135 PROSPECT ST, WATERBURY, CT 06710

135 Prospect | 135 Prospect Street, Waterbury, CT presents a compelling opportunity to acquire a well-maintained 8-unit multifamily asset offered at $895,000. Built in 1900 and spanning 4,729 on 0.20 acres, the property features a diverse unit mix of five 1-bedroom apartments, one 2-bedroom apartment, and two 3-bedroom apartments—positioned to attract a broad tenant base. Many units have been recently renovated with updated kitchens and bathrooms, vinyl plank and hardwood flooring, attractive wooden decks, and oversized windows that bring in abundant natural light. Separately metered, tenant-paid utilities help minimize operating expenses and support strong investment performance. Currently operating at an attractive 8.0% cap rate, this asset also offers future upside through continued rent growth and additional value-add potential. On-site parking enhances tenant convenience, while the location near Downtown Waterbury, St. Mary’s Hospital, grocery stores, shopping, public transportation, and major highways adds to long-term demand. An ideal investment for buyers seeking stable cash flow, operational efficiency, and long-term appreciation potential in a strategic Waterbury location.