New Haven County · Waterbury
Sell Your Commercial Property In Waterbury, CT
We are an active buyer of Waterbury commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Town Plot · Bunker Hill · East End · Naugatuck — New Haven County, CT
Market Snapshot
Renter Demand In Waterbury
Waterbury is a renter-majority city with older, lower-priced housing. Renters held 52.8% of occupied homes in the 2020-2024 American Community Survey, against 33.5% statewide. Waterbury's median home value was $208,500, against $366,900 across Connecticut. More than three in four Waterbury housing units were built before 1980.
This profile covers who rents, HUD's FY2027 fair market rents, the 43.34 mill rate with a worked $2,000,000 example, conveyance tax and Connecticut's landlord rules. Owners who want to sell commercial property in Waterbury, CT can use these dated figures to test a buyer's offer. Connecticut has no county government, so New Haven County plays no part in the tax bill. Census reports the area as the Naugatuck Valley Planning Region, per Connecticut OPM.
Two Waterbury hospitals
Saint Mary's Hospital has served Greater Waterbury since 1909. UConn Health Waterbury Hospital has served the community for more than 130 years.UConn Waterbury campus
UConn's Waterbury campus enrolled 691 undergraduates in fall 2025, per UConn's September 2025 enrollment census, down 7.2% from 2024.Low entry prices
Waterbury's median home value was $208,500 in ACS 2020-2024, or 56.8% of Connecticut's $366,900 median.Our Buy Box
What We Buy In Waterbury
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Waterbury Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Waterbury, CT
Renters occupy 52.8% of Waterbury's 45,663 occupied homes, per the ACS 2020-2024 tenure table. The share is 31.4% in the Naugatuck Valley Planning Region and 33.5% statewide.
Buildings of five or more units hold 11,833 Waterbury homes, or 23.7% of all units, per ACS 2020-2024 units-in-structure data. The stock is old: 76.2% of Waterbury units predate 1980, and the median home dates to 1959, per Census year-built data.
Waterbury rents and HUD FY2027 fair market rents
Waterbury's median gross rent was $1,225 a month in ACS 2020-2024, per the Census median gross rent table. That compares with $1,330 in the planning region and $1,488 statewide. Median household income in Waterbury was $51,886, against $95,781 for Connecticut, per the Census income table.
HUD's FY2027 fair market rents took effect October 1, 2026, for the Waterbury-Shelton, CT MSA. The two-bedroom FMR of $1,745 sits $520 above Waterbury's median gross rent, per HUD fair market rent data.
| Unit size | HUD FY2027 FMR (monthly) |
|---|---|
| Efficiency | $1,249 |
| One bedroom | $1,336 |
| Two bedrooms | $1,745 |
| Three bedrooms | $2,184 |
| Four bedrooms | $2,599 |
In ACS 2020-2024, 53.8% of Waterbury renter households paid 30% or more of income on rent, per the rent burden table. Waterbury's rental vacancy rate was 6.7%, against 4.3% statewide, per the ACS housing profile. Anyone selling commercial property in Waterbury should price that vacancy into the rent roll.
Property taxes in Waterbury and New Haven County, with a $2M example
Waterbury's real estate mill rate is 43.34 for the fiscal year ending June 30, 2027, per the adopted city budget. Connecticut abolished county government in 1960, per the Secretary of the State, so New Haven County levies no tax.
Connecticut assesses property at 70% of value under C.G.S. Section 12-62a. The October 1, 2025 grand list is the final year of Waterbury's four-year phase-in of its October 1, 2022 revaluation.
| Worked example | Amount |
|---|---|
| Market value | $2,000,000 |
| Assessment at 70% | $1,400,000 |
| Annual tax at 43.34 mills | $60,676 |
| Effective rate on value | 3.03% |
Waterbury bills taxes in two installments, due July 1, 2026 and January 1, 2027. Appeals go to the Board of Assessment Appeals by February 20 under Section 12-111. Owners who sell commercial property in Waterbury, CT also pay conveyance tax. Apartment buildings owe 0.75% to the state under Section 12-494, per DRS.
