Four-Unit Multifamily
For Sale
$649,999
Pending
62 Poplar Street, Waterbury, CT 06708
Multi-Family For Sale, Units on different Floors,4updown - Unit(s) per Floor, Waterbury, CT
Property Size4,104 SF
Lot Size0.16 Acres
Days on Market69
Property Features for 62 Poplar Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
11
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 10, Bedroom 8, Bedroom 9, Bedroom 6, Bathroom 1, Bedroom 3, Basement, Bedroom 7, Bathroom 4, Bathroom 2, Bedroom 11, Bedroom 2
Patio and Porch features
Deck
Exterior features
Balcony,Sidewalk,Covered Deck
Basement
Full, Unfinished
Lot features
City Views
Elementary school
Duggan
High school
John F. Kennedy
Directions
GPS
Subdivision
Brooklyn Center
Standard status
Pending
Size
4,104 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
9390
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
Listed By:
Stephanie Oliver · License #RES.0815416
(203) 558-3653
Added: Jun 29
Changed: Sep 1
Last Checked: Sep 5 at 8:06PM
MLS# 24187685
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 four-unit multifamily property contains 4,104 square feet on a 0.16-acre lot and was built in 1905. The first, second, and third floors each offer a three-bedroom layout with an eat-in kitchen, living room, and dining room. A two-bedroom residence occupies the lower level. Each unit includes laundry hookups, separate utilities, and vinyl flooring. Updated electrical service, wall-unit cooling, and hot-water heating are also in place.
The property is fully occupied and carries RM zoning. Public water and public sewer serve the building. Exterior features include balconies, a covered deck, and sidewalk access. The property is located near highways, transportation, and schools in Waterbury, Connecticut.
The property is fully occupied and carries RM zoning. Public water and public sewer serve the building. Exterior features include balconies, a covered deck, and sidewalk access. The property is located near highways, transportation, and schools in Waterbury, Connecticut.
Key Highlights
- Four‑unit property with 4,104 square feet on a 0.16‑acre lot
- Fully occupied with an 8% CAP rate
- Three three‑bedroom units plus one two‑bedroom lower‑level unit
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
$46,238
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
7.11%
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%
$924,760
$924.8K
Cap Rate 7%
$660,543
$660.5K
Cap Rate 9%
$513,756
$513.8K
Market Conditions
NOI Build-Up for 4,104 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
$71.4K $17.40/SF
− Vacancy
−$5.4K −$1.31/SF
EGI
$66.1K $16.10/SF
− OpEx
−$19.8K −$4.83/SF
NOI
$46.2K $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%
$924,760
Cap Rate 7%
$660,543
Cap Rate 9%
$513,756
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Explore this area
Business Placement
Demographics for 06708, CT
30,345
Population
13,061
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
3,228
Density / Sq Mi
$63,705
Median Household Income
$40,515
Median Earnings
$1,275
Median Rent
$196,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily building with separate utilities, laundry hookups, and a mix of three- and two-bedroom 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: Four‑unit property with 4,104 square feet on a 0.16‑acre lot; Fully occupied with an 8% CAP rate; Three three‑bedroom units plus one two‑bedroom lower‑level unit
