This century portfolio in Waterbury, is a prime investment offering with 23 apartments and 2 commercial spaces spread over 3 parcels and 6 buildings. Built historically as part of the South End, it blends classic early 20th-century architecture with modern renovations completed in 2017, such as vinyl siding, replacement windows, refurbished porches, and roofs. Featuring largely separate utilities, updated interiors with hardwood floors, and spacious unit layouts, it supports a strong tenant base and low vacancy. The site has over 20 parking spots and offers easy access to major highways. Priced at $2.8 million, this turnkey property generates a notable 23% ROI and 11+% CAP rate, presenting excellent upside potential.

Neighborhood Street View

Three-story multi-family homes line a quiet street, with a variety of historic architectural styles and colors. The left building is dark brown with white trim and features a traditional bay window and porch. Next to it, a striking red house contrasts with gray and white houses surrounding it. The middle buildings include a muted olive green and blue-gray, both with simple rectangular windows and flat roofs. A hill with sparse trees and a metal cross silhouette rises in the background under a clear blue sky. The foreground shows a wide sidewalk, a parked SUV, and an empty lot with scattered debris.

Historic Property Overview

Aerial view of a cluster of historic residential buildings outlined to highlight property boundaries. The group consists of multi-story townhouse-style homes painted in muted colors such as brown, red, green, and gray, each with distinct architectural elements like bay windows, front porches, and pitched roofs. The buildings line a paved main road with visible driveways and sidewalks. Surrounding the property are additional homes, trees, and open land, suggesting an older urban neighborhood with some vacant plots. The contrast between the structured homes and the open, undeveloped areas evokes early 20th-century urban residential development patterns.

Historic Home Exterior

A narrow three-story house with green siding and white trim stands prominently between two larger neighboring buildings. The facade is symmetrical with six windows evenly spaced, three on each floor, above a white base that contrasts with the darker green siding. The front door and a small side door are sheltered by a slight overhang, with a small concrete sidewalk directly in front separating the house from the two-lane street. The overall impression is of an urban, older American home with practical design, simple classical proportions, and muted color tones blending with the surrounding structures.

Neighborhood Street View

A cluster of historic residential buildings line a main street in a modest urban neighborhood. The architecture consists primarily of multi-story wooden homes painted in muted tones like gray, green, and red, with varied roof styles including flat and gabled. Some buildings display classic features such as bay windows and wooden porches. The street is paved and marked with a yellow dividing line, bordered by sidewalks. Surrounding the houses are small yards and patches of bare earth or grass, with a mix of older structures and some vacant lots visible in the background, giving a sense of ongoing urban transition.

Backyard and Rear Facade

A two-story house stands with light gray siding and white trim, creating a muted and classic exterior look. A small covered porch at the rear, supported by decorative wooden brackets, opens to a set of wooden stairs leading down to a bare dirt and patchy grass backyard. Two windows on the second floor and one on the first floor provide minimal but functional natural light. Satellite dishes are mounted on the roof’s edge. The yard is unfenced except for a chain link section to the left, with some parked vehicles visible on the neighboring property, indicating an urban or semi-urban setting.

Exterior View

A two-story house with light gray siding and a brown shingled roof stands on a spacious lot. The house has white trim around the multiple windows, accentuating the clean, traditional lines of the structure. A covered porch with decorative white posts and railings is accessed by wooden steps. The area around the house features a gravel and dirt driveway with several parked vehicles. Nearby, a multi-story wooden stairway attached to an adjacent building and an open fenced yard with sparse vegetation add to the utilitarian aesthetic of the exterior space.

Backyard and Exterior Stairs

A two-story red wooden house with white trim is shown from its backyard. A wooden staircase leads up to a small covered porch serving as an upper entrance. The ground floor has a white door under a small awning and several white-framed windows. The yard is semi-grassy with patches of bare soil and a gravel pathway running alongside the house. Adjacent buildings are closely positioned, one sided with grey siding and the other a tall brown structure with multiple balconies. The atmosphere is quiet, under a bright blue sky with a few clouds.

