Four-Unit Multifamily Property with
10 Old Waterbury Road, Middlebury, CT 06762
For Sale
$699,900
Multi-Family For Sale, Units are Side-by-Side, Middlebury, CT
Property Size2,345 SF
Lot Size0.41 Acres
Price / SF$298.46
Days on Market56
Property Features for 10 Old Waterbury Road
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Exterior features
Fireplace
Basement
Lot features
Elementary school
High school
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
in-ground swimming pool
Building Details
Year built
Architectural style
Listing Agency:
Advantage Realty Group, Inc.
(203) 755-4015
Listed By:
Judith Caputo · License #REB.0751026
(203) 509-1151
Added: Sep 15
Changed: Nov 8
Last Checked: Nov 9 at 4:06AM
MLS# 24207437
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit multifamily property includes two buildings on a 0.41-acre parcel. The primary structure is a side-by-side triplex with garages beneath the building, fireplaces in the living rooms, and baseboard heat. A detached ranch-style residence adds three rooms, one bedroom, an oversized fireplace, and oil heat. The property totals 2,345 square feet and includes an in-ground swimming pool and detached two-car garage.
Separate heat and utility systems serve the buildings, with public water and public sewer. Exterior improvements include a porch, deck, sidewalks, gutters, lighting, and a garden area. The property is zoned R40 and is located near Route 8, I-84, Post University, and NVCC. Greenway trails and Hop Brook Lake are within walking distance.
Separate heat and utility systems serve the buildings, with public water and public sewer. Exterior improvements include a porch, deck, sidewalks, gutters, lighting, and a garden area. The property is zoned R40 and is located near Route 8, I-84, Post University, and NVCC. Greenway trails and Hop Brook Lake are within walking distance.
Key Highlights
- Four units across two buildings on a 0.41‑acre parcel
- 2,345 square feet with a side‑by‑side triplex and detached ranch residence
- Detached two‑car garage and in‑ground swimming pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,420
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,400
$528.4K
Cap Rate 7%
$377,429
$377.4K
Cap Rate 9%
$293,556
$293.6K
Market Conditions
NOI Build-Up for 2,345 SF
Gross rent
$40.8K $17.40/SF
− Vacancy
−$3.1K −$1.31/SF
EGI
$37.7K $16.10/SF
− OpEx
−$11.3K −$4.83/SF
NOI
$26.4K $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 Rate 5%
$528,400
Cap Rate 7%
$377,429
Cap Rate 9%
$293,556
Alternative Uses
Best Use
Multifamily LT 5
$377.4K
$330.3K – $440.3K
NOI $26,420 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$340.0K
$297.5K – $396.7K
NOI $23,801 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$622.3K
$544.5K – $726.0K
NOI $43,561 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 06762, CT
7,574
Population
3,071
Households
2.5
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
17.8 sq mi
ZIP Area
426
Density / Sq Mi
$142,750
Median Household Income
$66,184
Median Earnings
$452,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in New Haven County, CT
Properties on Market for Multifamily properties in New Haven County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two-building residential income property with separate utilities, public services, and recreational amenities.
Where is this multifamily property located?
The property is located at 10 Old Waterbury Road Middlebury, CT.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Four units across two buildings on a 0.41‑acre parcel; 2,345 square feet with a side‑by‑side triplex and detached ranch residence; Detached two‑car garage and in‑ground swimming pool
