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28202458
28202466

74 Holmes Ave, Waterbury, CT 06710

AF
CT REB.0793328 CT, CT REB.0793328
OXFORD REALTY
Listed by OXFORD REALTY
$489,900
220 days on market
Updated 8 days ago

14+% ROI: 5 Unit Investment Property: Walk to Downtown

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,067
Units 5
Cap Rate 9.89%
NOI $48,451
Occupancy 20%
Pro-Forma Cap Rate 9.89%
Pro-Forma NOI $48,451
Price per SqFt $160
Class C
Year Built 1888
Year Renovated 2024
Buildings 1
Stories 3
Acreage 0.180
Zoning RO
Parking Spaces 2 spaces
Parking Per SqFt 0.65
Investment Type Value Add

5 Unit Investment Property: Walk to Downtown w/9+% CAP

Marketing description

Calling all investors! Don't miss this well-maintained 5-unit investment property offering a strong 14+% ROI (at full occupancy). This turnkey, cash-flowing asset features a nicely updated exterior with vinyl siding, replacement windows, a 2-year-old roof, new front porches, and sits prominently on a corner lot. The unit mix includes (1) studio and (1) one-bedroom on the first floor, (2) one-bedroom units on the second floor, and (1) two-bedroom unit on the third floor, providing the potential for good rental income potential. Interior highlights include hardwood floors and updated kitchens and baths in select units. The utilities are separate and tenant-paid, minimizing owner expenses. Mainly on-street parking. Conveniently located on the corner of Grove and Holmes, directly across from Hayden Park, and within walking distance to the Waterbury Green, YMCA, downtown, shopping, and highway access-this property offers the ideal blend of low maintenance and strong returns.

Investment highlights

14+% ROI w/Full Occupancy

5 Unit Investment

Nice Corner Lot

Great Cash Flow Potential

Separate & Tenant Paid Utilities

Walk to Downtown & the Park

Listing Contacts

AF
CT REB.0793328 CT, CT REB.0793328
OXFORD REALTY
Listed by OXFORD REALTY

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,451.00
$4,037.58/mo

Valuation Metrics

0
DSCR
9.89%
Cap Rate
9.89%
ROI

Map

Zoning

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CBD CommercialCore CommercialCentral Business District
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Amanda Faroni-Sheehan
License
REB.0793328 CT
Brokerage
Oxford Realty
Brokerage Phone
2033144219
Title
Managing Broker
Brokerage Address
151 New Park Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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