Exterior Rear View

A three-story residential building with wood siding painted sage green is shown from the rear. Exterior wooden staircases zigzag up, providing access to upper floors through covered porches. The base has a white door entry accessible by a short flight of wooden steps. Two bicycles are parked on the gravel ground beneath the stair landing. A silver SUV is parked on the unpaved driveway beside the building. Nearby, neighboring homes with distinct siding—gray vertical panels to the left and rustic red wooden siding to the right—frame the scene under a partly cloudy blue sky.

Rear Exterior & Parking Area

A large gravel parking area is bordered by a three-story gray-sided building with numerous evenly spaced windows and a small entry door accessible via wooden stairs. Adjacent to the gray building, a beige house and a green building with wooden stairs reinforce the historic residential neighborhood feel. The presence of utility lines, a snowplow vehicle, and recycling bins hint at a practical, lived-in environment. The ground is expansive and open, ideal for parking or access, framed by a low brick foundation beneath the primary structure. The sky is vivid blue, complementing the utilitarian aesthetic of this service side of the property.

Parking Area Behind House

A large gravel parking lot situated behind a row of residential buildings, bordered by bare deciduous trees and a few scattered shrubs. Several vehicles, including a white van and a gray truck, are parked casually, with one light blue car having open doors. The surrounding buildings have vinyl siding painted in neutral tones of beige and gray, reflecting a practical, modest suburban aesthetic. Overhead utility cables stretch across the space, adding to the utilitarian feel. The area is open and functional, with minimal landscaping and a clear view of the neighborhood in the distance under a bright blue sky with thin clouds.

Neighborhood Overview

Rows of older residential buildings and multi-family homes surround a mix of paved and unpaved parking areas. Most buildings have simple rectangular forms with pitched roofs covered in shingles or tar. Colors mostly range from neutral grays and beiges to muted blues, indicating functional, modest residences. Wooden staircases and balconies are attached to some homes, suggesting outdoor access and small communal spaces. The background reveals a large abandoned lot with cracked concrete and sparse vegetation, portraying an area undergoing decline or transition, blending urban decay with residential density in this historic neighborhood.

Neighborhood Exterior Overview

A cluster of mostly older residential buildings arranged closely together amid a partly paved and partly overgrown lot with scattered debris. The structures vary in color, including beige, muted green, grey, and blue tones, displaying simple, utilitarian architecture with pitched and flat roofs. Some buildings feature external staircases and covered porches, suggesting multi-family occupancy. The surrounding environment includes cracked asphalt, utility poles, and sparse vegetation, evoking an urban neighborhood in moderate disrepair or transition. Vehicles are parked on the lot, and the area beyond the buildings appears vacant or underdeveloped.

Kitchen Area

Light wood cabinetry, both upper and lower, with a simple design provides storage along one wall. The countertop appears to be a muted blue-gray laminate with a small stainless steel sink and single faucet. The kitchen is equipped with a white electric stove and a matching white refrigerator, positioned side by side against the adjacent wall. Neutral beige walls and white baseboards contribute to a clean and understated aesthetic. The flooring is a warm-toned wood-look laminate that adds a cozy element to the otherwise minimal and practical space. The overall layout is open with two doorways leading to other rooms.

Simple Kitchen Area

Neutral beige walls create a warm backdrop paired with light wood cabinetry and laminate wooden floors that add texture and warmth to the space. A plain white electric stove and matching white refrigerator sit side by side near a large window that floods the room with natural light. The open doorway leads to an adjacent room with similar flooring and wall color, suggesting continuity in design. White baseboards and door trim provide a crisp contrast to the beige walls, maintaining a clean and simple aesthetic in this modest kitchen area.

Kitchen Area

A compact kitchen space with light beige walls and a warm, natural wood plank floor. Wood cabinetry lines the right side of the room, featuring simple, unadorned doors with small, round silver knobs. A dark countertop contrasts softly with the wood cupboards below and the stainless steel sink is visible. A single white door is centered on the far wall, likely leading to another room or pantry. Two electrical outlets are present on the wall, and a window to the left provides natural light and a view outside, contributing to a bright, open feel.

Empty Corner Room

Light wood-toned flooring with subtle grain patterns complements the soft beige walls, creating a warm and neutral palette. Three windows, including a pair positioned closely in a bay-like arrangement, allow ample natural light and offer views of an open landscape beyond. White trim and baseboards frame the windows and floor boundary neatly. The walls have clean, unembellished surfaces with simple electrical outlets indicating modern updates. The ceiling is smooth with a central flush-mounted light fixture, adding a functional yet understated element. The slightly angled wall adds architectural interest to the otherwise simple and bright space.