A July 2020 legislative research report lists Waterbury among towns charging the full 0.25% local option on top of the 0.25% base. On a $2,000,000 sale, that is $15,000 to the state and $10,000 to Waterbury.
Landlord rules in Waterbury
Connecticut caps security deposits at two months' rent, or one month for tenants 62 and older, under Section 47a-21. Deposits must be returned within 21 days of move-out or 15 days after a forwarding address, whichever is later.
Rent still unpaid nine days after it is due allows termination under Section 47a-15a. The notice to quit must give at least three days under Section 47a-23. Rent increases need 45 days of written notice under Section 47a-4e.
Connecticut has no rent cap, but Section 7-148b requires a fair rent commission in towns of 25,000 or more. Owners who plan to sell commercial real estate in Waterbury, CT should keep deposit and rent-increase records ready for a buyer.
What it means for a Waterbury apartment owner
Waterbury pairs 52.8% renter occupancy with a $1,225 median rent and a 43.34 mill rate. Taxes of about $60,676 a year per $2,000,000 of value shape every buyer's offer. Those are the numbers that matter when you sell commercial property in Waterbury, CT.
Skyline Capital Investments buys 5+ unit apartment buildings across Waterbury, from Town Plot and Bunker Hill to the East End, and in nearby Naugatuck. Test your numbers with our cap rate calculator. When you are ready to sell your apartment building in Waterbury, request a direct offer from Skyline.
Good To Know
Pricing Your Building In Waterbury
More about selling in Connecticut →Investing in Waterbury? See apartment syndications in Waterbury →
- Waterbury Hospital left the taxable grand list after moving to tax-exempt status, per the FY2027 adopted budget.
- Plan on about $25,000 in conveyance tax to sell commercial real estate in Waterbury, CT at $2,000,000.
- Before you sell multifamily property in Waterbury, note that 76.2% of local housing units predate 1980.
Seller Guides
Your Situation, Handled — Waterbury
Learn More
Taxes & Rules For Waterbury Property
The Connecticut rules that shape any deal in Waterbury: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Waterbury Seller FAQ
How much tax do I pay to sell commercial property in Waterbury, CT?
Connecticut charges 0.75% conveyance tax on apartment buildings under Section 12-494. A July 2020 legislative research report says Waterbury adds the full 0.25% local option to the 0.25% municipal base. A $2,000,000 sale owes $15,000 to the state and $10,000 to Waterbury, or $25,000.
What is the property tax on a $2 million apartment building in Waterbury?
Connecticut assesses property at 70% of value, so a $2,000,000 building carries a $1,400,000 assessment. Waterbury's FY2027 real estate rate is 43.34 mills, per the adopted budget. That works out to $60,676 a year, an effective rate of 3.03% of market value.
Can I sell commercial real estate in Waterbury, CT with tenants in place?
Yes. Under Section 47a-21, a sale assigns the landlord's security interest in every tenant deposit to the buyer, so deposits move with the building. Any rent increase the new owner wants still needs 45 days of written notice under Section 47a-4e.
Does Waterbury have rent control?
Connecticut sets no rent cap. Section 7-148b does require a fair rent commission in every town of 25,000 or more, and Waterbury's population was 114,869 in ACS 2020-2024. Such a commission receives complaints and holds hearings on rental charges rather than setting a fixed cap.
How strong is rental demand in Waterbury?
Renters held 52.8% of Waterbury's occupied homes in ACS 2020-2024, and the median gross rent was $1,225. The rental vacancy rate was 6.7%, above 4.3% statewide. Owners who sell multifamily property in Waterbury can point to HUD's $1,745 two-bedroom FMR as rent headroom.
Will you buy a Waterbury property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
How does a sale to you work in New Haven County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Who buys occupied rental property in Waterbury?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
How fast can I sell my apartment building in Waterbury?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Get An Offer Review In Waterbury
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
