Renovated Four-Unit Multifamily
New
For Sale
$645,000
114 Walnut St, Waterbury, CT 06704
Four residential units are paired with off-street parking and improvements made throughout the property.
Property Size4,490 SF
Price / SF$143.65
Days on Market3
Property Features for 114 Walnut St
General Information
Standard status
Active
Size
4,490 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1890
Listing Agency:
Brass Moon Realty
Listed By:
Ben M. Weinberg (917) 974-6356 (203) 945-1000 · License #RES.0813934
(917) 974-6356
Source:
Centralconnecticuthomefinder
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:07AM
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 Brass Moon Realty
Investment Insights
Based on property information with market context.
This multifamily property contains four residential units across 4,490 square feet. Built in 1890, the building has received multiple renovations and improvements. Off-street parking is available for residents or visitors.
Located at 114 Walnut St in Waterbury, Connecticut, the property combines residential unit count, parking, and updated features in a single building.
Located at 114 Walnut St in Waterbury, Connecticut, the property combines residential unit count, parking, and updated features in a single building.
Key Highlights
- Four residential units
- 4,490 square feet of building area
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,587
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,740
$1.0M
Cap Rate 7%
$722,671
$722.7K
Cap Rate 9%
$562,078
$562.1K
Market Conditions
NOI Build-Up for 4,490 SF
Gross rent
$78.1K $17.40/SF
− Vacancy
−$5.9K −$1.31/SF
EGI
$72.3K $16.10/SF
− OpEx
−$21.7K −$4.83/SF
NOI
$50.6K $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%
$1,011,740
Cap Rate 7%
$722,671
Cap Rate 9%
$562,078
Alternative Uses
Best Use
Multifamily LT 5
$722.7K
$632.3K – $843.1K
NOI $50,587 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$651.0K
$569.6K – $759.5K
NOI $45,571 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,406 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units are paired with off-street parking and improvements made throughout the property.
Where is this quadplex located?
The property is located at 114 Walnut St Waterbury, CT.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Four residential units; 4,490 square feet of building area; Off‑street parking