Empty Room Interior

Compact room with warm beige walls and matching ceiling creates a neutral, calming atmosphere. The flooring consists of medium-toned wood planks that bring natural texture and subtle color variation to the space. White baseboards accentuate the boundaries between walls and floor, adding a clean, crisp touch. A classic six-panel white door, slightly ajar, offers architectural detail and invites a glimpse into adjacent areas finished with similar light hues and wood flooring. The room has a simple, unadorned layout with minimal fixtures, including a ventilation grille set high on one wall and a single electrical outlet near the floor.

Entryway Area

The space presents a simple, clean entryway or transitional area connecting rooms. Walls are painted in a warm beige tone, complemented by white trim around doors and baseboards. The flooring is a light wood laminate with natural grain patterns, giving a subtle warmth. A white bi-fold closet door hints at storage, while two HVAC vents, one near the ceiling and one near the floor, indicate climate control integration. Electrical outlets and a thermostat on the wall add modern conveniences. This understated area emphasizes function and simplicity, awaiting personalization or furnishing.

Empty Room with Windows

Rectangular room with smooth beige walls and light wood laminate flooring creates a warm yet neutral palette. Two vertical windows with white frames allow natural light to enter, offering outside views and adding brightness. White baseboards line the floor, contrasting subtly with the wall color. Electrical outlets are positioned on either side of the windows. The ceiling is flat and painted white, maintaining a clean, simple aesthetic. The room’s minimalist finish offers a blank canvas suitable for various uses, emphasizing openness, light, and understated warmth. The space feels fresh and ready for personalization.

Small Bedroom Corner

Compact corner of a bedroom with beige walls and light wood laminate flooring sets a neutral and warm tone. White baseboards add subtle contrast while a small closet door, painted white with a simple brass knob, nestles into the corner. A single window framed in white lets in natural light and offers a glimpse of neighboring buildings’ siding. The ceiling has a few minor imperfections, lending character to the space. Minimalist, neutral styling makes the room a blank canvas suited for personalization.

Empty Bedroom Interior

Neutral beige walls create a calm and warm atmosphere in this empty bedroom. Light wood laminate flooring adds a smooth, contemporary touch contrasting softly with white baseboards and door trim. A large window framed in white lets in natural light, brightening the space and offering a view of neighboring rooftops. The open six-panel white door leads to an adjoining room or hallway, enhancing openness. Ventilation grilles high on the wall and functional electrical outlets hint at modern utilities. The room’s simplicity provides a blank canvas for personalized decor and furnishings.

Bathroom Details

A compact bathroom with beige walls contrasts with a vibrant blue and gold marbled shower curtain that adds a striking modern touch. The white vanity with a built-in sink and silver faucet offers a clean and simple design, complemented by matching cabinet knobs. The white toilet has a classic shape with a subtle gold handle detail. Warm wood-tone flooring brings natural warmth to the space. The overall aesthetic balances neutrality with a bold splash of color, creating a fresh yet functional room in the home.

Empty Bedroom Corner

Light beige walls create a neutral backdrop contrasted by warm, honey-toned wood flooring with a subtle grain. Two double-hung windows with white trim allow natural light to fill the room, offering a view of exterior siding on an adjacent structure. An open white door with a simple round brass knob leads to another room, where an additional door is visible. The clean, minimalist design and muted colors evoke a quiet and versatile space, ideal for customizing for various uses such as a bedroom or home office. Baseboards and trim maintain a crisp, clean aesthetic.

Empty Room Interior

The room presents a clean, neutral aesthetic with beige walls and light wood laminate flooring, creating a warm and inviting atmosphere. White trim accents the baseboards and door frames, adding subtle contrast. Two white doors are visible; one on the left wall, likely a closet, and another on the right wall that opens into an adjoining hallway. The ceiling is textured with a single overhead light fixture. The overall space is minimalistic, bright, and ready for personalization, reflecting a modern yet simple style perfect for a bedroom or small living area.

Listing Agent: Amanda R. Faroni-Sheehan of Oxford Realty via Zillow