Investors take notice of this package offering 2 adjacent properties with cash flow and big unit mix! TOTAL OF 9 UNITS = 8 apartments + 1 large commercial space. 57 Cherry St is a 2-family with two 2 bed/1 bath units - fully occupied. The property has separate & tenant paid utilities. 63 Cherry is a large mixed-use building with six 3 bed/1 bath apartments + 1 large commercial space - fully occupied. The units are mostly renovated w/newer floors, kitchens, baths and fixtures + laundry hookups and mechanicals in each apartment (gas heat & HW + panels in each unit). The utilities are all separate and tenant paid. No basement in #63 - tobacco shop uses the ground level - also separate and tenant paid utilities. Driveway between both buildings + 3 garages and parking for tenants in back. Literally buy and cash flow! Rents are below market = UPSIDE for 11.5+% CAP & 22% ROI.
For sale
Price cut: $4.9K (4/25)
$955,000
63 Cherry St, Waterbury, CT 06702
22beds
10,401sqft
Est.:
Multi Family
Built in 1915
-- sqft lot
$-- Zestimate®
$92/sqft
$-- HOA
What's special
Laundry hookupsParking for tenantsNewer floorsGas heat
- 16 days
- on Zillow |
- 480 |
- 23 |
Zillow last checked: 7 hours ago
Listing updated: April 25, 2025 at 02:51pm
Listed by:
Amanda R. Faroni-Sheehan,
Oxford Realty
Source: Smart MLS,MLS#: 24087127

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Hot Water, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater
- Laundry: In Unit
Features
- Basement: None
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 10,401
- Total interior livable area: 10,401 sqft
- Finished area above ground: 10,401
Property
Parking
- Total spaces: 9
- Parking features: Detached, On Street, Off Street, Driveway, Private
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
- Exterior features: Sidewalk, Rain Gutters, Lighting
Lot
- Size: 8,276.4 Square Feet
- Features: Level
Details
- Parcel number: 1381187
- Zoning: CBD
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors,Units are Side-by-Side
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Masonry, Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Library, Medical Facilities, Park, Playground, Public Rec Facilities, Near Public Transport
- Subdivision: Downtown
HOA
- Has HOA: No
Location
- Region: Waterbury
Financial & listing details
- Price per square foot: $92/sqft
- Tax assessed value: $323,470
- Annual tax amount: $19,447
- Date on market: 4/9/2025
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