Excellent opportunity to acquire a well-maintained four-family investment property in Waterbury's desirable Town Plot neighborhood. This income-producing asset features an attractive unit mix of three spacious two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment, offering broad tenant appeal and stable occupancy potential. The property currently generates $4,385 per month ($52,620 annually) in rental income, providing immediate cash flow with additional upside through future rent growth. Each apartment offers functional layouts with generous living space, while the building sits on a sizable lot with off-street parking and a detached garage. Built in 1921, the property contains approximately 3,862 square feet of living area and has been a solid long-term investment. Conveniently located near shopping, schools, public transportation, major highways, and downtown Waterbury, the location continues to attract both tenants and investors. Whether you're expanding your investment portfolio or seeking an owner-occupied property with substantial rental income, 455 Congress Avenue offers strong income potential in one of Waterbury's most active multifamily markets.
Property Highlights Four-family multifamily investment Three 2-bedroom, 1-bath apartments One 1-bedroom, 1-bath apartment Current gross rental income: $4,380/month ($52,620/year) Approximately 3,302 square feet. Detached garage and off-street parking. All property information has been obtained from sources deemed reliable but has not been independently verified by Ghent Realty Advisors. Buyers should conduct their own due diligence regarding property characteristics, dimensions, boundaries, utilities, permits, zoning, and intended use.
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
Bedroom
Interior features
Thermostat(s)
Full, partially finished walk-out basement with livable space
18 total rooms
Bedrooms
7 total bedrooms
Bathrooms
4 full bathrooms
Kitchen
No kitchen appliance details provided
Laundry & utility
All units have laundry hookups
40-gallon natural gas hot water tank
Flooring
No flooring details provided
Heating & cooling
Hot water heating
Natural gas fuel
Exterior features
Porch
Patio
City views
Sloping lot
Home design
Multi-family property — 4-family
Multi-story (multiple units)
Parking
Detached garage (1)
Paved surfaces
Off-street and unassigned parking
Total of 5 parking spaces
Security
No specific security features provided
Construction
Frame construction
Vinyl siding
Masonry and stone foundation
Asphalt shingle roof
Built area recorded as 3302
Utilities
Public water connected
Public sewer connected
Natural gas
Thermopane windows (energy feature)
HOA & community
No HOA information provided
Financial info
Multi-family for sale (investment property)
4-unit building
Other
Nearby amenities include medical facilities, public recreation facilities, and shopping/mall
Electricity and solar
View estimated energy costs and solar savings for this home
Rarely available Town plot 4 family on double lot offers five rooms and two bedrooms first three floors and rear ground level unit is three room one bedroom unit.. four separate gas heating furnaces.. off street parking ..one car garage .. lower level yard with views of the city.. FHA ok.. sold as is..photos were taken before tenants moved in, floor 1 moving out on 08/31/21
Smart MLS #B10147881
Aug 16, 2016
Sold
$96,700
$25/sq ft
Aug 1, 2016
Listing Removed
—
Jun 29, 2016
Listed
$140,000
$36/sq ft
Occupied 4 unit home decent condition must be purchased all cash under occupied terms occupants are not to be disturbed at anytime
Public Records
Nov 16, 2005
Sold
$214,166
$55/sq ft
Smart MLS #W1027131
Aug 25, 2005
Listed
$274,900
$71/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$11,065 (+62.9%)
$16,240 + $187,950
$204,190
2022
$6,793
$16,240 + $96,590
$112,830
2021
$6,793
$16,240 + $96,590
$112,830
2020
$6,793
$16,240 + $96,590
$112,830
2019
$6,793
$16,240 + $96,590
$112,830
2018
$6,793 (−0.5%)
$16,240 + $96,590
$112,830
2017
$6,825 (+2.8%)
$16,230 + $97,120
$113,350
2016
$6,639 (+5.7%)
$16,230 + $94,030
$110,260
2013
$6,283
$16,230 + $94,030
$110,260
2011
$6,283
$16,230 + $94,030
$110,260
Public record
Public record
Zoning
Beds
7
Baths
4
Stories
3
Lot width
—
Lot depth
—
Lot size
10,019 Sq. Ft.
Year renovated
1967
Finished Sq. Ft.
3,302
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,302
Year built
1921
Style
Multi-Family (5+ Unit)
County
New Haven County
APN
1391758
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 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
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, 15 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)
32
18
35
20
51
31
61
40
68
50
79
59
82
65
79
58
74
55
64
44
51
35
37
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 27% for direct sun exposure in Waterbury. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.2 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 455 Congress Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $359,900 and $700,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $360K to $700K.