Three-Unit Residential Income
141 Draher Street Waterbury, CT 06708
141 Draher Street, Waterbury, CT, 06708
$499,900
For Sale
$499,900
3-family property with three oversized 4-bedroom, 1-bath units and separate tenant-paid utilities.
Property Size3,807 SF
Price / SF$131.31
Days on Market154
Property Features for 141 Draher Street
General Information
- Standard status
- Active
- Size
- 3,807 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1920
Listing agency
Oxford Realty
(203) 314-4219
Listed by
Amanda R Faroni-Sheehan · License #REB.0793328
(203) 314-4219
Source
Compass
Added: Feb 18 Updated: Jul 21 at 7:04PM Checked: Jul 22 at 11:21AM
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 three-unit residential income property offers three oversized units, each with four bedrooms, one bathroom, an eat-in kitchen, and a generous living room. The exterior features vinyl siding, and the property includes both driveway and rear off-street parking. Each unit also benefits from individual tenant-paid utilities, with separate electric panels already in place for electric heat and hot water.
The building is described as being in “Town Plot” and is reported to be close to public transportation, highway access, parks, schools, the hospital, restaurants, and shopping.
From a configuration standpoint, the property is presented as an owner-occupant or investor fit, with a 3-car garage noted as part of the improvements.
The building is described as being in “Town Plot” and is reported to be close to public transportation, highway access, parks, schools, the hospital, restaurants, and shopping.
From a configuration standpoint, the property is presented as an owner-occupant or investor fit, with a 3-car garage noted as part of the improvements.
Key Highlights
- 3‑family property built in 1920 with three oversized units, each offering 4 bedrooms and 1 bath
- Each unit includes an eat‑in kitchen and a generous living room
- Tenant‑paid utilities with electric heat and hot water; individual electric panels are already in place
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 | $66.2k | $17.40 |
| − Vacancy | −$5.0k | −$1.31 |
| EGI | $61.3k | $16.10 |
| − OpEx | −$18.4k | −$4.83 |
| NOI | $42.9k | $11.27 |
3,807 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$612.7K
$536.2K – $714.9K
NOI $42,892 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$552.0K
$483.0K – $644.0K
NOI $38,639 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$1.01M
$884.0K – $1.18M
NOI $70,719 @ 7.0% cap · market cap 14.15%
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 - 3-family property with three oversized 4-bedroom, 1-bath units and separate tenant-paid utilities.
Where is this triplex located?
The property is located at 141 Draher Street Waterbury, CT.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 3‑family property built in 1920 with three oversized units, each offering 4 bedrooms and 1 bath; Each unit includes an eat‑in kitchen and a generous living room; Tenant‑paid utilities with electric heat and hot water; individual electric panels are already in place
