Welcome to 38 Green Street in Waterbury-a fantastic investment opportunity featuring a rare two-building parcel with a total of six residential units. Each building offers three well-maintained units, all thoughtfully renovated and designed for comfortable living. Every unit features 2 bedrooms and 1 full bathroom, with updated interiors that appeal to today's tenants. Improvements include modern finishes, refreshed kitchens and bathrooms, and functional layouts that maximize space and livability. The property also offers off-street parking, a highly desirable amenity that adds convenience and value for residents. With strong rental potential across all six units, this is an ideal opportunity for both seasoned investors and those looking to expand their portfolio. Conveniently located near local amenities, shopping, and major routes, 38 Green Street combines steady income potential with long-term upside. Don't miss your chance to own a multi-family asset with solid fundamentals in a growing market.
Brooklyn, located between Downtown Waterbury and the Naugatuck River corridor, is a residential and industrial Waterbury neighborhood with hillside streets and brick mill backdrops. The neighborhood’s character concentrates around East Main Street near the Waterbury Green, where corner delis, small storefronts, and bus stops set a steady street rhythm. Housing stock mixes early-20th-century multifamily homes with compact single-family houses on tight lots. Long sightlines toward the river and rail infrastructure give the area a working-city geography. Nearby cultural anchors such as the Palace Theater and the Mattatuck Museum add an arts-and-history counterpoint to the utilitarian streetscape. Parks and civic spaces like Library Park and Fulton Park frame everyday routines with tree-lined paths and open lawns.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Full basement
Bedrooms
12 bedrooms
Bathrooms
6 full bathrooms
Heating & cooling
Baseboard heating
Natural gas heat
Exterior features
City views
Private driveway
Paved parking/driveway
Home design
Multi-family property (5+ units)
Parking
6 total parking spaces
Construction
Frame construction
Stone foundation
Asphalt shingle roof
Shingle siding
Utilities
Public water connected
Public sewer connected
Domestic hot water
Financial info
Multi-family listing (investment property)
Electricity and solar
View estimated energy costs and solar savings for this home
An opportunity is knocking! Two separate three family buildings side by side with separate utilities paid by tenants. Walking distance to the bus line, train station and close to route 8 and i84. Ideal location for a commute to Danbury or New Haven as well as going down to New York City. Plenty of off street parking for tenants. This is two buildings that must be sold together as commercial property with cash or commercial loans only. The rent roll for includes the following... Unit 1 $1000 Unit 2 $875 Unit 3 $1070 Unit 4 $950 Unit 5 $850 Unit 6 $850. Yearly expense= $10,020- insurance, property tax, water and electric. CAP RATE OVER 11%
Smart MLS #170077063
Aug 9, 2018
Sold
$250,000
$48/sq ft
Jun 14, 2018
Listing Removed
—
Apr 29, 2018
Price Changed
$250,000
$48/sq ft
Apr 29, 2018
Listed
$250
$0/sq ft
Great 2 three family side by side , excellent income for the last 20 years ,separate utilities paid by tenants. New assessment is $122,280.Walking distance to bus line and the train station and close to route 8 and i84. Ideal location to Danbury or New Haven and going down to New York City .Off Street parking for tenants , some section 8 tenants .2 houses has to be sold together as commercial property and to seek a commercial loan only. Agent/owner related.
Year
Property tax
Land + Additions
Assessment*
2023
$16,103 (+118.7%)
$14,350 + $282,800
$297,150
2021
$7,362
$14,320 + $107,960
$122,280
2020
$7,362
$14,320 + $107,960
$122,280
2019
$7,362
$14,320 + $107,960
$122,280
2018
$7,362 (+30.5%)
$14,320 + $107,960
$122,280
2017
$5,643
$14,330 + $79,400
$93,730
2016
$5,643 (+5.7%)
$14,330 + $79,400
$93,730
2013
$5,341
$14,330 + $79,400
$93,730
2011
$5,341
$14,330 + $79,400
$93,730
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
4,792 Sq. Ft.
Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Other
County
New Haven County
APN
1388563
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 13, 2023.
RH
High Density Multi-Family Residential District
The RH District is established to provide for medium and high-rise multifamily residential structures at a maximum density of 42 dwelling units per acre and limited nonresidential uses and mixed-use development. Uses and Conditional Accessory Uses are permitted by Zoning Permit, Special Permit, or Special Exception approval as provided in Article 11 of these Regulations.
Permitted uses
Include but are not limited to:
No uses permitted by right
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Waterbury, CT • 06708
Average low and high temperatures (°F)
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66
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73
55
64
44
51
35
37
23
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 38 Green St
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