Three-Unit Residential
New
For Sale
$374,925
132 Griggs St, Waterbury, CT 06704
Three distinct residences are arranged within one property.
Property Size2,665 SF
Price / SF$140.68
Days on Market6
Property Features for 132 Griggs St
General Information
Standard status
Active
Size
2,665 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
New_pac
Additional Details
Multifamily Units
3
Building Details
Year Built
1898
Listing Agency:
Five Stars Realty
Listed By:
Maria Pirulli (860) 306-0010 (860) 560-1500 · License #RES.0828984
(860) 306-0010
Source:
Centralconnecticuthomefinder
Added: Oct 25
Changed: Oct 28
Last Checked: Oct 28 at 8:02AM
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 Five Stars Realty
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Investment Insights
Based on property information with market context.
This residential property contains three separate units and was built in 1898. The site is zoned RM and is located at 132 Griggs Street in Waterbury, Connecticut.
Key Highlights
- Three separate residential units
- Built in 1898
- RM zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,025
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,500
$600.5K
Cap Rate 7%
$428,929
$428.9K
Cap Rate 9%
$333,611
$333.6K
Market Conditions
NOI Build-Up for 2,665 SF
Gross rent
$46.4K $17.40/SF
− Vacancy
−$3.5K −$1.31/SF
EGI
$42.9K $16.10/SF
− OpEx
−$12.9K −$4.83/SF
NOI
$30.0K $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%
$600,500
Cap Rate 7%
$428,929
Cap Rate 9%
$333,611
Alternative Uses
Best Use
Multifamily LT 5
$428.9K
$375.3K – $500.4K
NOI $30,025 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$386.4K
$338.1K – $450.8K
NOI $27,048 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$707.2K
$618.8K – $825.1K
NOI $49,505 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct residences are arranged within one property.
Where is this triplex located?
The property is located at 132 Griggs St Waterbury, CT.
What is the asking price?
The asking price for this property is $374,925.
What are key features of this property?
This property features: Three separate residential units; Built in 1898; RM zoning
