Price Reduced 5.88%
Listing courtesy of Amanda Faroni-Sheehan (203) 314-4219, Oxford Realty (203) 314-4219
Price History
$1,700,000
12/29/2025
$1,600,000
2/11/2026
48 Mitchell Avenue, Waterbury, (Downtown), CT, 06710
48 rooms
16 beds
16 Full baths
1900
Units on different Floors, Units are Side-by-Side
11,360 sqft
Amazing investment opportunity in downtown Waterbury's Central Business District. Situated on a corner lot, 48 Mitchell Street is a well-maintained 4-story brick building comprised of sixteen (16) one-bedroom apartments. The property is leased through HUD and a Waterbury Housing Program, providing historically low vacancy and a stable, reliable monthly income stream. Many units have been turned and updated, featuring a combination of vinyl plank and hardwood flooring, along with a variety of kitchen and bathroom improvements throughout. Electric service is separately metered and tenant-paid. Gas is also separately metered, with tenants responsible for cooking gas and hot water usage. Heat is provided by a central, oil-fired system and is owner-paid. The building is equipped with hardwired smoke and carbon monoxide detectors in the basement and common hallways. On-street parking only contributes to a low-maintenance ownership profile. Ideally located within walking distance to Downtown, St. Mary's Hospital, shopping, public transportation, and offering convenient access to nearby highways, this property presents a strong long-term investment.
Status:
Active
Town:
Waterbury
Type:
Multi-family
Units:
16
Zoning:
CBD
Heating:
Hot Water
Cooling:
Window Unit
Basement:
Full, Unfinished
Acreage:
0.14
Est. Taxes:
$27,871
Assessment
$619,640
Lot Description:
Corner Lot,Level Lot
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
Days on Market:
134
MLS #:
24146365
Community Info
School Info
Walk Score
Mass Transit
Yelp
Copyright ©2026 SmartMLS, Inc.