701 S Main St

Waterbury, CT 06706

$2,700,000
Price
9
Beds
7,728 Sq. Ft.
$349 / Sq. Ft.
7,728
Sq. Ft.
$349
per Sq. Ft.

Description

Truly turn-key portfolio opportunity in Waterbury's South End, offering strong in-place cash flow with upside. 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...Truly turn-key portfolio opportunity in Waterbury's South End, offering strong in-place cash flow with upside. 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 potential through continued stabilization and rent increases.
  1. Listed by Amanda R Faroni-Sheehan • Oxford Realty
    P: (203)-314-4219 C: (203)-314-4219 amanda@oxfordrealtyco.com

Property Details for 701 South Main Street

Basement Description
Full, Unfinished
Direct Waterfront
No
Garages Number
0
Neighborhood
South End
Style
Units on different Floors, Units are Side-by-Side
Garage Parking Info
Off Street Parking, Driveway, Unpaved
Swimming Pool
No
LISTING UPDATED: 02/11/2026 06:21 PM

Property Details for 701 South Main Street

StatusActive
MLS #24153813
Days on Market1
Taxes$54,402 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1900
Lot Size0.12 AC / 5,227 SF
CountyNew Haven County

Location

Listing Courtesy of Oxford Realty, Amanda R Faroni-Sheehan
Add your commute

Building Information for 701 South Main Street

Stories-Residences25Year Built1900Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$17,693 per month

30 year fixed, 6.15% Interest

Principal and Interest

$13,159

Property Taxes

$4,534

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 701 South Main Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: S Main St between Mill & Bond St.
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Per Board of Ed
  • Latitude: 41.546375
  • Longitude: -73.03764
  • Neighborhood Amenities: Medical Facilities, Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation
  • State: Connecticut
Parking
  • Parking Total Spaces: 25
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $54,402
Interior and Exterior Features
Exterior Features
  • Exterior Features: Sidewalk, Gutters, Lighting, Patio
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Unfinished, Crawl Space, Access Via Hatch
  • Cooling System: Window Unit
  • Heat Type: Baseboard, Hot Air
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Laundry Room Info: Common Laundry Area
  • Laundry Room Location: 691 S Main St rear has a common laundry.
  • Rooms Total: 15
Property
Property and Assessments
  • Color: blue, red, teal, gre
  • Construction Description: Frame
  • Driveway Type: Private, Unpaved
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry, Stone
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle, Flat
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 7728
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 1388638
  • Sq Ft Est Heated Above Grade: 7728.0
  • Sq Ft Total: 7728.0
  • Zoning: CG
Utilities
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Electric, Tank Size Unknown
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 1150887
  • Gross Annual Income: 357300
  • Net Operating Income: $224,348
  • Occupied By: Tenant
  • Total Number of Units: 25
  • Total Rooms Multi Family: 15
Unit 1
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 02-11-2026
  • Unit Monthly Rent: $1,800
  • Unit Num Bedrms: 4
  • Unit Num Rooms: 6
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 02-11-2026
  • Unit Monthly Rent: $1,600
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 02-11-2026
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant

Public Records for 701 South Main Street

Taxable ValueLand$37,940Additions$283,150Total$321,090
Tax Record2024$14,443 ($1,204 / month)
Home Facts
Total Finished SqFt7,728 SqFtAbove Grade Finished SqFt7,728 SqFtUnfinished Basement SqFt418 SqFtStories3Lot Size5,227 SqFtStyleMulti-Family Res (5+ Units)Year Built1900Year Renovated1960ZoningCGCountyNEW HAVENAPNWBRY M:0369 B:0293 L:0006

Schools near 701 South Main Street

This home is within Waterbury School District.
Rating
School
Type
Grades
Distance
Washington School
Public - PK to 5
West Side Middle School
Public - 6 to 8
John F. Kennedy High School
Public - 9 to 12
Maloney Interdistrict Magnet School
Public - PK to 5
Rating
School
Distance
Washington School
PublicPK to 5

West Side Middle School
Public6 to 8

John F. Kennedy High School
Public9 to 12

Maloney Interdistrict Magnet School
PublicPK 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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More information about 701 South Main Street, Waterbury, CT 06706

701 South Main Street is a multi-family home for sale in Waterbury, CT 06706. This listing's school district is Waterbury School District. Nearby schools include Washington School, West Side Middle School and John F. Kennedy High School. 701 South Main Street is a 9-bed, 3-bath, 7,728 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Oxford Realty, Amanda R Faroni-Sheehan

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.