Three-Family Home with
New
For Sale
$449,900
15 Avon, Waterbury, CT 06708
Three residential units include refreshed kitchens on the first and second floors, plus off-street parking.
Property Size3,197 SF
Price / SF$140.73
Days on Market5
Property Features for 15 Avon
General Information
Standard status
Active
Size
3,197 SF
Property subtype
3 Family
Units
Unit Mix
2 x 3BR, 1 x 2BR
Multifamily Units
3
Building Details
Year Built
1900
Buildings
1
Listing Agency:
ERA Treanor Real Estate
(860) 810-6210
Listed By:
James Treanor · License #REB.0756824
(203) 879-3682
Source:
Lockandkeyre
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 15 at 12:33AM
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 ERA Treanor Real Estate
Investment Insights
Based on property information with market context.
This 3,197-square-foot triplex contains three apartments: the first- and second-floor units each have three bedrooms, while the third-floor unit has two. Kitchens in the two lower units have been updated. The property was built in 1900 and includes a two-car garage, a paver driveway, and off-street parking.
Key Highlights
- 3,197‑square‑foot triplex
- Two three‑bedroom units and one two‑bedroom unit
- Updated kitchens in the first- and second‑floor apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,019
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,380
$720.4K
Cap Rate 7%
$514,557
$514.6K
Cap Rate 9%
$400,211
$400.2K
Market Conditions
NOI Build-Up for 3,197 SF
Gross rent
$55.6K $17.40/SF
− Vacancy
−$4.2K −$1.31/SF
EGI
$51.5K $16.10/SF
− OpEx
−$15.4K −$4.83/SF
NOI
$36.0K $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%
$720,380
Cap Rate 7%
$514,557
Cap Rate 9%
$400,211
Alternative Uses
Best Use
Multifamily LT 5
$514.6K
$450.2K – $600.3K
NOI $36,019 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$463.5K
$405.6K – $540.8K
NOI $32,448 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$848.4K
$742.3K – $989.8K
NOI $59,387 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include refreshed kitchens on the first and second floors, plus off-street parking.
Where is this triplex located?
The property is located at 15 Avon 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: 3,197‑square‑foot triplex; Two three‑bedroom units and one two‑bedroom unit; Updated kitchens in the first- and second‑floor apartments
