Mixed-Use Property with Walkout
For Sale
$359,000
113 Bunker Hill Ave, Waterbury, CT 06708
Two-bedroom living space paired with a leased retail suite and flexible lower-level storage.
Property Size1,591 SF
Price / SF$225.64
Days on Market203
Property Features for 113 Bunker Hill Ave
General Information
Standard status
Active
Size
1,591 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Amenities
full walk out basement
washer/dryer hookup
small backyard
Building Details
Year Built
1905
Buildings
1
Tenancy
Multi
Listing Agency:
William Raveis Real Estate
Listed By:
Koco Pela · License #RES.0772058
(203) 264-8180
Source:
Homesbyshoshana
Added: Mar 17
Changed: Oct 5
Last Checked: Oct 4 at 12:09PM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
This 1,591-square-foot mixed-use property, built in 1905, combines a two-bedroom apartment with a retail suite currently occupied by a nail and beauty salon. The apartment has been refreshed with new paint and includes an in-unit washer and dryer hookup. The retail component provides an established commercial use alongside the residential space.
A full walkout basement adds practical storage capacity and has two separate rear entrances. Washer and dryer hookups are also available in the basement. Additional features include a small backyard and side parking for four vehicles. The property is zoned RL and has received updates over the years.
A full walkout basement adds practical storage capacity and has two separate rear entrances. Washer and dryer hookups are also available in the basement. Additional features include a small backyard and side parking for four vehicles. The property is zoned RL and has received updates over the years.
Key Highlights
- Mixed‑use layout with one 2‑bedroom apartment and one retail space
- 1,591 SF property built in 1905
- Retail suite currently leased for nail and beauty salon use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,331
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,620
$386.6K
Cap Rate 7%
$276,157
$276.2K
Cap Rate 9%
$214,789
$214.8K
Market Conditions
NOI Build-Up for 1,591 SF
Gross rent
$34.4K $21.60/SF
− Vacancy
−$3.4K −$2.16/SF
EGI
$30.9K $19.44/SF
− OpEx
−$11.6K −$7.29/SF
NOI
$19.3K $12.15/SF
Area
Waterbury, CT
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,620
Cap Rate 7%
$276,157
Cap Rate 9%
$214,789
Alternative Uses
Best Use
Mixed Use
$276.2K
$241.6K – $322.2K
NOI $19,331 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$230.7K
$201.9K – $269.1K
NOI $16,148 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$422.2K
$369.4K – $492.6K
NOI $29,554 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
Dunkin' Donuts
Dining
8,899 visits/mo
0.2 miles
Citgo
Shops & Services
7,810 visits/mo
0.2 miles
Mobil
Shops & Services
4,312 visits/mo
0.2 miles
Carvel Ice Cream
Dining
1,997 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-bedroom living space paired with a leased retail suite and flexible lower-level storage.
Where is this mixed-use property located?
The property is located at 113 Bunker Hill Ave Waterbury, CT.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Mixed‑use layout with one 2‑bedroom apartment and one retail space; 1,591 SF property built in 1905; Retail suite currently leased for nail and beauty salon use
