Building Details

Year Built 1860

Tenancy Multi

Listing Agency: Weichert, Realtors-On The Mark m***@onthemarkmgmt.com Show Phone

Listed By: Gregorio Santiago · License #RES.0800318 Show Phone

Source: Lockandkeyre

Added: Jul 17 Changed: Oct 13 Last Checked: Oct 12 at 8:13PM

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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 Weichert, Realtors-On The Mark

Investment Insights

Based on property information with market context.

This well-maintained two-family residence includes a recently updated first-floor unit completed within the last six months. The second-floor unit is described as very spacious and provides attic access. Additional interior space is available in the attic, including an extra room and a bathroom connected to the second-floor unit.

The property is presented as a strong fit for either investor ownership or owner occupancy, with the two units currently reported to be month-to-month.

Overall, the home’s configuration supports flexible use across two separate units, with expanded potential through the connected attic layout.

Key Highlights

• Two‑family property built in 1860
• First‑floor unit recently updated within the last 6 months
• Spacious second‑floor unit with attic access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,325

Cap Rate

5.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$406,500 $406.5K

Cap Rate 7%

$290,357 $290.4K

Cap Rate 9%

$225,833 $225.8K

Market Conditions

NOI Build-Up for 1,804 SF

Gross rent

$31.4K $17.40/SF

− Vacancy

−$2.4K −$1.31/SF

EGI

$29.0K $16.10/SF

− OpEx

−$8.7K −$4.83/SF

NOI

$20.3K $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%

$406,500

Cap Rate 7%

$290,357

Cap Rate 9%

$225,833

Alternative Uses

Best Use

Multifamily LT 5

$290.4K

$254.1K – $338.8K (±1% cap)

NOI $20,325 @ 7.0% cap · market cap 5.57%

Second Best

Apartment 5plus

$261.6K

$228.9K – $305.2K (±1% cap)

NOI $18,310 @ 7.0% cap · market cap 5.02%

Theoretical Best

Office A

$478.7K

$418.9K – $558.5K (±1% cap)

NOI $33,511 @ 7.0% cap · market cap 9.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Garden Center Storage Facility Pet Grooming Service (Bike/Boat/Book/etc) Store Florist Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,337

Businesses Nearby

Explore this area Business Placement

Demographics for 06704, CT

27,300

Population

12,987

Households

2.1

Avg Household Size

34

Median Age

14%

College-Educated

78%

High-School Grad

8.1 sq mi

ZIP Area

3,370

Density / Sq Mi

$47,848

Median Household Income

$33,090

Median Earnings

$1,202

Median Rent

$178,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Well-maintained two-family property with recent first-floor updates and a spacious second-floor unit with attic access.

Where is this duplex located?

The property is located at 11 Cossett Waterbury, CT.

What is the asking price?

The asking price for this property is $365,000.

What are key features of this property?

This property features: Two‑family property built in 1860; First‑floor unit recently updated within the last 6 months; Spacious second‑floor unit with attic access