Exceptional mixed-use investment opportunity offering 11,760 SF of income-producing space in Waterbury's highly visible East End. The entire first floor, totaling approximately 6,500 SF, is leased long-term to a well-established and stable pawn shop, providing dependable commercial income. The second floor features three beautifully renovated residential apartments consisting of a 1-bedroom/1-bath unit, a spacious 4-bedroom/2-bath unit, and an oversized 6-bedroom/2-bath unit, creating a diverse unit mix with strong rental appeal. The residential units have been tastefully updated and are well maintained, minimizing deferred maintenance while maximizing tenant demand. High-efficiency COMBI boilers provide both heat and domestic hot water, with all utility costs separately metered and tenant paid. The property features abundant off-street parking, offering excellent accessibility for customers and ample parking for tenants. Situated on a large corner lot, the property benefits from outstanding visibility, steady traffic counts, and convenient access to I-84, Route 8, Downtown Waterbury, shopping, restaurants, and public transportation. Combining stable commercial tenancy with renovated residential units, this is an excellent opportunity for investors seeking reliable cash flow, long-term stability, and future appreciation in one of Waterbury's established commercial corridors.
East End, located between Downtown Waterbury and the Naugatuck River corridor, is a residential and industrial Waterbury neighborhood with hillside streets and brick mill backdrops. Character concentrates around East Main Street near the Palace Theater corridor, where corner markets, long-running eateries, and storefront services set a steady, street-level rhythm. The Mattatuck Museum and the Palace Theater act as cultural anchors tied closely to the neighborhood’s daily orbit. Housing reads as a mix of early-20th-century multifamily blocks and compact single-family homes, with porches and tight setbacks. Parks and schoolyards punctuate the slopes, while older factory buildings trace Waterbury’s manufacturing past. Commuter routes funnel toward I-84 and Route 8, shaping a practical, on-the-move feel.
Provided by Walk Score and Local Logic
Market insights
170 Meriden Rd · $895,000
DAYS ON MARKET
39 days
The average home goes pending in 50 days.
SALE-TO-LIST
101.2%
Most homes are selling 1% above list price.
LIST PRICE
$895,000
Median list price in this area is $490,275. (45% lower than this home)
PRICE DROP
0 price drops
9% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
18 total rooms
Full unfinished basement
Window unit cooling
Bedrooms
12 bedrooms (total across property)
Bathrooms
6 full bathrooms
Heating & cooling
Natural gas heating
Hot air heat
Tankless natural gas hot water
Exterior features
Corner lot
Vinyl siding
Asphalt shingle and flat roofs
Private driveway
Paved off-street parking and driveway access
Home design
Multi-family property (4-family)
Parking
Parking for 20 vehicles
Private driveway
Off-street paved parking
Construction
Frame construction
Masonry and stone foundation
White and tan exterior colors
Utilities
Public water connected
Public sewer connected
Natural gas service
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Finished Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
New Haven County
APN
999999999
Parking Spaces
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Basement
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Accessible
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Last updated by owner on Dec 7, 2023.
RM
Medium Density Multi-Family Residential District
The RM District is established to provide for a variety of housing choices and limited nonresidential uses. The District allows for moderate density multi-family residences, townhouses, and Residential Campus Developments. Uses and Conditional Accessory Uses are permitted by Zoning Permit, Special Permit, or Special Exception approval as provided in of these Regulations.
Permitted uses
Include but are not limited to:
No uses permitted by right
Historical weather
Waterbury, CT • 06705
Average low and high temperatures (°F)
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73
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45
51
36
37
23
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Sun exposure
89/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 170 Meriden Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $350,000 and $495,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $350K to $495K.