203 S Leonard St

Waterbury, CT 06708

$950,000
Price
19
Beds
6,458 Sq. Ft.
$147 / Sq. Ft.
6,458
Sq. Ft.
$147
per Sq. Ft.

Description

Fantastic investment opportunity that's turn key and cash flowing with 10% ROI and upside! This corner building is a total of 9 units with big unit mix featuring (5) 3 bed/1 bath units, (1) 2 bed, 1 bath unit & 3 studios/1 bath units. All units are spacious AND renovated (8/9) with new flooring throughout, updated kitchens (appliances, cabinets, counters, fixtures); updated bathrooms and overall newer paint + fixtures. All utilities are separate & tenant paid - gas or electric heat and hot water...Fantastic investment opportunity that's turn key and cash flowing with 10% ROI and upside! This corner building is a total of 9 units with big unit mix featuring (5) 3 bed/1 bath units, (1) 2 bed, 1 bath unit & 3 studios/1 bath units. All units are spacious AND renovated (8/9) with new flooring throughout, updated kitchens (appliances, cabinets, counters, fixtures); updated bathrooms and overall newer paint + fixtures. All utilities are separate & tenant paid - gas or electric heat and hot water + separate electrical. There are laundry hookups in most units. There is ample off-street parking for 10+ cars. Low maintenance and turn key opportunity ready for a new owner! Good location for tenants near the highway and downtown for easy access to amenities. Rents are below market = BIG UPSIDE with 11+% CAP pro-forma. This property can be purchased as part of a larger portfolio sale.
  1. Listed by Amanda R Faroni-Sheehan • Oxford Realty
    P: (203)-314-4219 C: (203)-314-4219 amandafaroni25@gmail.com

Property Details for 203 South Leonard Street

Basement Description
Full, Unfinished
Direct Waterfront
No
Neighborhood
South End
Style
Units on different Floors, Units are Side-by-Side
Garage Parking Info
None, Off Street Parking, Unassigned Parking
Swimming Pool
No
LISTING UPDATED: 06/12/2025 12:24 AM

Property Details for 203 South Leonard Street

StatusActive
MLS #24103098
Days on Market27
Taxes$15,097 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1902
Lot Size0.30 AC / 13,068 SF
CountyNew Haven County

Location

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

Building Information for 203 South Leonard Street

Stories-Residences9Year Built1902Building Size-Lot Size0.30 AC / 13,068 SF

Payment Calculator

$6,236 per month

30 year fixed, 6.845% Interest

Principal and Interest

$4,977

Property Taxes

$1,258

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 203 South Leonard Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: on S Leonard St near BENDER.
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Per Board of Ed
  • Latitude: 41.539936
  • Longitude: -73.043594
  • Neighborhood Amenities: Library, Medical Facilities, Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation
  • State: Connecticut
Parking
  • Parking Total Spaces: 12
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $15,097
Interior and Exterior Features
Exterior Features
  • Exterior Features: Sidewalk, Porch, Gutters, Lighting
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: Window Unit
  • Heat Type: Baseboard, Hot Air
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: Washer/Dryer Some Units
  • Rooms Total: 33
Property
Property and Assessments
  • Color: tan
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry, Stone
  • New Construction Type: No/Resale
  • Roof: Flat
  • Year Built: 1902
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 6458
Lot Information
  • Lot Description: Corner Lot, Level Lot
  • Parcel Number: 1391830
  • Sq Ft Est Heated Above Grade: 6458.0
  • Sq Ft Total: 6458.0
  • Zoning: IG
Utilities
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Natural Gas, 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: 37857
  • Gross Annual Income: 128400
  • Net Operating Income: $84,123
  • Occupied By: Tenant
  • Total Number of Units: 9
  • Total Rooms Multi Family: 33
Unit 1
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 06-12-2025
  • Unit Monthly Rent: $1,350
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 06-12-2025
  • Unit Monthly Rent: $1,200
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 06-12-2025
  • Unit Monthly Rent: $1,500
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 06-12-2025
  • Unit Monthly Rent: $1,500
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 5
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 8
  • Unit Full Baths: 1
  • Unit Modified Date: 06-12-2025
  • Unit Monthly Rent: $1,000
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 6
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 06-12-2025
  • Unit Monthly Rent: $1,500
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 7
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Modified Date: 06-12-2025
  • Unit Monthly Rent: $900
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 2
  • Unit Occupied By: Tenant
Unit 8
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 7
  • Unit Full Baths: 1
  • Unit Modified Date: 06-12-2025
  • Unit Monthly Rent: $800
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 2
  • Unit Occupied By: Tenant

Property History for 203 South Leonard Street

DateEvent & SourcePriceAppreciation
May 22, 2019

Closed (Public Record)

Public Record #646867753

$295,000

+33.3% / yr

Aug 6, 2018

Closed (Public Record)

Public Record #629111903

$235,000

+0.1% / yr

Mar 22, 2006

Closed (Public Record)

Public Record #193770190

$232,000—
DateEvent & SourcePrice
05/22/2019

Closed (Public Record)

Public Record #646867753

$295,000

+33.3% / yr

08/06/2018

Closed (Public Record)

Public Record #629111903

$235,000

+0.1% / yr

03/22/2006

Closed (Public Record)

Public Record #193770190

$232,000

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

Public Records for 203 South Leonard Street

Taxable ValueLand$43,750Additions$328,020Total$371,770
Tax Record2023$18,380 ($1,532 / month)
Home Facts
Total Finished SqFt6,458 SqFtAbove Grade Finished SqFt6,458 SqFtUnfinished Basement SqFt2,126 SqFtStories3Lot Size13,068 SqFtStyleMulti-Family Res (5+ Units)Year Built1902Year Renovated1965ZoningIGCountyNEW HAVENAPNWBRY M:0414 B:0322 L:0009

Schools near 203 South Leonard Street

This home is within Waterbury School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 5
Public - 1 to 5
Rating
School
Distance
Duggan School
PublicPK to 8

John F. Kennedy High School
Public9 to 12

Brooklyn Elementary School
PublicK to 5

B.W. Tinker Bdlc
Public1 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.

Similar Homes

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203 South Leonard Street is a multi-family home for sale in Waterbury, CT 06708. This property was listed for sale on June 10, 2025 by Oxford Realty, it's currently listed at $950,000. It has been on the market for a total of 27 days and was last sold on May 22, 2019. This listing's school district is Waterbury School District. Nearby schools include Duggan School, John F. Kennedy High School and Brooklyn Elementary School. 203 South Leonard Street is a 19-bed, 8-bath, 6,458 sqft multi-family home built in 1902.

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 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.