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Investment Highlights

  • 2 Adjacent Buildings
  • 4 Apartments: All 3 Bed Units
  • Off-Street Parking for Apartment Tenants
  • 4 Commercial Spaces
  • Separate & Tenant Paid Utilities
  • Rents Below Market = Big Upside!

Executive Summary

xceptional investment opportunity featuring two adjacent commercial buildings totaling 8 units on highly visible East Main Street in Waterbury. This fully occupied portfolio offers strong in-place cash flow with a desirable mix of commercial and residential tenants, plus separate and tenant-paid utilities throughout for efficient ownership and minimal landlord expense. 651 E Main Street consists of a fully occupied 2-unit commercial building totaling 2,585 SF. Tenants pay all utilities with no owner's meter, creating streamlined management and low operating costs. 669 E Main Street is a fully occupied mixed-use property totaling 7,371 SF, compromised of 2 ground floor commercial units and 4 residential apartments above. All residential units feature spacious 3bed, 1bath unit mix. Utilities are separately metered, and tenant paid. There is one parking space per apartment behind the building. Positioned along a heavily traveled street with excellent visibility and accessibility, the properties benefit from proximity to downtown Waterbury, Saint Mary's Hospital, Hamilton Park, a variety of shopping, restaurants, public transportation, and major highways. Ideal opportunity for investors seeking stable mixed-use assets with strong occupancy and long-term upside potential.

Property Facts

Price $899,900
Price / SF $87.23 / SF
Cap Rate 6.27%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 10,316 SF
Total Land Area 0.25 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
669 E Main St, Waterbury, CT 06702 Retail 7,731 SF 1928 -
651 E Main St, Waterbury, CT 06702 Retail 2,585 SF 1924 -
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  • Listing ID: 40620058

  • Date on Market: 5/21/2026

  • Last Updated:

  • Address: 8 Units | Cash Flow, Close to Downtown, Waterbury, CT

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