Quadplex With Off-Street
New
For Sale
$645,000
114 Walnut Street, Waterbury, CT 06704
Multi-Family For Sale, Units on different Floors,Other, Waterbury, CT
Property Size4,490 SF
Lot Size0.22 Acres
Price / SF$143.65
Days on Market3
Property Features for 114 Walnut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
14
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 14, Bedroom 10, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 12, Bedroom 7, Bedroom 5, Bedroom 11, Basement, Bedroom 6, Bathroom 4, Bedroom 8, Bedroom 3, Bathroom 1, Bedroom 13, Bedroom 2, Bedroom 9, Bathroom 2
Parking
6
Basement
Full
Lot features
City Views
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
gps
Standard status
Active
Size
4,490 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
5673
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1890
Architectural style
Other
Listing Agency:
Brass Moon Realty
(203) 945-1000
Listed By:
Ben Weinberg · License #RES.0813934
(917) 974-6356
Added: Oct 13
Changed: Oct 14
Last Checked: Oct 15 at 1:06AM
MLS# 24214205
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 four-unit residential property contains 4,490 square feet on a 0.22-acre lot. Built in 1890, the building has hot water heating and has received renovations and other improvements. Off-street parking is available.
The property is served by public water and public sewer and is zoned RM.
The property is served by public water and public sewer and is zoned RM.
Key Highlights
- Four residential units in a 4,490‑square‑foot building
- 0.22‑acre lot
- 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - RM-zoned residential property includes off-street parking and public water and sewer service.
Where is this quadplex located?
The property is located at 114 Walnut Street 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 in a 4,490‑square‑foot building; 0.22‑acre lot; Off‑street parking
