Triplex With Detached Three-Bay
New
For Sale
$599,900
160 Edson Avenue, Waterbury, CT 06705
Multi-Family For Sale, 3updown - Unit(s) per Floor, Waterbury, CT
Property Size3,027 SF
Lot Size0.17 Acres
Price / SF$198.18
Days on Market3
Property Features for 160 Edson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 6, Bedroom 8, Bathroom 1, Basement, Bedroom 7, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4
Parking
9
Patio and Porch features
Porch
Exterior features
Porch-Enclosed,Sidewalk,Porch,Garden Area
Basement
Full
Lot features
Corner Lot, Level Lot
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
East Main Street to Beecher Avenue. Left onto Lockhart Avenue (By Roberto Clemente International Dual Language School), Property on right at stop sign-corner of Lockhart Avenue and Edson Avenue #160
Subdivision
East End
Standard status
Active
Size
3,027 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
7566
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Amenities
patio
built-in stone BBQ
white picket vinyl fencing
field stone pillars
enclosed rear porches
walk-out basement
Building Details
Year built
1919
Architectural style
Other
Listing Agency:
Advantage Realty Group, Inc.
(203) 755-4015
Listed By:
Judith Caputo · License #REB.0751026
(203) 509-1151
Added: Sep 22
Last Checked: Sep 24 at 10:06AM
MLS# 24209055
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 1919 triplex at 160 Edson Avenue contains 3,027 square feet on a 0.17-acre double corner lot in Waterbury. The property includes enclosed rear porches, a full above-ground basement with windows and walk-out access, and a detached brick garage measuring 28 x 22 feet with three bays and newer doors. Exterior improvements include fencing, sidewalks, a patio, garden area, fieldstone pillars, and a built-in stone BBQ.
Public water and public sewer serve the property. Its location provides access to Route 8 and I-84, with the address situated in Waterbury’s East End. RM zoning and the existing triplex configuration support its residential income property classification.
Public water and public sewer serve the property. Its location provides access to Route 8 and I-84, with the address situated in Waterbury’s East End. RM zoning and the existing triplex configuration support its residential income property classification.
Key Highlights
- Triplex with 3,027 square feet on a 0.17‑acre double corner lot
- Detached brick garage measures 28 x 22 feet and includes 3 bays
- Full above‑ground basement has windows and walk‑out access
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
$34,104
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
5.68%
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%
$682,080
$682.1K
Cap Rate 7%
$487,200
$487.2K
Cap Rate 9%
$378,933
$378.9K
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
$52.7K $17.40/SF
− Vacancy
−$4.0K −$1.31/SF
EGI
$48.7K $16.10/SF
− OpEx
−$14.6K −$4.83/SF
NOI
$34.1K $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 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%
$682,080
Cap Rate 7%
$487,200
Cap Rate 9%
$378,933
Alternative Uses
Best Use
Multifamily LT 5
$487.2K
$426.3K – $568.4K
NOI $34,104 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$438.9K
$384.0K – $512.0K
NOI $30,722 @ 7.0% cap · market cap 5.12%
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
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road 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
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - RM-zoned residential property with enclosed porches, a walk-out basement, and public water and sewer service.
Where is this triplex located?
The property is located at 160 Edson Avenue 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: Triplex with 3,027 square feet on a 0.17‑acre double corner lot; Detached brick garage measures 28 x 22 feet and includes 3 bays; Full above‑ground basement has windows and walk‑out access
