Three-Family Residential Income
109 Blanchard St Waterbury, CT 06705
New
109 Blanchard St, Waterbury, CT, 06705
$459,000
For Sale
$459,000
Fully-sized three-family building with identical layouts, each unit offering two bedrooms and one full bath.
Property Size3,099 SF
Price / SF$148.11
Days on Market3
Property Features for 109 Blanchard St
General Information
- Standard status
- Active
- Size
- 3,099 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1912
Listing agency
Premier Re Group LLC
(860) 307-4925
Listed by
Jeff R. Gardner
(860) 307-4925
Source
Elliman
Added: Jul 19 Updated: Jul 20 at 4:31AM Checked: Jul 21 at 4:57AM
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 Premier Re Group LLC
Investment Insights
Based on property information with market context.
This three-family residential income property offers an identical, high-demand layout across three levels. The building is configured as three separate units, and each unit includes two bedrooms and one full bath. The property is reported to be in excellent condition, with care maintained inside and out by the same family for multiple generations.
Situated in Waterbury’s East End, the location is described as convenient to East End shopping centers, local eateries, and community amenities. The public remarks also note easy access to I-84.
The asset is presented as a robust, fully-sized three-family investment option, with the uniform unit configuration intended to support straightforward management and consistent leasing across the property.
Situated in Waterbury’s East End, the location is described as convenient to East End shopping centers, local eateries, and community amenities. The public remarks also note easy access to I-84.
The asset is presented as a robust, fully-sized three-family investment option, with the uniform unit configuration intended to support straightforward management and consistent leasing across the property.
Key Highlights
- 3‑family investment property built in 1912
- Total building area: 3,099 SF with an identical layout across all three levels
- Each unit features 2 bedrooms and 1 full bath
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 | $53.9k | $17.40 |
| − Vacancy | −$4.0k | −$1.31 |
| EGI | $49.9k | $16.10 |
| − OpEx | −$15.0k | −$4.83 |
| NOI | $34.9k | $11.27 |
3,099 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$498.8K
$436.4K – $581.9K
NOI $34,915 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$449.3K
$393.2K – $524.2K
NOI $31,453 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$822.4K
$719.6K – $959.5K
NOI $57,567 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully-sized three-family building with identical layouts, each unit offering two bedrooms and one full bath.
Where is this triplex located?
The property is located at 109 Blanchard St Waterbury, CT.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 3‑family investment property built in 1912; Total building area: 3,099 SF with an identical layout across all three levels; Each unit features 2 bedrooms and 1 full bath
