Turnkey Six-Unit Residential
96 Hill St Waterbury, CT 06704
96 Hill St, Waterbury, CT, 06704
$795,000
For Sale
$795,000
Two three-family buildings on one parcel provide six renovated apartments with on-site laundry and ample off-street parking.
Property Size4,788 SF
Price / SF$166.04
Days on Market8
Property Features for 96 Hill St
General Information
- Standard status
- Active
- Size
- 4,788 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agency
Oxford Realty
(203) 314-4219
Listed by
Amanda R. Faroni-Sheehan · License #REB.0793328
(203) 314-4219
Source
Elliman
Added: Jul 14 Updated: Jul 20 at 6:19PM Checked: Jul 21 at 5:17AM
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 Oxford Realty
Investment Insights
Based on property information with market context.
This turnkey residential income property consists of two separate three-family buildings on one parcel, totaling six apartments. The unit mix includes (2) three-bedroom, one-bath units and (4) two-bedroom, one-bath units. Renovations are described as including new kitchens, durable laminate flooring, updated appliances and fixtures, and keyless entry systems with remote owner access. An on-site laundry area supports additional income potential, and the property also offers ample off-street parking for tenant convenience.
The public remarks indicate convenient access to Downtown Waterbury, shopping, restaurants, public transportation, Route 8, and I-84. Walkability and transit are described as somewhat available, with a provided BikeScore of 25 and WalkScore of 62.
According to the provided information, the front building is approximately 3,140 SF and the rear building is approximately 1,648 SF. The roof is described as approximately 4 years old, and the asset is presented as having minimal deferred maintenance based on the stated updates.
The public remarks indicate convenient access to Downtown Waterbury, shopping, restaurants, public transportation, Route 8, and I-84. Walkability and transit are described as somewhat available, with a provided BikeScore of 25 and WalkScore of 62.
According to the provided information, the front building is approximately 3,140 SF and the rear building is approximately 1,648 SF. The roof is described as approximately 4 years old, and the asset is presented as having minimal deferred maintenance based on the stated updates.
Key Highlights
- Two separate three‑family buildings on one parcel totaling six residential units
- Unit mix: (2) 3‑bedroom, 1‑bath and (4) 2‑bedroom, 1‑bath apartments
- Front building is 3,140 SF; rear building is 1,648 SF
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.3k | $17.40 |
| − Vacancy | −$6.2k | −$1.31 |
| EGI | $77.1k | $16.10 |
| − OpEx | −$23.1k | −$4.83 |
| NOI | $53.9k | $11.27 |
4,788 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$770.6K
$674.3K – $899.1K
NOI $53,944 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$694.2K
$607.5K – $809.9K
NOI $48,596 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,942 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Two three-family buildings on one parcel provide six renovated apartments with on-site laundry and ample off-street parking.
Where is this triplex located?
The property is located at 96 Hill St Waterbury, CT.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two separate three‑family buildings on one parcel totaling six residential units; Unit mix: (2) 3‑bedroom, 1‑bath and (4) 2‑bedroom, 1‑bath apartments; Front building is 3,140 SF; rear building is 1,648 SF
