Two-Unit Duplex with Dual
New
For Sale
$385,000
11 Granada, Waterbury, CT 06704
Separate electric service and two laundry hookups support independent operation of the apartments.
Property Size1,977 SF
Price / SF$165.81
Days on Market7
Property Features for 11 Granada
General Information
Standard status
Active
Size
1,977 SF
Property subtype
2 Family
Lease Term
Listing ID: 24216063, Standard Status: Active, MLS Status: Active, Property Subtype: 2 Family, 4 days on market
Site & Location
Neighborhood
Bucks Hill
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Individually Metered Utilities
electricity
Building Details
Building Size
1,977 SF
Year Built
1977
Construction
Cape style
Listing Agency:
William Raveis Real Estate
(203) 264-8180
Listed By:
Ron Nettleton · License #REB.0755628
(203) 217-4979
Source:
Iverty
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 25 at 2:32AM
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 William Raveis Real Estate
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Investment Insights
Based on property information with market context.
This 2,322-square-foot duplex was built in 1977 and contains two apartments. The larger unit has three bedrooms, a full bath, an eat-in kitchen, a living room, an office or den, and a sitting room. The second apartment includes one bedroom, a full bath, an eat-in kitchen, and a living area. Dual decks connect to a fenced backyard.
Separate electric service, two 40-gallon hot water tanks, and two laundry hookups serve the property. Improvements include new windows, new flooring in the apartment, a new door to the main house, and recently painted interior surfaces. The property is offered in as-is condition.
Separate electric service, two 40-gallon hot water tanks, and two laundry hookups serve the property. Improvements include new windows, new flooring in the apartment, a new door to the main house, and recently painted interior surfaces. The property is offered in as-is condition.
Key Highlights
- Two‑unit duplex totaling 2,322 square feet
- Built in 1977
- Three‑bedroom apartment with office or den, sitting room, and dual decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,161
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,220
$523.2K
Cap Rate 7%
$373,729
$373.7K
Cap Rate 9%
$290,678
$290.7K
Market Conditions
NOI Build-Up for 2,322 SF
Gross rent
$40.4K $17.40/SF
− Vacancy
−$3.0K −$1.31/SF
EGI
$37.4K $16.10/SF
− OpEx
−$11.2K −$4.83/SF
NOI
$26.2K $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%
$523,220
Cap Rate 7%
$373,729
Cap Rate 9%
$290,678
Alternative Uses
Best Use
Multifamily LT 5
$373.7K
$327.0K – $436.0K
NOI $26,161 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$336.7K
$294.6K – $392.8K
NOI $23,567 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$616.2K
$539.2K – $718.9K
NOI $43,133 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric service and two laundry hookups support independent operation of the apartments.
Where is this duplex located?
The property is located at 11 Granada Waterbury, CT.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,322 square feet; Built in 1977; Three‑bedroom apartment with office or den, sitting room, and dual decks
