Renovated Multifamily
New
For Sale
$580,000
125 Clematis Ave, Waterbury, CT 06708
Updated multifamily property with central air, gas heat, private parking, and a backyard.
Property Size3,515 SF
Days on Market5
Property Features for 125 Clematis Ave
General Information
Standard status
Active
Size
3,515 SF
Property subtype
Multi Family
Amenities
central air
gas heating
private parking
backyard
Building Details
Building Size
3,515 SF
Year Built
1890
Listing Agency:
homecoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Elliman
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 21 at 12:35PM
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 homecoin.com
Investment Insights
Based on property information with market context.
Built in 1890, this multifamily property has undergone substantial updates, including upgraded siding and a newer roof. The building is equipped with central air and gas heating, while private parking adds everyday convenience. Outdoor space is provided by a backyard suitable for relaxing or entertaining.
The property is located at 125 Clematis Ave in Waterbury, Connecticut. Walk Score is 61, classified as Somewhat Walkable; Bike Score is 31, classified as Somewhat Bikeable; and Transit Score is 30, indicating Some Transit. The renovation work and existing mechanical improvements provide a practical foundation for continued residential use.
The property is located at 125 Clematis Ave in Waterbury, Connecticut. Walk Score is 61, classified as Somewhat Walkable; Bike Score is 31, classified as Somewhat Bikeable; and Transit Score is 30, indicating Some Transit. The renovation work and existing mechanical improvements provide a practical foundation for continued residential use.
Key Highlights
- Multifamily property built in 1890
- Renovated with upgraded siding and a newer roof
- Central air and gas heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,675
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$713,500
$713.5K
Cap Rate 7%
$509,643
$509.6K
Cap Rate 9%
$396,389
$396.4K
Market Conditions
NOI Build-Up for 3,515 SF
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.
Gross rent
$69.6K $19.80/SF
− Vacancy
−$4.7K −$1.35/SF
EGI
$64.9K $18.45/SF
− OpEx
−$29.2K −$8.30/SF
NOI
$35.7K $10.15/SF
Area
Waterbury, CT
Vacancy
6.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$713,500
Cap Rate 7%
$509,643
Cap Rate 9%
$396,389
Alternative Uses
Best Use
Apartment 5plus
$509.6K
$445.9K – $594.6K
NOI $35,675 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$932.8K
$816.2K – $1.09M
NOI $65,295 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 06708, CT
30,345
Population
13,061
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
3,228
Density / Sq Mi
$63,705
Median Household Income
$40,515
Median Earnings
$1,275
Median Rent
$196,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Updated multifamily property with central air, gas heat, private parking, and a backyard.
Where is this multifamily property located?
The property is located at 125 Clematis Ave Waterbury, CT.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Multifamily property built in 1890; Renovated with upgraded siding and a newer roof; Central air and gas heating
