About 135 Prospect Street
Exceptional 8-Unit Multifamily Investment Opportunity Well-maintained 8-unit asset featuring a strong unit mix of five 1-bedroom apartments, one 2-bedroom apartment, and two 3-bedroom apartments. Many units have been recently renovated and offer continued upside potential through future rent growth and additional value-add opportunities. Recent interior improvements include updated kitchens and bathrooms, vinyl plank and hardwood flooring, beautiful wooden decks, and large windows providing abundant natural light throughout many of the units. Utilities are separately metered and tenant-paid, helping reduce operating expenses and maximize investor returns. The property is currently operating at an attractive 8.0 CAP with well-maintained mechanicals and on-site parking available for tenants. Strategically located near Downtown Waterbury, St. Mary's Hospital, grocery stores, shopping, public transportation, and major highways, this property presents an excellent opportunity for investors seeking stable cash flow with long-term appreciation and rental growth potential.
Features of 135 Prospect Street
| MLS® # | 24178591 |
|---|---|
| Price | $895,000 |
| Bedrooms | 13 |
| Bathrooms | 9.00 |
| Full Baths | 8 |
| Half Baths | 1 |
| Square Footage | 4,729 |
| Acres | 0.20 |
| Type | Multi-Family For Sale |
| Sub-Type | 5 Family+ |
| Style | Units on different Floors |
| Status | Under Contract - Continue to Show |
Community Information
| Address | 135 Prospect Street |
|---|---|
| Area | N/A |
| City | Waterbury |
| County | New Haven |
| State | Connecticut |
| Zip Code | 06710 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Parking | Paved, Driveway |
| Is Waterfront | No |
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Hot Water, Bottle Gas |
|---|---|
| Cooling | Wall Unit |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full, Partially Finished |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Exterior Features | Balcony |
| Lot Description | N/A |
| Roof | Shingle |
| Foundation | Brick, Stone |
School Information
| Elementary | Per Board of Ed |
|---|---|
| High | Per Board of Ed |
Additional Information
| Date Listed | May 27th, 2026 |
|---|---|
| Days on Market | 105 |
| Zoning | RM |
| RE / Bank Owned | No |
Listing Details
| Office | Sky Realty Group |
|---|