This fully-occupied 3-family property in Waterbury is an exceptional investment opportunity with a solid 7.2 percent cap. Featuring large, 800 SF 2-bedroom apartments on each floor with below-market rents. Which means huge upside potential for future rent increases! Each unit has electric heat and hot water, while gas is used for stoves, ensuring separate and tenant-paid utilities. With a low expense ratio and easy-to-manage structure, this property is perfect for both investors seeking strong cash flow and owner-occupants looking to maximize income potential. Don't miss out on this high-yield opportunity!
Sold
$395,000
140 Orange Street, Waterbury, CT 06704
6beds
1,678sqft
Multi Family
Built in 1900
-- sqft lot
$337,700 Zestimate®
$235/sqft
$1,383 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 07:56am
Listed by:
Zachary Burnett,
Sky Realty Group
Bought with:
Maya Brown, RES.0822073
Coldwell Banker Realty
Source: Smart MLS,MLS#: 24065569

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater, Water Heater
Features
- Basement: Full,Unfinished
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 1,678
- Total interior livable area: 1,678 sqft
- Finished area above ground: 1,678
Property
Parking
- Parking features: None
Lot
- Size: 5,227 sqft
- Features: Sloped
Details
- Parcel number: 1379818
- Zoning: RM
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter, Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Waterbury
Services availability

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