Renovated Two-Family
15 James Street Waterbury, CT 06708
15 James Street, Waterbury, CT, 06708
$335,000
For Sale
$335,000
Two-unit home with recent upgrades, including 2025 renovation on the first floor and newer roof and mechanicals.
Property Size1,728 SF
Price / SF$193.87
Days on Market162
Property Features for 15 James Street
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1888
Listing agency
Vitale Realty
(203) 233-8306
Listed by
Michael Vitale · License #RES.0703470
(203) 233-8306
Source
Compass
Added: Feb 9 Updated: Jul 20 at 4:41PM Checked: Jul 20 at 4:41PM
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 Vitale Realty
Investment Insights
Based on property information with market context.
This two-family residence offers a total of four rooms on each unit, with two bedrooms per floor. The first-floor unit was totally renovated in 2025 and includes a gas boiler. The second-floor unit features electric heat.
Recent capital improvements include a new roof from 2023, a boiler replacement in 2023, and new windows and insulation completed in 2019. Additional updates noted include newer hot water heater equipment and fencing.
Both units are configured as comfortable two-bedroom layouts with four-room plans, supported by the respective heating systems listed for each floor.
Recent capital improvements include a new roof from 2023, a boiler replacement in 2023, and new windows and insulation completed in 2019. Additional updates noted include newer hot water heater equipment and fencing.
Both units are configured as comfortable two-bedroom layouts with four-room plans, supported by the respective heating systems listed for each floor.
Key Highlights
- Two‑family home built in 1888 with 8 total rooms (4 rms/2 beds on each floor)
- First‑floor unit totally renovated in 2025 with 4 rooms, 2 bedrooms, and a gas boiler
- Second‑floor unit has 4 rooms, 2 bedrooms, with electric heat
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 | $30.1k | $17.40 |
| − Vacancy | −$2.3k | −$1.31 |
| EGI | $27.8k | $16.10 |
| − OpEx | −$8.3k | −$4.83 |
| NOI | $19.5k | $11.27 |
1,728 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.1K
$243.4K – $324.5K
NOI $19,469 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$250.5K
$219.2K – $292.3K
NOI $17,538 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$458.6K
$401.2K – $535.0K
NOI $32,099 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit home with recent upgrades, including 2025 renovation on the first floor and newer roof and mechanicals.
Where is this duplex located?
The property is located at 15 James Street Waterbury, CT.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two‑family home built in 1888 with 8 total rooms (4 rms/2 beds on each floor); First‑floor unit totally renovated in 2025 with 4 rooms, 2 bedrooms, and a gas boiler; Second‑floor unit has 4 rooms, 2 bedrooms, with electric heat
