6-Unit Apartment
For Sale
$799,900
15 Ashmun St, Waterbury, CT 06705
Multifamily property with seven garages and a very walkable setting.
Property Size4,179 SF
Days on Market48
Property Features for 15 Ashmun St
General Information
Standard status
Active
Size
4,179 SF
Total Parking Spaces
7
Property subtype
Commercial
Site & Location
Neighborhood
Fairlawn
Additional Details
Multifamily Units
6
Building Details
Building Size
4,179 SF
Year Built
1928
Listing Agency:
Mapleridge Realty
Listed By:
Tommy Dorso · License #REB.0792861
(203) 725-7004
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 5:57PM
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 Mapleridge Realty
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Investment Insights
Based on property information with market context.
Built in 1928, this apartment property at 15 Ashmun St in Waterbury, Connecticut, contains 6 residential units and 7 garages. The asset is classified as an apartment building and is offered for sale.
The property has a Walk Score of 74, categorized as Very Walkable. Its Bike Score is 25, or Somewhat Bikeable, while the Transit Score is 33, reflecting access to some transit service.
The property has a Walk Score of 74, categorized as Very Walkable. Its Bike Score is 25, or Somewhat Bikeable, while the Transit Score is 33, reflecting access to some transit service.
Key Highlights
- 6 residential units
- 7 garages
- Built in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,415
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,300
$848.3K
Cap Rate 7%
$605,929
$605.9K
Cap Rate 9%
$471,278
$471.3K
Market Conditions
NOI Build-Up for 4,179 SF
Gross rent
$82.7K $19.80/SF
− Vacancy
−$5.6K −$1.35/SF
EGI
$77.1K $18.45/SF
− OpEx
−$34.7K −$8.30/SF
NOI
$42.4K $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 Rate 5%
$848,300
Cap Rate 7%
$605,929
Cap Rate 9%
$471,278
Alternative Uses
Best Use
Apartment 5plus
$605.9K
$530.2K – $706.9K
NOI $42,415 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$970.4K – $1.29M
NOI $77,629 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
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Business Placement
Demographics for 06705, CT
27,197
Population
12,222
Households
2.2
Avg Household Size
38
Median Age
18%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
4,857
Density / Sq Mi
$53,169
Median Household Income
$41,327
Median Earnings
$1,165
Median Rent
$177,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with seven garages and a very walkable setting.
Where is this apartment building located?
The property is located at 15 Ashmun St Waterbury, CT.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 6 residential units; 7 garages; Built in 1928
