Multifamily Property with Walk-Out
New
For Sale
$599,900
160 Edson Ave, Waterbury, CT 06705
A detached brick garage, enclosed rear porches, and a fenced patio complement the residential property.
Property Size3,027 SF
Price / SF$198.18
Days on Market7
Property Features for 160 Edson Ave
General Information
Standard status
Active
Size
3,027 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Amenities
white picket vinyl fencing
patio
built-in stone BBQ
field stone pillars
enclosed rear porches
Building Details
Year Built
1919
Listing Agency:
Advantage Realty Group, Inc.
Listed By:
Judith Caputo (203) 755-4015 (203) 755-4015 · License #REB.0751026
(203) 509-1151
Source:
Ctshorelinehomesforsale
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 26 at 7:22AM
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 Advantage Realty Group, Inc.
Investment Insights
Based on property information with market context.
Built in 1919, this 3,027-square-foot multifamily property includes enclosed, windowed rear porches and a full walk-out basement with windows and access. The basement may offer potential for a fourth unit. A detached brick garage measures 28 by 22 feet and has three bays with newer doors.
The property occupies a double corner lot enclosed by vinyl fencing, with a patio and built-in stone barbecue. Route 8 and I-84 are nearby, providing connections for travel toward New York.
The property occupies a double corner lot enclosed by vinyl fencing, with a patio and built-in stone barbecue. Route 8 and I-84 are nearby, providing connections for travel toward New York.
Key Highlights
- 3,027‑square‑foot multifamily property built in 1919
- Full walk‑out basement with windows and access; potential for a fourth unit
- Detached brick garage measures 28 x 22 feet, with 3 bays and newer doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,722
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$614,440
$614.4K
Cap Rate 7%
$438,886
$438.9K
Cap Rate 9%
$341,356
$341.4K
Market Conditions
NOI Build-Up for 3,027 SF
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.
Gross rent
$59.9K $19.80/SF
− Vacancy
−$4.1K −$1.35/SF
EGI
$55.9K $18.45/SF
− OpEx
−$25.1K −$8.30/SF
NOI
$30.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$614,440
Cap Rate 7%
$438,886
Cap Rate 9%
$341,356
Alternative Uses
Best Use
Apartment 5plus
$438.9K
$384.0K – $512.0K
NOI $30,722 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$803.3K
$702.9K – $937.2K
NOI $56,230 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - A detached brick garage, enclosed rear porches, and a fenced patio complement the residential property.
Where is this multifamily property located?
The property is located at 160 Edson Ave Waterbury, CT.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 3,027‑square‑foot multifamily property built in 1919; Full walk‑out basement with windows and access; potential for a fourth unit; Detached brick garage measures 28 x 22 feet, with 3 bays and newer doors
