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    33 Albert Pl Waterbury, CT 06702

    For Sale
    $439,900

    Turn-key multifamily property in Waterbury's W.O.W neighborhood with 9.5% CAP.

    Lot size:
    0.07 Acres

    Property Features for 33 Albert Pl

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1919

    Source: Oxford Realty Agent Amanda R. Faroni-Sheehan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterbury Multifamily Investment Opportunity

    Located in Waterbury's W.O.W neighborhood on a dead-end street, this multifamily property presents an opportunity for owner-occupants or investors. The property features two-bedroom and three-bedroom units, each including a large living room/dining room, an eat-in kitchen, and generously sized bedrooms. One second-floor unit has been remodeled and is ready for immediate move-in, while the other two units have been renovated recently and are leased for steady rental income. The property also features a newer roof, vinyl siding, and replacement windows. Utilities are separate, with tenants paying for all electric heat and hot water, and separate panels. Parking is limited to on-street only. The property is conveniently located with access to the Hospital, downtown, major highways, public transportation, and local amenities. The property has a 9.5% CAP.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0328075
    Latitude
    41.5583706

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    FAQs

    What type of property is this?
    Apartment building - Turn-key multifamily property in Waterbury's W.O.W neighborhood with 9.5% CAP.
    Where is this apartment building located?
    The property is located at 33 Albert Pl Waterbury, CT.
    What is the asking price?
    The asking price for this property is $439,900.
    What are key features of this property?
    This property features: - 9.5% CAP rate, ideal for investors or owner-occupants.; - Turn-key property with steady rental income from recently renovated units.; - **Second-floor unit is beautifully remodeled and move-in ready.**
    (203) 314-4219
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    33 Albert Pl Waterbury, CT 06702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    33 Albert Pl Waterbury, CT 06702
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