Waterbury Two-Family Investment
21 W Farm Street Waterbury, CT 06704
21 W Farm Street, Waterbury, CT, 06704
$280,000
For Sale
$280,000
MULTI_FAMILY - Waterbury, CT
Property Size2,024 SF
Lot Size0.08 Acres
Price / SF$138.34
Days on Market62
Property Features for 21 W Farm Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Basement, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 5
- Basement
- Full
- Standard status
- Active
- Size
- 2,024 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3816
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Architectural style
- Other
Listing Agency
mygoodagent
(888) 257-8265
680 Boston Post Road, Suite H, Boca Raton, CT
Listed by
Thelma Flaz-Hernandez
(917) 932-6875
Added: May 18 Checked: Jul 18 at 12:06 pm
MLS# 24175942
Listing URL
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family property, located in Waterbury, Connecticut, offers potential for investors or owner-occupants. The property, situated on a 0.08-acre lot, requires renovation, presenting an opportunity for value-add improvements. The building has a size of 2024 square feet. Its zoning is RM. The property is conveniently located near shopping, schools, public transportation, and major routes. Sold as is.
Key Highlights
- Two‑family property in Waterbury
- 5 bedrooms and 2 bathrooms
- Public water and public sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.2k | $17.40 |
| − Vacancy | −$2.6k | −$1.31 |
| EGI | $32.6k | $16.10 |
| − OpEx | −$9.8k | −$4.83 |
| NOI | $22.8k | $11.27 |
2,024 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.8K
$285.0K – $380.1K
NOI $22,803 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$293.5K
$256.8K – $342.4K
NOI $20,543 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$537.1K
$470.0K – $626.6K
NOI $37,598 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family property in Waterbury, CT, ideal for investors.
Where is this duplex located?
The property is located at 21 W Farm Street Waterbury, CT.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑family property in Waterbury; 5 bedrooms and 2 bathrooms; Public water and public sewer
