Leased Duplex Income
11 Fox Street Waterbury, CT 06708
11 Fox Street, Waterbury, CT, 06708
$425,000
For Sale
$425,000
Two-unit town plot duplex with leased 3-bedroom units and basements, plus off-street parking and a 2015 roof.
Property Size1,920 SF
Price / SF$221.35
Days on Market145
Property Features for 11 Fox Street
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1978
Listing agency
Vitale Realty
(203) 233-8306
Listed by
Michael Vitale · License #RES.0703470
(203) 233-8306
Source
Compass
Added: Feb 26 Updated: Jul 21 at 6:17PM Checked: Jul 21 at 6:17PM
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 Vitale Realty
Investment Insights
Based on property information with market context.
This town plot duplex offers two separate units, each with five rooms, three bedrooms, and 1.5 baths, along with a basement. Both units are currently leased, and both pay $1,550 per month. The property includes a new roof installed in 2015, with electric heat and electric water heater (hwh). Plenty of off-street parking is available.
The property is located at 11 Fox Street in Waterbury, CT. Reported current yearly expenses include taxes of $6,235, insurance of $3,000, and water & sewer of $700. The seller notes that the taxes shown in the MLS are incorrect due to the mill rate not being set until June.
Additional disclosed building systems and operating items include electric heating and an electric water heater, supporting straightforward utility management for the current setup.
The property is located at 11 Fox Street in Waterbury, CT. Reported current yearly expenses include taxes of $6,235, insurance of $3,000, and water & sewer of $700. The seller notes that the taxes shown in the MLS are incorrect due to the mill rate not being set until June.
Additional disclosed building systems and operating items include electric heating and an electric water heater, supporting straightforward utility management for the current setup.
Key Highlights
- Two‑unit town plot duplex built in 1978; each unit has 5 rooms with 3 bedrooms and 1.5 baths.
- Both units have basements and are currently leased; each unit pays $1,550 per month.
- New roof installed in 2015.
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 | $33.4k | $17.40 |
| − Vacancy | −$2.5k | −$1.31 |
| EGI | $30.9k | $16.10 |
| − OpEx | −$9.3k | −$4.83 |
| NOI | $21.6k | $11.27 |
1,920 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.0K
$270.4K – $360.5K
NOI $21,632 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$278.4K
$243.6K – $324.8K
NOI $19,487 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$509.5K
$445.8K – $594.4K
NOI $35,666 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit town plot duplex with leased 3-bedroom units and basements, plus off-street parking and a 2015 roof.
Where is this duplex located?
The property is located at 11 Fox Street Waterbury, CT.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit town plot duplex built in 1978; each unit has 5 rooms with 3 bedrooms and 1.5 baths.; Both units have basements and are currently leased; each unit pays $1,550 per month.; New roof installed in 2015.
