Waterbury Multifamily Property For
1 Ash Street, Waterbury, CT 06704
Well-maintained 2-family property with investment potential in Waterbury, CT.
Type:2 Family
Property size:
1,925 SFPrice / SF:
$168/SF- Added:
- May 16, 2026
- Days on Market:
- 18
- Last Refresh:
- May 16 at 9:11 pm
Property Features for 1 Ash Street
General Information
- Standard status
- Active
- Size
- 1,925 SF
- Property subtype
- 2 Family
Building Details
- Year Built
- 1890
Listing agent Mayra Perez (203) 558-5866
Listing office Showcase Realty, Inc. (203) 558-5866
Listing date May 16, 2026
Source Lockandkeyre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Showcase Realty, Inc.
HighLights
- Income‑producing 2‑family property with a currently rented unit generating $1,800/month.
- First‑floor unit features 2 bedrooms, 2 updated bathrooms, and a finished basement for additional living space.
- Second‑floor unit offers 3 bedrooms and an updated bathroom.
- Newer roof and gas heat.
- Off‑street parking.
- Suitable for owner‑occupancy, investment, or multi‑generational living.
Overview
This well-maintained 2-family property in Waterbury, Connecticut, presents a strong opportunity for either owner-occupancy or investment. The first-floor unit includes 2 bedrooms, 2 updated bathrooms, and a finished basement that can serve as a family room, home office, gym, or potential extra bedroom. One updated bathroom is on the main level, and the second is in the finished lower level. The second-floor unit features 3 bedrooms and an updated bathroom and is currently rented month-to-month for $1,800 per month. The property has a newer roof, gas heat, and off-street parking. The layout with separate living spaces is suitable for multi-generational living or for investors looking to expand their portfolio. The property size is 1925 square feet.
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 | $33.5k | $17.40 |
| − Vacancy | −$2.5k | −$1.31 |
| EGI | $31.0k | $16.10 |
| − OpEx | −$9.3k | −$4.83 |
| NOI | $21.7k | $11.27 |
1,925 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.8K
$271.1K – $361.5K
NOI $21,688 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$279.1K
$244.2K – $325.6K
NOI $19,538 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$510.8K
$447.0K – $596.0K
NOI $35,759 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Waterbury
- County
- New Haven
- State
- Connecticut
- Longitude
- -73.0236739
- Latitude
- 41.5591788
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained 2-family property with investment potential in Waterbury, CT.
Where is this duplex located?
The property is located at 1 Ash Street Waterbury, CT.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Income‑producing 2‑family property with a currently rented unit generating $1,800/month.; First‑floor unit features **2 bedrooms, 2 updated bathrooms, and a finished basement** for additional living space.; Second‑floor unit offers 3 bedrooms and an updated bathroom.
