Four-Unit Multifamily
New
For Sale
$675,000
15 Summer Street, Waterbury, CT 06704
Multi-Family For Sale, Units on different Floors, Waterbury, CT
Property Size3,314 SF
Lot Size0.11 Acres
Price / SF$203.68
Days on Market3
Property Features for 15 Summer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 2, Bedroom 6, Bedroom 8, Bedroom 4, Bedroom 1, Bedroom 9, Bedroom 3, Basement, Bathroom 1, Bedroom 5, Bedroom 10, Bathroom 3, Bedroom 7, Bathroom 2
Parking
6
Basement
Full
Lot features
City Views
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
gps
Standard status
Active
Size
3,314 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
5039
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1900
Architectural style
Other
Listing Agency:
Brass Moon Realty
(203) 945-1000
Listed By:
Ben Weinberg · License #RES.0813934
(917) 974-6356
Added: Oct 13
Changed: Oct 14
Last Checked: Oct 15 at 6:06AM
MLS# 24214137
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This RM-zoned multifamily property contains four residential units in two buildings. The main structure is a three-family building; a separate, two-story rear building has one bedroom and one bathroom. The buildings together contain 3,314 square feet on a 0.11-acre lot. The property was built in 1900 and has hot water heating.
All four units are occupied. Public water and public sewer serve the property.
All four units are occupied. Public water and public sewer serve the property.
Key Highlights
- Four residential units in two buildings; all units are occupied
- 3,314 square feet of building area on a 0.11‑acre lot
- Main building contains three residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,635
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,700
$672.7K
Cap Rate 7%
$480,500
$480.5K
Cap Rate 9%
$373,722
$373.7K
Market Conditions
NOI Build-Up for 3,314 SF
Gross rent
$65.6K $19.80/SF
− Vacancy
−$4.5K −$1.35/SF
EGI
$61.2K $18.45/SF
− OpEx
−$27.5K −$8.30/SF
NOI
$33.6K $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%
$672,700
Cap Rate 7%
$480,500
Cap Rate 9%
$373,722
Alternative Uses
Best Use
Apartment 5plus
$480.5K
$420.4K – $560.6K
NOI $33,635 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
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
Property Analytics
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Open Analytics
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - All four residential units are occupied across two buildings, including a detached rear residence.
Where is this multifamily property located?
The property is located at 15 Summer Street 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 in two buildings; all units are occupied; 3,314 square feet of building area on a 0.11‑acre lot; Main building contains three residential units
