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41 Beds
28 Baths
6,520 sqft

$2,650,000

493 Meadow Street, Waterbury CT, 06702

Price per sqft$406.44
Built in1900
Property size6,520 sqft
Property typeMulti-family

Overview

Active

Listed Aug 3, 2026

Updated Aug 25

Exceptional opportunity to acquire a 27-unit mixed-use investment consisting of 21 apartments and 6 retail spaces across two well-maintained brick buildings and one dedicated parking lot. Offered at a solid 8.0 Cap with additional upside rent potential. The unit count, unit mix, and financial information have been recently verified and updated to reflect the current operating performance. The portfolio includes 343 West Main Street, a four-story, 20,428 SF building with 17 apartments (1 one-bedroom, 14 two-bedroom, and 2 three-bedroom units) and 4 fully leased retail spaces, and 493 Meadow Street, a three-story, 6,520 SF building with 4 apartments (2 two-bedroom and 2 three-bedroom units) and 2 fully leased retail spaces. The residential units participate in the Mod Rehab Housing Assistance Program, providing stable occupancy and consistent rental income. The commercial component is occupied by established long-term tenants, including an appliance retailer, tax and insurance agency, bar & grill, salon, and convenience stores. Recent capital improvements include partial roof replacements (2022) and 15 recently replaced high-efficiency heating systems. All residential and commercial units are separately metered, with tenants responsible for their own utilities, helping to minimize landlord operating expenses. A well-maintained, cash-flowing property with a diversified income stream - ready for a new owner to realize the potential!

$17,631/mo

Est. mortgage payment based on a $2,650,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
24196449

Interior Features

Bedrooms
41
Bathrooms
28
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.07 Acres

Other Property Details

Taxes
$10,949
Tax Frequency
Annually
MLS provider logo

Listed by Vianeliz Henriquez with Sky Realty Group (203) 707-7259

The IDX display contains information sourced from SmartMLS, Inc. as of 8/25/2026. This information is for personal, non-commercial use only and may not be used for any purpose other than identifying properties the viewer may be interested in purchasing. MLS data is generally considered reliable but is not guaranteed accurate by the MLS. Buyers are responsible for verifying all information and should conduct their own investigation or consult a professional. Some MLS data may have been provided by sources other than the listing agent. Unless stated in writing, the Broker/Agent has not verified information obtained from outside sources. The Broker/Agent may or may not have been the listing and/or selling agent, and cannot guarantee the accuracy of any property location shown on a map. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 8/25/2026 at 3:49 AM UTC.

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