343-357 W Main St - Apartments FOR SALE


Waterbury, CT 06702- Downtown Waterbury
$2,750,000 USD
203-314-4219
343-357 W Main St, Waterbury, CT for Sale
$2,750,000 USD
Apartments - FOR SALE
1/13
null | 6.78% Cap Rate

343-357 W Main St
Waterbury, CT 06702
Downtown Waterbury


HIGHLIGHTS

  • Downtown, Central Business District
  • 2 Buildings + 31-Car Parking Lot
  • 6 Commercial Units, Ground Level
  • Apartments: (3) 1 Bed, (16) 2 Bed & (2) 3 Bed
  • Separate & Tenant Paid Utilities
  • Updated Units, Roof & Vinyl Windows

OVERVIEW

Exceptional mixed-use investment opportunity Downtown featuring three contiguous parcels totaling 0.42 acres with 26,948 SF of GLA. The offering includes two mixed-use buildings (343-367 West Main St & 495 Meadow St, Waterbury) plus a 31-car parking lot (367 West Main St), providing strong infrastructure for both residential and commercial tenancy. The property consists of 6 ground-level commercial units with stable, long-term tenants, and 21 residential apartments with a unit mix of (3) one-bedroom, (16) two-bedroom, and (2) three-bedroom units. Residential occupancy has historically remained high, reflecting consistent rental demand. Many units have been updated with modern flooring, fixtures, renovated kitchens, and baths. Capital improvements include a newer flat rubber roof, vinyl replacement windows, and mostly newer high-efficiency gas boilers. Utilities are separately metered and tenant-paid, helping to minimize owner expenses. A building-wide fire prevention system further enhances safety and compliance. This well-maintained asset combines diversified income streams, strong parking capacity, and proven occupancy performance, making it a compelling addition to any investment portfolio. Ideally situated with convenient access to I-84 and Route 8, the property is close to Downtown, the UCONN Waterbury campus, shopping, restaurants, and public transportation, making it highly attractive to both residential and commercial tenants.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

21

PRICE/UNIT

$130,952

CAP RATE

6.78%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

27 Units: Downtown Waterbury | Mixed Use

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

CBD

APN/PARCEL ID

WATE-000273-000020-000012

ASK ABOUT THIS PROPERTY

Amanda SheehanOxford RealtyMore Info
203-314-4219

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Amanda SheehanOxford RealtyMore Info
203-314-4219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.