Triplex with
For Sale
$449,900
50 Chestnut Avenue, Waterbury, CT 06710
Three apartments are complemented by private parking, patio space, and a basement.
Property Size3,485 SF
Price / SF$129.10
Days on Market491
Property Features for 50 Chestnut Avenue
General Information
Standard status
Active
Size
3,485 SF
Property subtype
Multi-Family / 3 Family
Zoning
RM
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,426
Amenities
private parking
patio
No
Hot Water
12
Window Unit
2
Balcony, Sidewalk, Patio
Not Applicable
Building Details
Year Built
1893
Listing Agency:
eXp Realty
(203) 666-1172
Listed By:
Angel Mora · License #RES.0812060
(203) 666-1172
Source:
Compass
Added: Apr 30, 2025
Changed: Aug 31
Last Checked: Aug 30 at 10:36AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This triplex at 50 Chestnut Avenue contains three separate apartments within a 3,485-square-foot multifamily property. The building includes a basement, patio, balcony features, sidewalk access, private parking, hot water, and window-unit cooling. Built in 1893, the property is classified RM, supporting its multifamily positioning.
The property is located in Waterbury, Connecticut, with a 06710 ZIP code. Its existing three-apartment configuration provides a defined residential income setup, while the basement is identified as an area with potential for additional living space. The combination of apartment count, parking, outdoor features, and basement area creates a practical triplex layout for continued multifamily use.
The property is located in Waterbury, Connecticut, with a 06710 ZIP code. Its existing three-apartment configuration provides a defined residential income setup, while the basement is identified as an area with potential for additional living space. The combination of apartment count, parking, outdoor features, and basement area creates a practical triplex layout for continued multifamily use.
Key Highlights
- Three apartments within a 3,485‑square‑foot triplex
- RM zoning supports the multifamily property classification
- Private parking included
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
$39,264
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
8.73%
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%
$785,280
$785.3K
Cap Rate 7%
$560,914
$560.9K
Cap Rate 9%
$436,267
$436.3K
Market Conditions
NOI Build-Up for 3,485 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
$60.6K $17.40/SF
− Vacancy
−$4.5K −$1.31/SF
EGI
$56.1K $16.10/SF
− OpEx
−$16.8K −$4.83/SF
NOI
$39.3K $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 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%
$785,280
Cap Rate 7%
$560,914
Cap Rate 9%
$436,267
Alternative Uses
Best Use
Multifamily LT 5
$560.9K
$490.8K – $654.4K
NOI $39,264 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$505.3K
$442.1K – $589.5K
NOI $35,371 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$924.8K
$809.2K – $1.08M
NOI $64,737 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,498
Businesses Nearby
Explore this area
Business Placement
Demographics for 06710, CT
11,056
Population
4,515
Households
2.4
Avg Household Size
32
Median Age
15%
College-Educated
71%
High-School Grad
1.0 sq mi
ZIP Area
11,056
Density / Sq Mi
$42,774
Median Household Income
$33,880
Median Earnings
$1,135
Median Rent
$219,600
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?
Triplex - Three apartments are complemented by private parking, patio space, and a basement.
Where is this triplex located?
The property is located at 50 Chestnut Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Three apartments within a 3,485‑square‑foot triplex; RM zoning supports the multifamily property classification; Private parking included
