Duplex with Finished
15 Niagara, Waterbury, CT 06705
For Sale
New
$379,900
Two separate residences are complemented by finished attic space with a half bath.
Property Size1,472 SF
Price / SF$258.08
Days on Market5
Property Features for 15 Niagara
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Stories
Listing Agency:
Tier 1 Real Estate
(860) 578-2016
Listed By:
Stephanie O'Connor · License #RES.0816105
(203) 592-8887
Source:
Lockandkeyre
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 5:18AM
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 Tier 1 Real Estate
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Investment Insights
Based on property information with market context.
Built in 1900, this duplex contains two residences, each with two bedrooms. A finished third-floor attic adds three rooms and a half bath, creating additional interior space. The property measures 1,472 square feet and is heated with oil.
A detached garage provides parking for two vehicles.
A detached garage provides parking for two vehicles.
Key Highlights
- Two‑unit duplex with a two‑bedroom layout in each residence
- Finished third‑floor attic with three rooms and a half bath
- Detached garage accommodates two vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,584
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,680
$331.7K
Cap Rate 7%
$236,914
$236.9K
Cap Rate 9%
$184,267
$184.3K
Market Conditions
NOI Build-Up for 1,472 SF
Gross rent
$25.6K $17.40/SF
− Vacancy
−$1.9K −$1.31/SF
EGI
$23.7K $16.10/SF
− OpEx
−$7.1K −$4.83/SF
NOI
$16.6K $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%
$331,680
Cap Rate 7%
$236,914
Cap Rate 9%
$184,267
Alternative Uses
Best Use
Multifamily LT 5
$236.9K
$207.3K – $276.4K
NOI $16,584 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$213.4K
$186.8K – $249.0K
NOI $14,940 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$390.6K
$341.8K – $455.7K
NOI $27,344 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
847
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
$177,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Waterbury, CT
Properties on Market for Duplexes in Waterbury
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences are complemented by finished attic space with a half bath.
Where is this duplex located?
The property is located at 15 Niagara Waterbury, CT.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two‑unit duplex with a two‑bedroom layout in each residence; Finished third‑floor attic with three rooms and a half bath; Detached garage accommodates two vehicles
