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Jennifer D'Amato

jenn.damato@gmail.com +1(203) 605-7865

$ 2,650,000

Est. payment | -/mo

41 Beds

28 Baths

6,520 SqFt

Save

$ 2,650,000

Est. payment | -/mo

Save

41 Beds

28 Baths

6,520 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 6,520 sqft

Price per Sqft $406

MLS Listing ID 24196449

Style Units on different Floors

Bedrooms 41

Full Baths 22

Half Baths 6

Year Built 1900

Annual Tax Amount $11,363

Lot Size 3,049 Sqft

Property Sub-Type 5 Family+

Property Description

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!

Location

State CT

County New Haven

Zoning CBD

Rooms

Basement Full, Unfinished

Interior

Heating Hot Water

Cooling None

Exterior

Waterfront Description Not Applicable

Roof Type Flat

Building

Lot Description Corner Lot

Foundation Brick, Concrete

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

Middle Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Vianeliz Henriquez • Sky Realty Group

Nearby Locations

GET MORE INFORMATION

Jennifer D'Amato

Broker-Associate | Lic# REB.0788209

jenn.damato@gmail.com

+1(203) 605-7865

100 Pearl St, 14th Floor, Hartford, CT, 06103

493 Meadow Street Waterbury, CT 06702

Jennifer D'Amato

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

493 Meadow Street