Mixed-Use Property with Commercial
New
For Sale
$385,000
113 Bunker Hill Avenue, Waterbury, CT 06708
Multi-Family For Sale, Units are Side-by-Side, Waterbury, CT
Property Size1,591 SF
Lot Size0.16 Acres
Price / SF$241.99
Days on Market1
Property Features for 113 Bunker Hill Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RL
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Basement, Bathroom 2, Bathroom 1
Fireplace
1
Basement
Full, Unfinished
Lot features
Sloping Lot
Elementary school
Bunker Hill
High school
Per Board of Ed
Directions
GPS Friendly, next to Rocky's Pizza.
Subdivision
Bunker Hill
Standard status
Active
Size
1,591 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
3219
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1905
Architectural style
Other
Listing Agency:
Showcase Realty, Inc.
(860) 274-7000
Listed By:
Amanda Nemense · License #RES.0821515
(203) 558-4500
Added: Oct 5
Last Checked: Oct 5 at 6:06PM
MLS# 24212026
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.
Investment Insights
Based on property information with market context.
This mixed-use property combines a two-bedroom residential unit with a separate commercial space in a 1,591-square-foot building. The home includes hardwood floors, an updated kitchen and bathroom, and a living room with a wood-burning fireplace. A full basement provides additional storage. The property was built in 1905 and occupies a 0.16-acre lot.
Public water and sewer serve the property, which is zoned RL. Window-unit cooling is installed.
Public water and sewer serve the property, which is zoned RL. Window-unit cooling is installed.
Key Highlights
- 1,591‑square‑foot mixed‑use property with residential and commercial spaces
- Residential unit has two bedrooms, hardwood flooring, and an updated kitchen and bathroom
- Full basement provides additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,548
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,960
$411.0K
Cap Rate 7%
$293,543
$293.5K
Cap Rate 9%
$228,311
$228.3K
Market Conditions
NOI Build-Up for 1,591 SF
Gross rent
$33.4K $21.00/SF
− Vacancy
−$6.0K −$3.78/SF
EGI
$27.4K $17.22/SF
− OpEx
−$6.8K −$4.31/SF
NOI
$20.5K $12.92/SF
Area
Waterbury, CT
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,960
Cap Rate 7%
$293,543
Cap Rate 9%
$228,311
Alternative Uses
Best Use
Office B
$293.5K
$256.9K – $342.5K
NOI $20,548 @ 7.0% cap · market cap 5.34%
Second Best
Mixed Use
$276.2K
$241.6K – $322.2K
NOI $19,331 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$422.2K
$369.4K – $492.6K
NOI $29,554 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 06708, CT
30,345
Population
13,061
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
3,228
Density / Sq Mi
$63,705
Median Household Income
$40,515
Median Earnings
$1,275
Median Rent
$196,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-bedroom residence and a separate commercial area share one property, with a full basement for additional storage.
Where is this mixed-use property located?
The property is located at 113 Bunker Hill Avenue 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: 1,591‑square‑foot mixed‑use property with residential and commercial spaces; Residential unit has two bedrooms, hardwood flooring, and an updated kitchen and bathroom; Full basement provides additional storage
