Listing courtesy of Levi Judqin (203) 724-7127, Brass Moon Realty (203) 945-1000
805 Main Street, Watertown, CT, 06779
13 rooms
7 beds
3 Full baths
1909
Units on different Floors, Units are Side-by-Side
2,688 sqft
Rare opportunity to acquire a well-maintained 28-unit multifamily portfolio spanning 8 buildings across 4 tax parcels in Watertown, CT. The portfolio includes 15 Pythian Ave, 20 Pythian Ave, 28, 38, 48, 58 and 68 Atwood Court, and 805 Main St. Under single ownership for five years, the current owner has completed significant capital improvements including new roofs, siding, and porches throughout, with the majority of units already renovated. At 96.4% occupancy, long-term tenants have kept rents below market, creating immediate upside as units turn over. Current rents generate $32,665/month across a diversified mix of 1, 2, and 3 bedroom units. At $3,668,000 ($131K/door), the property delivers a 7.54% in-place cap rate on current signed leases. Watertown boasts a median household income of $103,200, well above neighboring Waterbury, supporting strong and consistent rental demand. Quiet, private setting within walking distance to local retail. Simple 4-parcel closing structure. Turnkey value-add with the heavy lifting already done.
Status:
Under Contract
Type:
Multi-family
Units:
3
Zoning:
BC
Heating:
Baseboard
Cooling:
None
Basement:
Full, Unfinished
Acreage:
0.16
Est. Taxes:
$5,244
Assessment
$174,580
Lot Description:
City Views,Level Lot
Elementary School:
Fletcher W. Judson
Middle School:
Judson
High School:
Watertown
Days on Market:
18
MLS #:
24185537
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
Copyright ©2026 SmartMLS, Inc.