USACTWaterburyDowntown493 Meadow St
Listing image | Image 1

493 Meadow St, Waterbury, CT

House

For Sale

Listed price in listed location currency (USD).
$2,650,000

41280

MLS® 24196449

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 6520 sqft
Garage 
Taxes $10,949
Days Active 15
Lot Size 0.07 Acres
Approx. Age 1900
Avg. Price Per Sqft $406
MLS® Number 24196449

Property Address: 493 Meadow St, Waterbury, CT, 06702-1811

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional opportunity to acquire a 27-unit mixed-use investment consisting of 21 apartments and 6 retail spaces across two well-maintained brick buildings and one dedicated parking lot. Offered at a solid 8.0 Cap with additional upside rent potential. The unit count, unit mix, and financial information have been recently verified and updated to reflect the current operating performance. The portfolio includes 343 West Main Street, a four-story, 20, 428 SF building with 17 apartments (1 one-bedroom, 14 two-bedroom, and 2 three-bedroom units) and 4 fully leased retail spaces, and 493 Meadow Street, a three-story, 6, 520 SF building with 4 apartments (2 two-bedroom and 2 three-bedroom units) and 2 fully leased retail spaces. The residential units participate in the Mod Rehab Housing Assistance Program, providing stable occupancy and consistent rental income. The commercial component is occupied by established long-term tenants, including an appliance retailer, tax and insurance agency, bar & grill, salon, and convenience stores. Recent capital improvements include partial roof replacements (2022) and 15 recently replaced high-efficiency heating systems. All residential and commercial units are separately metered, with tenants responsible for their own utilities, helping to minimize landlord operating expenses. A well-maintained, cash-flowing property with a diversified income stream - ready for a new owner to realize the potential!
MLS® Number24196449
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementFull, Unfinished
Driveway
Garage Spaces
HeatNatural Gas, Hot Water
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 3, 2026List Date
$2,650,000List Price
  • Commute

Commute

Starting Address
Destination Address
493 Meadow St, Waterbury, CT

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