805 Main St, Watertown, CT 06779
- Beds
- 7
- Baths
- 3
- Sqft
- 2,688
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
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.
Location
Full feature list
Basic info
- Property type
- Other residential
- Number of bedrooms
- 7
- Number of bathrooms
- 3
- Square feet
- 2,688
- Lot size (acres)
- 0.16
- Year built
- 1909
Interior features
- Basement
- Yes, Finished
Utilities
- Heating
- Baseboard
- Sewer
- Public Sewer
- Water
- Public Water
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Smart MLS MLS®#: 24185537 Last checked: …

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