Four-Unit Multifamily
62 Poplar Street Waterbury, CT 06708
62 Poplar Street, Waterbury, CT, 06708
$649,999
For Sale
$649,999
MULTI_FAMILY - Waterbury, CT
Property Size4,104 SF
Lot Size0.16 Acres
Price / SF$158.38
Days on Market20
Property Features for 62 Poplar Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Bedrooms
- 11
- Bathrooms
- 4
- Rooms
- Bedroom 7, Bedroom 9, Bathroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 5, Bedroom 8, Bedroom 10, Bedroom 11, Bathroom 2, Basement, Bathroom 3
- Patio and Porch features
- Deck
- Exterior features
- Balcony,Sidewalk,Covered Deck
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 4,104 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 9745
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1905
- Architectural style
- Other
Listing Agency
Dave Jones Realty, LLC
(203) 758-0264
40 Center Street, PROSPECT, CT
Listed by
Stephanie Oliver · License #RES.0815416
(203) 558-3653
Added: Jun 29 Checked: Jul 18 at 2:06 am
MLS# 24187685
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 fully occupied four-unit multifamily property is configured as a quadplex with three units on the first, second, and third floors offering three bedrooms each, along with an eat-in kitchen, living room, and dining room. The lower-level unit provides two bedrooms. The property has updated electrical, vinyl flooring throughout, and laundry hookups in every unit, supporting tenant convenience and day-to-day usability. All units are served by separate utilities.
Located in Waterbury, CT, the building is described as conveniently close to highways, transportation, and schools, with RM zoning noted for the site. The lot size is listed at 0.16 acres.
With four independently metered units and in-unit laundry hookups, this property fits investors or operators seeking a straightforward income-producing multifamily setup. The current occupancy status is reported as fully occupied, and the unit layouts are consistent on the upper floors, which can help streamline leasing and turn preparation while maintaining functional bedroom-count variety with the lower-level two-bedroom unit.
Located in Waterbury, CT, the building is described as conveniently close to highways, transportation, and schools, with RM zoning noted for the site. The lot size is listed at 0.16 acres.
With four independently metered units and in-unit laundry hookups, this property fits investors or operators seeking a straightforward income-producing multifamily setup. The current occupancy status is reported as fully occupied, and the unit layouts are consistent on the upper floors, which can help streamline leasing and turn preparation while maintaining functional bedroom-count variety with the lower-level two-bedroom unit.
Key Highlights
- 4‑family, fully occupied property with an 8% cap rate
- Updated electrical and all units on separate utilities
- Unit layout: 1st–3rd floors each offer 3 bedrooms with eat‑in kitchen, living room, and dining room
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 | $71.4k | $17.40 |
| − Vacancy | −$5.4k | −$1.31 |
| EGI | $66.1k | $16.10 |
| − OpEx | −$19.8k | −$4.83 |
| NOI | $46.2k | $11.27 |
4,104 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$660.5K
$578.0K – $770.6K
NOI $46,238 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$595.0K
$520.7K – $694.2K
NOI $41,653 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$1.09M
$953.0K – $1.27M
NOI $76,236 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit building with separate utilities and laundry hookups across all units.
Where is this quadplex located?
The property is located at 62 Poplar Street Waterbury, CT.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: 4‑family, fully occupied property with an 8% cap rate; Updated electrical and all units on separate utilities; Unit layout: 1st–3rd floors each offer 3 bedrooms with eat‑in kitchen, living room, and dining room
