Renovated 4-Unit
114 Walnut, Waterbury, CT 06704
For Sale
$645,000
Four residential units and off-street parking create a practical multi-unit configuration.
Property Size4,490 SF
Price / SF$143.65
Days on Market32
Property Features for 114 Walnut
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Brass Moon Realty
(203) 945-1000
Listed By:
Ben Weinberg · License CT RES.0813934
(917) 974-6356
Source:
Lockandkeyre
Added: Oct 13
Changed: Nov 12
Last Checked: Nov 12 at 8:35AM
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
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Investment Insights
Based on property information with market context.
At 114 Walnut Street in Waterbury, this quadplex contains four residential units within a 4,490-square-foot property. Built in 1890, the building has received multiple renovations and improvements. Off-street parking is also available.
Key Highlights
- Four residential units
- 4,490 square feet
- Built in 1890
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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,337
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
$178,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in New Haven County, CT
Properties on Market for Quadplexes in New Haven County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units and off-street parking create a practical multi-unit configuration.
Where is this quadplex located?
The property is located at 114 Walnut 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; Built in 1890
