4-Unit Multifamily
New
For Sale
$675,000
15 Summer, Waterbury, CT 06704
Four occupied residences are arranged across a primary three-family building and a detached rear dwelling.
Property Size3,314 SF
Price / SF$203.68
Days on Market3
Property Features for 15 Summer
General Information
Standard status
Active
Size
3,314 SF
Property subtype
4 Family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
4
Building Details
Year Built
1900
Buildings
2
Listing Agency:
Brass Moon Realty
(203) 945-1000
Listed By:
Ben Weinberg · License #RES.0813934
(917) 974-6356
Source:
Lockandkeyre
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 10:24PM
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 Brass Moon Realty
Investment Insights
Based on property information with market context.
This multifamily property contains four residential units across two buildings. The principal building is configured as a three-family residence, while a separate, two-story building at the rear provides a one-bedroom, one-bathroom unit. The property was built in 1900, and all four units are occupied.
Located at 15 Summer St in Waterbury, the property has a Walk Score of 77, a Transit Score of 53, and a Bike Score of 40.
Located at 15 Summer St in Waterbury, the property has a Walk Score of 77, a Transit Score of 53, and a Bike Score of 40.
Key Highlights
- Four residential units distributed between two buildings
- Primary building is configured as a three‑family property
- Detached rear building is two stories with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,337
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,740
$746.7K
Cap Rate 7%
$533,386
$533.4K
Cap Rate 9%
$414,856
$414.9K
Market Conditions
NOI Build-Up for 3,314 SF
Gross rent
$57.7K $17.40/SF
− Vacancy
−$4.3K −$1.31/SF
EGI
$53.3K $16.10/SF
− OpEx
−$16.0K −$4.83/SF
NOI
$37.3K $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%
$746,740
Cap Rate 7%
$533,386
Cap Rate 9%
$414,856
Alternative Uses
Best Use
Multifamily LT 5
$533.4K
$466.7K – $622.3K
NOI $37,337 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$480.5K
$420.4K – $560.6K
NOI $33,635 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$879.4K
$769.5K – $1.03M
NOI $61,561 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,581
Businesses Nearby
Explore this area
Business Placement
Demographics for 06704, CT
27,300
Population
12,987
Households
2.1
Avg Household Size
34
Median Age
14%
College-Educated
78%
High-School Grad
8.1 sq mi
ZIP Area
3,370
Density / Sq Mi
$47,848
Median Household Income
$33,090
Median Earnings
$1,202
Median Rent
$178,500
Median Home Value
Check the figures for this property
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?
Quadplex - Four occupied residences are arranged across a primary three-family building and a detached rear dwelling.
Where is this quadplex located?
The property is located at 15 Summer Waterbury, CT.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four residential units distributed between two buildings; Primary building is configured as a three‑family property; Detached rear building is two stories with 1 bedroom and 1 bathroom
