1925 Two-Unit Residential Income
16 Clifton Avenue Waterbury, CT 06710
16 Clifton Avenue, Waterbury, CT, 06710
$390,000
For Sale
$390,000
Updated 1925 duplex with two units, two bedrooms each, a detached two-car garage, and a walk-up attic.
Property Size2,368 SF
Price / SF$164.70
Days on Market165
Property Features for 16 Clifton Avenue
General Information
- Standard status
- Active
- Size
- 2,368 SF
- Property subtype
- Multi-Family / 2 Family
Building Details
- Year Built
- 1925
Listing agency
Coldwell Banker Realty
(203) 272-1633
Listed by
Jennifer Bundock · License #REB.0795345
(203) 272-1633
Source
Compass
Added: Feb 6 Updated: Jul 20 at 10:20PM Checked: Jul 21 at 6:00AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1925 two-family home offers a straightforward, functional layout with generous living space. Each unit features two bedrooms and one full bath, and the property includes a detached two-car garage and a fenced front yard. A walk-up third-floor attic provides additional storage and may offer future expansion opportunities.
The home has undergone major improvements, including the roof, heating systems, siding, windows, plumbing, electrical, and flooring, helping reduce immediate repair needs. The first-floor unit is currently rented, while the second unit is available, providing flexibility for either an owner-occupant or an investor.
With two units configured similarly, the property supports a consistent income and occupancy setup, complemented by everyday conveniences like off-street parking in the garage and outdoor space in the fenced yard.
The home has undergone major improvements, including the roof, heating systems, siding, windows, plumbing, electrical, and flooring, helping reduce immediate repair needs. The first-floor unit is currently rented, while the second unit is available, providing flexibility for either an owner-occupant or an investor.
With two units configured similarly, the property supports a consistent income and occupancy setup, complemented by everyday conveniences like off-street parking in the garage and outdoor space in the fenced yard.
Key Highlights
- 1925 two‑family home with 2 bedrooms and 1 full bath per unit (2 units total)
- Approximately 1,184 SF per unit with 10 total rooms
- Major improvements completed: roof, heating systems, siding, windows, plumbing, electrical, and flooring
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 | $41.2k | $17.40 |
| − Vacancy | −$3.1k | −$1.31 |
| EGI | $38.1k | $16.10 |
| − OpEx | −$11.4k | −$4.83 |
| NOI | $26.7k | $11.27 |
2,368 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.1K
$333.5K – $444.7K
NOI $26,679 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$343.3K
$300.4K – $400.6K
NOI $24,034 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$628.4K
$549.9K – $733.1K
NOI $43,988 @ 7.0% cap · market cap 11.28%
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 - Updated 1925 duplex with two units, two bedrooms each, a detached two-car garage, and a walk-up attic.
Where is this duplex located?
The property is located at 16 Clifton Avenue Waterbury, CT.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 1925 two‑family home with 2 bedrooms and 1 full bath per unit (2 units total); Approximately 1,184 SF per unit with 10 total rooms; Major improvements completed: roof, heating systems, siding, windows, plumbing, electrical, and flooring
