Updated Duplex with Walk-Out
New
For Sale
$299,900
50 Ash Street, Waterbury, CT 06704
Multi-Family For Sale, Units on different Floors, Waterbury, CT
Property Size1,863 SF
Lot Size0.18 Acres
Price / SF$160.98
Days on Market6
Property Features for 50 Ash Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RL
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Basement
Full
Lot features
City Views, Sloping Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
Oak St to Ash St. - Accurate GPS
Subdivision
East End
Standard status
Active
Size
1,863 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
3185
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
laundry room
Building Details
Year built
1894
Architectural style
Other
Listing Agency:
New England Realty Assoc LLC
(203) 774-4800
Listed By:
Richard Tirado
(203) 715-1676
Added: Aug 15
Changed: Aug 20
Last Checked: Aug 20 at 7:06PM
MLS# 24199557
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.
Located at 50 Ash Street in Waterbury, Connecticut, this 1,863-square-foot duplex sits on 0.18 acres and dates to 1894. The open-concept walk-out basement apartment has been fully updated, while the first-floor unit is occupied by long-term tenants. An attic offers storage or possible expansion of the first-floor living area.
Property features include a bright laundry room, newer vinyl windows, off-street parking, and separate utility metering with two electrical meters and two gas meters. The backyard provides outdoor space for gardening, recreation, entertaining, or private use. Public water and public sewer serve the property. The sale is offered as-is, with inspections limited to informational purposes.
Property features include a bright laundry room, newer vinyl windows, off-street parking, and separate utility metering with two electrical meters and two gas meters. The backyard provides outdoor space for gardening, recreation, entertaining, or private use. Public water and public sewer serve the property. The sale is offered as-is, with inspections limited to informational purposes.
Key Highlights
- Fully updated open‑concept walk‑out basement apartment
- 1,863 square feet on a 0.18‑acre lot
- First‑floor unit occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,989
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$419,780
$419.8K
Cap Rate 7%
$299,843
$299.8K
Cap Rate 9%
$233,211
$233.2K
Market Conditions
NOI Build-Up for 1,863 SF
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.
Gross rent
$32.4K $17.40/SF
− Vacancy
−$2.4K −$1.31/SF
EGI
$30.0K $16.10/SF
− OpEx
−$9.0K −$4.83/SF
NOI
$21.0K $11.27/SF
Area
Waterbury, CT
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$419,780
Cap Rate 7%
$299,843
Cap Rate 9%
$233,211
Alternative Uses
Best Use
Multifamily LT 5
$299.8K
$262.4K – $349.8K
NOI $20,989 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$270.1K
$236.4K – $315.1K
NOI $18,908 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$494.4K
$432.6K – $576.8K
NOI $34,607 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
Explore this area
Business Placement
Demographics for 06704, CT
27,300
Population
12,987
Households
2.1
Avg Household Size
34
Median Age
14%
College-Educated
78%
High-School Grad
8.1 sq mi
ZIP Area
3,370
Density / Sq Mi
$47,848
Median Household Income
$33,090
Median Earnings
$1,202
Median Rent
$178,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property combines an updated walk-out apartment with an occupied first-floor rental and separate utility systems.
Where is this duplex located?
The property is located at 50 Ash Street Waterbury, CT.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Fully updated open‑concept walk‑out basement apartment; 1,863 square feet on a 0.18‑acre lot; First‑floor unit occupied by long‑term tenants
