INVESTOR SPECIAL & OWNER-OCCUPANT OPPORTUNITY - Turnkey 3-Unit in Waterbury's Sought-After Town Plot Neighborhood! Situated near the heart of Town Plot, one of Waterbury's most established and family-friendly communities, this solid 3-unit multi-family is perfectly positioned for strong, consistent tenant demand. The 1st and 2nd floor units each offer 2 bedrooms and 1 bath, - with a possibility to make into 3 beds, both freshly refreshed and move-in ready for immediate occupancy or lease-up at today's market rents. The 3rd floor is occupied by a month-to-month tenant currently paying $1,100/month - delivering instant income with full flexibility going forward. All units feature forced hot air heating, newer mechanicals, and the property runs on natural gas, keeping operating costs efficient and tenants happy year-round. Tenants will love the walkability to Highland Avenue's restaurants, delis, and local shops, nearby Hamilton Park and Town Plot Park, easy highway access, and bus line connectivity throughout Waterbury. Don't miss this income-producing gem - schedule your showing today!
Town Plot, located between Highland Avenue and Watertown Avenue, is a residential and commercial Waterbury neighborhood with hillside streets and a strong Italian-American imprint. The neighborhood’s character concentrates around the Watertown Avenue corridor near Highland Avenue, where corner bakeries, old-school delis, and long-running eateries set a steady, lived-in rhythm. Brick multifamilies and tidy single-family homes mix with small storefront strips and pocket churches on the slopes. Community pillars include La Tavola Ristorante, Domenic & Pia Downtown Deli, and the Palace Theater for nights out beyond the hill. Fulton Park and nearby trails add green breaks from the dense street grid. Routes toward Downtown and the Naugatuck River valley shape daily movement without changing the neighborhood’s grounded feel.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Ceiling fans throughout
Bedrooms
Six bedrooms total
Bathrooms
Three full bathrooms
Heating & cooling
Radiator heat
Hot water available via natural gas and electric
Exterior features
Level lot
Vinyl siding
Asphalt shingle roof
Home design
Multi-family property (3-family)
Construction
Frame construction
Concrete foundation
Built for multi-family use
Utilities
Public water
Public sewer
Domestic hot water (natural gas and electric)
Financial info
Property offered as multi-family for sale
Electricity and solar
View estimated energy costs and solar savings for this home
Check out this 3-family property right on the fringe of Town Plot! This property has been a good building to produce income, and is also a good value-add opportunity. The units are in kept condition, with some including a mixture of updated kitchens, baths, flooring, and or fresh paint throughout. Each unit is 2 beds and 1 bath and has front & back porches. The basement is clean and organized, and mechanics are running strong. This location is close to many amenities, minutes to the highway, and also close to Waterbury Hospital & Saint Mary's Hospital. Excellent opportunity to add to or start a portfolio. Inquire today!
Smart MLS #W10207376
Oct 20, 2017
Sold
$111,000
$43/sq ft
Oct 17, 2017
Listing Removed
—
Mar 29, 2017
Listed
$119,900
$46/sq ft
TOWN PLOT!!! 3 FAMILY with spacious 2 bedroom units, great views and access to major highways and shopping.
Smart MLS #W1079372
Jan 5, 2015
Sold
$95,750
$37/sq ft
Dec 4, 2014
Listing Removed
—
Nov 14, 2014
Listed
$109,900
$42/sq ft
Smart MLS #G691941
Oct 8, 2014
Sold
$66,000
$25/sq ft
Aug 5, 2014
Listed
$64,900
$25/sq ft
Public Records
Feb 11, 2008
Sold
$220,000
$85/sq ft
Smart MLS #B980942
Jun 26, 2007
Listed
$75,900
$29/sq ft
Public Records
May 3, 2004
Sold
$144,900
$56/sq ft
Smart MLS #G339298
Jan 21, 2004
Listed
$139,900
$54/sq ft
Public Records
Aug 4, 2003
Sold
$130,000
$50/sq ft
Smart MLS #G313044
Mar 27, 2003
Listed
$134,900
$52/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$7,515 (+69.0%)
$19,530 + $119,140
$138,670
2022
$4,447
$19,530 + $54,330
$73,860
2021
$4,447
$19,530 + $54,330
$73,860
2020
$4,447
$19,530 + $54,330
$73,860
2019
$4,447
$19,530 + $54,330
$73,860
2018
$4,447 (+4.0%)
$19,530 + $54,330
$73,860
2017
$4,274
$19,530 + $51,460
$70,990
2016
$4,274 (+2.1%)
$19,530 + $51,460
$70,990
2014
$4,185 (+2.2%)
$19,530 + $52,350
$71,880
2011
$4,096
$19,530 + $52,350
$71,880
Public record
Public record
Zoning
Beds
6
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
1966
Finished Sq. Ft.
2,602
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,602
Year built
1914
Style
Multi-Family (2-4 Unit)
County
New Haven County
APN
1389971
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, 4 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
83
66
79
58
73
55
64
44
51
35
37
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
77/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 500 Wilson St
$416,704
$8,296 under list price of $425K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $351K to $505K.