805 Main St, Watertown, CT 06779
- $3,668,000
- 7
- BD
- 3
- BA
- 2,688
- SqFt
- List Price
- $3,668,000
- Status
- PENDING
- MLS#
- 24185537
- Year Built
- 1909
- Bedrooms
- 7
- Bathrooms
- 3
- Acres
- 0.16
- Living Area
- 2,688
- Neighborhood
- N/A
Property Description
Rare opportunity to acquire a well-maintained 28-unit multifamily portfolio spanning 8 buildings across 4 tax parcels in Watertown, CT. The portfolio includes 15 Pythian Ave, 20 Pythian Ave, 28, 38, 48, 58 and 68 Atwood Court, and 805 Main St. Under single ownership for five years, the current owner has completed significant capital improvements including new roofs, siding, and porches throughout, with the majority of units already renovated. At 96.4% occupancy, long-term tenants have kept rents below market, creating immediate upside as units turn over. Current rents generate $32,665/month across a diversified mix of 1, 2, and 3 bedroom units. At $3,668,000 ($131K/door), the property delivers a 7.54% in-place cap rate on current signed leases. Watertown boasts a median household income of $103,200, well above neighboring Waterbury, supporting strong and consistent rental demand. Quiet, private setting within walking distance to local retail. Simple 4-parcel closing structure. Turnkey value-add with the heavy lifting already done.
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Additional Information
- Taxes
- $5,244
- Lot Size
- 6,969
- Heating
- Baseboard
- Cooling System Type
- None
- Water Source
- Public
- Basement
- Full, Unfinished
- Elementary School
- Fletcher W. Judson
- Middle School
- Swift
- High School
- Watertown
Mortgage Calculator
Listing courtesy of Levi Judqin from Brass Moon Realty. (203) 724-7127 (203) 945-1000
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