Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bright Apartment with New Flooring Title is generated by Realmo AI

    85 Draher Ave 1, Waterbury, CT 06704

    View on Map
    Claim this Listing
    For Lease
    $1,600 /Mo

    Two-bedroom, one-bath apartment with new appliances and in-unit laundry.

    Type:Multi Family
    Added:
    Apr 21, 2026
    Days on Market:
    40
    Last Refresh:
    Apr 21 at 12:09 am

    Property Features for 85 Draher Ave 1

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1908

    We can help!

    Listing Contact
    Towanna L. Randall
    Towanna L. Randall

    Listing agent Towanna L. Randall License #RES.0807602

    Listing office

    Listing date Apr 21, 2026

    Source Elliman

    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 Towanna L. Randall

    HighLights

    • Washer‑dryer in unit - say goodbye to laundromats!
    • Pet‑friendly, so your furry friends are welcome.
    • Enjoy new flooring, paint, and stainless steel appliances.
    • Open‑concept kitchen/dining area, perfect for entertaining.
    • Very walkable location with a Walk Score of 72.
    • First floor unit for easy access.

    Overview

    This first-floor unit, available immediately, features two bedrooms, one bathroom, a living room, and an open-concept kitchen and dining area. The unit has new flooring throughout, fresh paint, and stainless steel appliances. In-unit washer and dryer are included. The property is pet-friendly. The walk score is 72, indicating it is very walkable. The bike score is 37, indicating it is somewhat bikeable. The transit score is 39, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.05084
    Latitude
    41.54758

    Nearby Similar for Lease

    • $2,000/Mo
      64,648 SF

      Waterbury Commercial Space for Rent

      1440 SF flex space in Waterbury, CT for $2,000/month.
      280 Chase River Road, Waterbury, CT 06704
      View Details
    • $2,000/Mo
      64,648 SF

      Waterbury Freight Terminal Cross Dock

      Freight terminal cross dock in Waterbury, IG zone.
      280 Chase River Road, Waterbury, CT 06704
      View Details
    • $4,500/Mo
      64,648 SF

      Waterbury Flex Warehouse Space

      3344 SF flex warehouse space for rent in Waterbury.
      280 Chase River Road, Waterbury, CT 06704
      View Details
    • $6,000/Mo
      5,000 SF

      Renovated Mixed-Use Space, Waterbury

      5000 SF renovated retail/office space in high-traffic Waterbury location.
      496 Chase Avenue, Waterbury, CT 06704
      View Details
    • $10 SF/Yr
      2,000 SF

      Waterbury Retail Space For Lease

      Highly visible 2,000 SF retail space in Waterbury.
      1387 watertown Ave 1, Waterbury, CT 06708
      View Details
    • $10 SF/Yr
      1,500 SF

      Waterbury Retail Space For Lease

      Highly visible 1,500 SF retail space in Waterbury, CT.
      2-1387 Watertown Ave, Waterbury, CT
      View Details
    • $2,500/Mo
      1,200 SF

      Turnkey Luncheonette Opportunity

      Commercial unit for lease in Waterbury, CT, fully equipped.
      1622 Thomaston Ave, Waterbury, CT 06704
      View Details
    • $2,000/Mo
      1,700 SF

      Renovated Commercial Unit For Rent

      Recently renovated 1700 SF commercial unit with high visibility.
      1636 Baldwin St, Waterbury, CT 06706
      View Details
    • $3,900,000 SF/Yr
      29,594 SF

      Downtown Waterbury Office Building ForRent

      Three-story office building with parking in downtown Waterbury.
      47 Leavenworth St, Waterbury, CT
      View Details
    • $9 SF/Yr
      9,417 SF

      Retail Space in Mattatuck Plaza

      Retail space available in well-located Waterbury shopping center.
      650-670 Wolcott St, Waterbury, CT
      View Details
    • $1,200/Mo
      880 SF

      Downtown Office Space Available

      Bright, open office space in high-traffic downtown location.
      207 Bank Street, Waterbury, CT 06702
      View Details
    • $1,000/Mo

      Waterbury Commercial Space For Rent

      First-floor commercial space with high visibility and strong traffic.
      1017 W Main St 1L, Waterbury, CT 06708
      View Details

    FAQs

    What type of property is this?
    Residential income property - Two-bedroom, one-bath apartment with new appliances and in-unit laundry.
    Where is this residential income property located?
    The property is located at 85 Draher Ave 1 Waterbury, CT.
    What is the lease rate?
    The lease rate is $1,600 /Mo.
    What are key features of this property?
    This property features: Washer‑dryer in unit - say goodbye to laundromats!; Pet‑friendly, so your furry friends are welcome.; Enjoy new flooring, paint, and stainless steel appliances.
    (203) 640-8752
    We can help!
    Listing Contact
    Towanna L. Randall
    Towanna L. Randall
    Real Estate License ID: RES.0807602
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    85 Draher Ave 1, Waterbury, CT 06704
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!