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$1,700,000

  • For Sale
  • Active
  • Multi-Family
  • 16 Total Beds
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Amazing investment opportunity in downtown Waterbury's Central Business District. Situated on a corner lot, 48 Mitchell Street is a well-maintained 4-story brick building comprised of sixteen (16) one-bedroom apartments. The property is leased through HUD and a Waterbury Housing Program, providing historically low vacancy and a stable, reliable monthly income stream. Many units have been turned and updated, featuring a combination of vinyl plank and hardwood flooring, along with a variety of kitchen and bathroom improvements throughout. Electric service is separately metered and tenant-paid. Gas is also separately metered, with tenants responsible for cooking gas and hot water usage. Heat is provided by a central, oil-fired system and is owner-paid. The building is equipped with hardwired smoke and carbon monoxide detectors in the basement and common hallways. On-street parking only contributes to a low-maintenance ownership profile. Ideally located within walking distance to Downtown, St. Mary's Hospital, shopping, public transportation, and offering convenient access to nearby highways, this property presents a strong long-term investment.

Full Property Details for 48 Mitchell Ave

General

  • Price: $1,700,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24146365
  • Updated: 12/29/2025
  • Added to Site: 17 day(s) ago

Interior

  • Number of Rooms: 48

Rooms

Bathrooms

  • Total Bathrooms: 16
  • Full Bathrooms: 16

Bedrooms

  • Total Bedrooms: 16

Exterior

  • Exterior Features: Sidewalk, Porch, Gutters, Lighting

Parking

  • Parking: None

Location

  • County: New Haven
  • Neighborhood: Downtown
  • Driving Directions: corner of (lower) Willow and Mitchell Ave.

School Information

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Community

  • Community Name: Downtown

Heating & Cooling

  • Cooling Type: Window Unit
  • Heating Type: Hot Water, Oil
  • Heating Fuel: Oil
  • Water Heater: Natural Gas, Tank Size Unknown

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected

Structural Information

  • Architectural Style: Units on different Floors, Units are Side-by-Side
  • Construction Status: No/Resale
  • Exterior Const.: Brick
  • Basement Desc.: Full, Unfinished
  • Roof: Flat
  • Square Feet: 11,360
  • Above Ground: 11,360 Sq. Ft.
  • Year Built: 1900

Unit Information

Unit 1

  • Square Feet: 700
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Square Feet: 700
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Square Feet: 700
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Square Feet: 700
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 5

  • Square Feet: 700
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Square Feet: 700
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 7

  • Square Feet: 700
  • Full Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Square Feet: 700
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 1

Unit 9

  • Square Feet: 700
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 1

Unit 10

  • Square Feet: 700
  • Bedrooms: 1

Unit 11

  • Square Feet: 700
  • Bedrooms: 1

Unit 12

  • Square Feet: 700
  • Bedrooms: 1

Unit 13

  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.14
  • Zoning: CBD
  • Lot Description: Corner Lot, Level Lot

Financial Considerations

  • Assessment Amount: $619,640
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Property ID: 1379435

Listed by Oxford Realty, Amanda Faroni-Sheehan

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Listing agent

— 48 Mitchell Ave —

  • Amanda Faroni-Sheehan

    Oxford Realty

Agent Contact: (203) 314-4219 Office Contact: (203) 314-4219

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 48 Mitchell Ave

School District:Waterbury School District
NameGradesDistance
Bunker Hill School
170 Bunker Hill Avenue, Waterbury, CT 06708
K-51.1 mi
West Side Middle School
483 Chase Parkway, Waterbury, CT 06708
6-81.3 mi
John F. Kennedy High School
422 Highland Avenue, Waterbury, CT 06708
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 48 Mitchell Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/29/2025
Listed
$1,700,000
131.29%
MLS
6/17/2021
Sold
$735,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 48 Mitchell Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$27,871
-9%
$619,640
—
2023
$30,635
-9%
$619,640
—
2023
$33,578
56%
$619,640
73%
2022
$21,569
—
$358,230
—
2021
$21,569
—
$358,230
—
2020
$21,569
—
$358,230
—
2019
$21,569
—
$358,230
—
2018
$21,569
22%
$358,230
22%
2017
$17,648
—
$293,100
—
2016
$17,648
3%
$293,100
—
2015
$17,064
2%
$293,100
—
2011
$16,701
—
$293,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Oxford Realty, Amanda Faroni-Sheehan

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48 Mitchell Avenue, Waterbury, CT 06710 (MLS# 24146365) is a Multi-Family property with 16 units containing 16 bedrooms and 16 full bathrooms. 48 Mitchell Avenue is currently listed for $1,700,000 and was received on December 29, 2025. Want to learn more about 48 Mitchell Avenue? Do you have questions about finding other Multi-Family real estate for sale in Waterbury? You can browse all Waterbury real estate or contact a Coldwell Banker agent to request more information.

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