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    Waterbury Multifamily with Additional Lot Title is generated by Realmo AI

    160 Edson Avenue, Waterbury, CT 06705

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    For Sale
    $599,500

    MULTI_FAMILY - Waterbury, CT

    Property size:
    3,027 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $198/SF
    Added:
    May 22, 2026
    Days on Market:
    7
    Last Refresh:
    May 28 at 2:06 pm

    Property Features for 160 Edson Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM
    Bedrooms
    8
    Bathrooms
    3
    Rooms
    Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 1, Basement, Bathroom 2, Bedroom 3, Bedroom 8
    Patio and Porch features
    Patio
    Exterior features
    Patio
    Basement
    Full
    Standard status
    Active
    Size
    3,027 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    7853

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1919
    Architectural style
    Other

    We can help!

    Listing Contact
    Judith Caputo
    Judith Caputo

    Listing agent Judith Caputo License #REB.0751026

    Listing office Advantage Realty Group, Inc. 131 Homer Street, Waterbury, CT

    Listing date May 22, 2026

    MLS# 24177845 Listing URL

    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.

    HighLights

    • Additional multi‑family zoned lot included in sale, offering development potential.
    • Highly sought‑after East End location with close proximity to Route 8 and I‑84 for easy commuting to New York.
    • Three‑car detached brick garage with newer doors and separate bays for workshop/storage or potential income.
    • Full, above‑ground walk‑out basement with windows and separate entrance/exit, offering potential for a fourth unit.
    • Double, oversized corner lot with white picket vinyl fencing, patio, and built‑in stone barbecue grill.
    • Newer roof and beautiful stone pillars and foundation.

    Overview

    This multifamily property is situated in a highly sought-after East End location and includes an additional multifamily zoned lot with frontage on Lockhart Avenue. The property is located on an oversized corner lot, enclosed by white picket vinyl fencing. Exterior features include a patio and a built-in stone barbecue grill. The full, above-ground walk-out basement has windows and a separate entrance and exit, offering the potential for a fourth unit. The building features stone pillars and a foundation, front porches, and enclosed rear porches. A newer roof has been installed. A detached 3-car brick garage (28 x 22) includes newer doors and separate bays suitable for a workshop, mechanics, vehicles, motorcycles, or storage. The property offers close proximity to Route 8 and I-84, facilitating commutes to New York. Roberto Clemente International Dual Language School is nearby. The property size is 3,027 square feet and the lot size is 0.17 acres.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $341.4K
    NOI $30,722 @ 9.00% cap · cautious / downside scenario
    Moderate
    $438.9K
    NOI $30,722 @ 7.00% cap · market / base-case scenario
    Aggressive
    $614.4K
    NOI $30,722 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $59.9k $19.80
    − Vacancy −$4.1k −$1.35
    EGI $55.9k $18.45
    − OpEx −$25.1k −$8.30
    NOI $30.7k $10.15
    3,027 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $438.9K
    $384.0K – $512.0K (±1% cap)
    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 (±1% cap)
    NOI $56,230 @ 7.0% cap · market cap 9.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.010983
    Latitude
    41.548158

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property with extra lot in desirable East End.
    Where is this multifamily property located?
    The property is located at 160 Edson Avenue Waterbury, CT.
    What is the asking price?
    The asking price for this property is $599,500.
    What are key features of this property?
    This property features: Additional multi‑family zoned lot included in sale, offering development potential.; Highly sought‑after East End location with close proximity to Route 8 and I‑84 for easy commuting to New York.; **Three‑car detached brick garage with newer doors and separate bays for workshop/storage or potential income.**
    (203) 509-1151
    We can help!
    Listing Contact
    Judith Caputo
    Judith Caputo
    Real Estate License ID: REB.0751026
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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