Backup offers
$4,156 Closing Credit¹
#24006767, George Antonopoulos, Listing Office: Motif Luxe IR
#24071722·
Listing Office: eXp Realty·
Listing Agent: Mark Mermelstein·
Listing Office Phone: (866) 828-3951
$3,858
closing credit¹
242 Madison St Waterbury, CT 06706
$324,900 List price
$3,858
Closing credit¹
6 beds
6 full
1,880 sqft
0.1 acres
$173 / sqft
Multi-Family
Property details
About 242 Madison St
Calling all investors! Don't miss this opportunity to acquire a cash-flowing property in a prime location. This house, currently operating as a fully-leased rooming house, generates approximately $4,600 per month in rental income, making it a perfect addition to any investment portfolio. The main floor features a flexible living arrangement with 1 bedroom, living room (currently being used as a second bedroom), a full bathroom, a spacious kitchen, and a large deck overlooking the flat, private backyard-ideal for tenants to relax and unwind. Upstairs, with its separate entrance, you'll find four additional units sharing a bathroom and an enclosed porch, offering tenants both comfort and privacy. The basement studio provides even more rental space, adding to this property's income stream. You can occupy one of the units and enjoy the comfort of a private residence while renting out the other units. This unique setup allows you to live for free while building equity and generating consistent cash flow. Key updates include a new front porch and a 10-year-old roof, ensuring minimal future maintenance costs.
Highlights
Home typeMulti Family
HeatingForced Air, Hot Water
StatusActive
Size1,880 sqft
BasementYes
Lot size0.14 Acres
Year built1888
MLS #24071722
Summary
- MLS Number: 24071722
- Office Name: eXp Realty
- Office Phone: (866) 828-3951
- Office Email: mmerms@gmail.com
- Listing Agent: Mark Mermelstein
Copyright © 2025 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 7:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$324,900
242 Madison St
$3,858
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 11, 2004 | Home Sold | $135,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $102,270 | $5,056 |
| 2023 | $102,270 | $5,542 |
| 2022 | $61,190 | $3,684 |
| 2021 | $61,190 | $3,684 |
| 2020 | $61,190 | $3,684 |
| 2019 | $61,190 | $3,684 |
History based on county public records data.
Nearby schools
2
Hopeville Elementary School
Public District KG-5
0.4 mi
•2 Cypress St
5
Washington Elementary School
Public District KG-5
0.5 mi
•685 Baldwin St
3
Wendell Cross Elementary School
Public District KG-5
0.9 mi
•1255 Hamilton Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $57,208. Typical income of Waterbury, CT residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
29%
<35k
57%
35k-100k
12%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
17%
Single, with Kids
21%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
10%
12-17 yrs old
25%
18-34 yrs old
40%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Horse Races
Pro Boxing
Extreme Sports
Where do the neighbors shop?
Stein Mart
Burlington
Sam's Club
Where do the neighbors go to eat?
LongHorn Steakhouse
Popeyes
White Castle
What do the neighbors drive?
Buick
Dodge
Oldsmobile
What do the neighbors listen to?
Contemporary Inspirational
Urban Contemporary
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Waterbury, CT
About 242 Madison St
This home is located at 242 Madison St in Waterbury, CT and zip code 06706. This 1,880 square foot home, which was built in 1888, sits on a 0.14 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since February 5, 2025 and is currently priced at $324,900.
In January 2025, from all listings sold in Waterbury, CT there were more than 38 sold above asking price, over 24 sold below and more than 15 were sold right at the asked price. The number of listings in Waterbury, CT decreased by 7.5% between December and January 2025.
From Rocket Homes Real Estate and based on county public records data.