  • Zoning: BG
Utilities
  • Heat Fuel Type: Natural Gas, Oil
  • Hot Water Description: Other, Tankless Hotwater
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 9900
  • Gross Annual Income: 36900
  • Net Operating Income: $27,000
  • Occupied By: Tenant
  • Total Number of Units: 3
  • Total Rooms Multi Family: 9
Unit 1
  • Lease: Leased
  • Lease Expires: 08-31-2025
  • Unit Entry Order: 3
  • Unit Half Baths: 1
  • Unit Modified Date: 03-21-2025
  • Unit Monthly Rent: $900
  • Unit Num Bedrms: 0
  • Unit Num Rooms: 2
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 04-30-2025
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 03-21-2025
  • Unit Monthly Rent: $575
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 2
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Lease Expires: 10-31-2025
  • Unit Appliances: Oven/Range,Refrigerator,Washer,Dryer
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 03-21-2025
  • Unit Monthly Rent: $1,600
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant

Property History for 224 Echo Lake Road

DateEvent & SourcePriceAppreciation
May 6, 2025

Closed (Public Record)

Public Record #1557648088

$350,000

+20.1% / yr

Jul 6, 2023

Closed (Public Record)

Public Record #1514655404

$250,000

+9.7% / yr

Feb 21, 2018

Closed (Public Record)

Public Record #617789237

$152,000—
DateEvent & SourcePrice
05/06/2025

Closed (Public Record)

Public Record #1557648088

$350,000

+20.1% / yr

07/06/2023

Closed (Public Record)

Public Record #1514655404

$250,000

+9.7% / yr

02/21/2018

Closed (Public Record)

Public Record #617789237

$152,000

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

Public Records for 224 Echo Lake Road

Taxable ValueLand$63,420Additions$105,420Total$168,840
Tax Record2024$5,072 ($423 / month)
Home Facts
Total Finished SqFt2,238 SqFtAbove Grade Finished SqFt2,238 SqFtUnfinished Basement SqFt1,140 SqFtStories2Lot Size12,197 SqFtStyleOffice BuildingYear Built1955Year Renovated1980ZoningBGCountyNAUGATUCK VALLEYAPNWTWN M:110 B:81 L:1

Schools near 224 Echo Lake Road

This home is within Watertown School District.
Rating
School
Type
Grades
Distance
John Trumbull Primary School
Public - PK to 2
Swift Middle School
Public - 6 to 8
Watertown High School
Public - 9 to 12
Polk School
Public - 3 to 5
Rating
School
Distance
John Trumbull Primary School
PublicPK to 2

Swift Middle School
Public6 to 8

Watertown High School
Public9 to 12

Polk School
Public3 to 5

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of William Raveis Real Estate, Gregg Leonard

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.