237 Bishop Street
Waterbury, Connecticut 06704
- Beds
- 6
- Baths
- 3
- SqFt
- 2,555
- Acres
- 0.14
- Year Built
- 1900
- 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
INVESTMENT OPPORTUNITY - 3-UNIT MULTI-FAMILY WITH STRONG INCOME POTENTIAL! This 3-unit multi-family property is perfect for investors or owner-occupants looking to generate passive income. Two of the units have been recently updated and are ready for new tenants at market rents, offering immediate upside potential. The first-floor unit is currently occupied by a long-term tenant paying below-market rent on a month-to-month basis, providing flexibility for future rent adjustments or occupancy options. Each unit includes gas heat and water, adding convenience and value for tenants. The property also features a generously sized off-street parking area, making it highly desirable for residents. While the exterior could benefit from some improvements, the property presents a fantastic opportunity to build equity and maximize cash flow. Whether you're expanding your portfolio or looking to live in one unit while renting the others, this is a smart investment you don't want to miss!
Key Facts
- City/Town
- Waterbury
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1900
- Days on Market
- 21 days
- Beds
- 6
- Baths
- 3 full
- Living Area
- 2,555 sq ft
- Lot Size
- 0.14 acres
- Property Taxes
- $4,506 / Annually
Market Snapshot
The Waterbury Market
Multi-Family · trailing 12 months
Active Listings
50
42 under contract
Median List Price
$444,450
50 active listings
Median Closed Price
$412,500
197 sales
Median Days on Market
48
50 active listings
Median $ / Sq Ft
$158
50 active listings
Sale-to-List Ratio
100.0%
197 sales
How this home compares
List Price
$450,000
vs $444,450 median
In line with median
Price / Sq Ft
$176
vs $158 median
11.4% above median
Days on Market
21 days
vs 48 days median
27 days fresher than median
Based on 50 active and 197 closed sales (trailing 12 mo) of multi-family in Waterbury. Source: SmartMLS · As of July 28, 2026.
Location
237 Bishop Street, Waterbury, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$2,294
- Property Taxes$376
- Insurance$150
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Waterbury
- Neighborhood
- N/A
- County
- New Haven
Residence
- Property Type
- Multi-Family
- Subtype
- 3 Family
- Style
- Units on different Floors
- Year Built
- 1900
- New Construction
- No/Resale
- Living Area
- 2,555 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Hot Water
- Heat Fuel
- Natural Gas
- Cooling
- None
- Basement
- FullFull With Walk-Out
Exterior & Lot
- Lot Size
- 0.14 acres
- Zoning
- RM
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Asbestos
- Roof
- Asphalt Shingle
- Foundation
- BrickStone
- Lot Description
- N/A
Listing & Financials
- Property Taxes
- $4,506 / Annually
- Days on Market
- 21
- MLS #
- 24189435
- MLS Status
- Active
Similar Properties
Homes with a close match in area, property type, and price.
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 5:10 AM UTC.