254 Davis Street
Watertown, Connecticut 06779
- Beds
- 6
- Baths
- 3
- SqFt
- 2,616
- Acres
- 0.46
- Year Built
- 1905
- Neighborhood
- Oakville
- Property Type
- 3 Family
Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
Calling all investors and owner-occupants! This well-maintained 3-family property in the heart of Oakville offers immediate cash flow with two long-term tenants already in place paying solid rents, plus a newly renovated lower-level unit ready for an owner-occupant or new tenant. The lower-level apartment features 1 bedroom and 1 full bathroom and has been tastefully updated, making it an ideal option for offsetting your mortgage while building equity. Recent capital improvements include a newer roof (approximately 2 years old), two updated hot water heaters, and a new garage door. Additional highlights include natural gas heat, newer vinyl flooring throughout, a detached 1-car garage, and a private back patio area. With low-maintenance features, strong in-place income, and upside potential from the renovated unit, this is a turnkey opportunity for investors seeking reliable cash flow or buyers looking to live in one unit while tenants help cover the mortgage. Move quickly-income-producing multifamily opportunities like this do not last!
Key Facts
- City/Town
- Watertown
- Neighborhood
- Oakville
- Property / Style
- Multi-Family · Units on different Floors,3updown - Unit(s) per Floor
- Year Built
- 1905
- Days on Market
- 76 days
- Beds
- 6
- Baths
- 3 full
- Living Area
- 2,616 sq ft
- Lot Size
- 0.46 acres
- Garage / Parking
- 1 garage · 6 total
- Property Taxes
- $6,918 / Annually
Market Snapshot
The Watertown Market
Multi-Family · trailing 12 months
Active Listings
2
3 under contract
Median List Price
$416,950
2 active listings
Median Closed Price
$450,000
7 sales
Median Days on Market
35
2 active listings
Median $ / Sq Ft
$236
2 active listings
Sale-to-List Ratio
100.0%
7 sales
How this home compares
List Price
$499,990
vs $416,950 median
19.9% above median
Price / Sq Ft
$191
vs $236 median
19.1% below median
Days on Market
76 days
vs 35 days median
41 days longer than median
Based on 2 active and 7 closed sales (trailing 12 mo) of multi-family in Watertown. Source: SmartMLS · As of July 28, 2026.
Location
254 Davis Street, Watertown, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$2,549
- Property Taxes$577
- Insurance$167
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Watertown
- Neighborhood
- Oakville
- County
- Litchfield
Residence
- Property Type
- Multi-Family
- Subtype
- 3 Family
- Style
- Units on different Floors,3updown - Unit(s) per Floor
- Year Built
- 1905
- New Construction
- No/Resale
- Living Area
- 2,616 sq ft
- Below Grade
- 600 sq ft
Schools
- Elementary
- Polk
- High
- Watertown
Interior
- Heating
- BaseboardHot Air
- Heat Fuel
- Natural Gas
- Cooling
- None
- Basement
- PartialPartially Finished
Exterior & Lot
- Lot Size
- 0.46 acres
- Zoning
- RG
- Garage / Parking
- 1 garage space6 total parking spacesDetached GarageOff Street ParkingDrivewayPrivate
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Color
- Blue
- Roof
- Asphalt Shingle
- Foundation
- BlockStone
- Lot Description
- Level Lot
Listing & Financials
- Property Taxes
- $6,918 / Annually
- Days on Market
- 76
- MLS #
- 24175160
- MLS Status
- Under Contract
- Financing
- FHA,VA,CHFA
Similar Properties
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 7/28/2026 at 6:55 AM UTC.