224 Echo Lake
Watertown, CT 06795
- 3 beds
- 3 baths
- 2,238 sqft
- 12,197 sqft lot
- $156 per sqft
- 1955 build
- – on site
**Perfect Investment Opportunity: Fully Leased Mixed-Use Gem in Watertown** For the discerning investor seeking a solid income-producing asset, this fully leased mixed-use property in the heart of Watertown presents an exceptional opportunity. This well-maintained building with numerous updates offers a diverse income stream, featuring two residential units alongside a thriving, established nail salon occupying the prime first-floor commercial space. Benefit from immediate cash flow with all units currently leased, ensuring a seamless transition for the new owner. The two residential units, thoughtfully designed for tenant comfort, will consistently attract reliable renters. The established nail salon provides a stable commercial tenant, adding to the property's appeal and financial security. This property's strategic location in Watertown offers excellent visibility and accessibility, contributing to its consistent tenant occupancy. The diverse tenant mix minimizes risk and maximizes potential returns, making this a truly attractive investment. Don't miss this chance to acquire a fully leased, income-generating property with a proven track record plus room to increase rent!! A turnkey investment perfect for those seeking a reliable addition to their portfolio.
Last checked:
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Last updated Mar 21, 2025
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MLS# 24081084 —
The Building
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Year Built:1955
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Year Built Source:Public Records
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New Construction Type:No/Resale
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Style:Units on different Floors, Other
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Roof Information:Asphalt Shingle
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Attic:No
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Exterior Siding:Aluminum
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Foundation Type:Concrete, Masonry
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Basement Description:Full
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Exterior Features:Porch, Gutters
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SqFt Total:2238
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SqFt Est Heated Above Grade:2238
Interior
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Laundry Room:Basement Hook-Up(s), Hook-Up In Unit 1
Room Dimensions
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Living Area SqFt Per Public Record:2238
Location
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Directions:GPS Friendly
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Neighborhood:N/A
The Property
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Parcel Number:911332
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Property Type:Multi-Family For Sale
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Property Subtype:3 Family
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Zoning:BG
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Acres:0.28
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Acres Source:Public Records
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Lot Description:Corner Lot, Level Lot
Listing Agent
- Contact info:
- Agent phone:
- (203) 426-3429
Taxes
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Tax Year:July 2024-June 2025
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Property Taxes:4790
Beds
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Beds Total:3
Baths
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Total Baths:3
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Full Baths:2
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Half Baths:1
The Listing
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Home Warranty Offered:No
Heating & Cooling
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Heat Type:Hot Air
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Heat Fuel Type:Natural Gas, Oil
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Cooling System:Central Air, Window Unit
Utilities
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Water Source:Public Water Connected
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Sewage System:Public Sewer Connected
Schools
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Elementary School:Per Board of Ed
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Intermediate School:Per Board of Ed
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Middle Or Junior School:Per Board of Ed
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High School:Watertown
The Community
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Nearby Amenities:Lake, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Tennis Courts
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Swimming Pool:No
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Direct Waterfront:No
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Waterfront Description:Not Applicable
Parking
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Garage & Parking:None, Paved, Off Street Parking
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Parking Total Spaces:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/20/25
Mar 20, 2025
|
Listed / Active | SMART_MLS | $349,900 | 133.3% (31.4% / YR) |
|
12/22/20
Dec 22, 2020
|
SMART_MLS | $150,000 | -1.3% (-0.5% / YR) | |
|
2/21/18
Feb 21, 2018
|
SMART_MLS | $152,000 |
