Building Details

Year Built 1905

Buildings 1

Listing Agency: Weichert Realtors MRG

Listed By: Sadiki A. Thames (347) 362-5049 (917) 886-0389 · License #RES.0810665 Show Phone

Source: Jaida.mappmyhome

Added: Jul 13 Changed: Oct 1 Last Checked: Oct 4 at 10:21AM

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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 Weichert Realtors MRG

Investment Insights

Based on property information with market context.

Located at 17 Congress Ave in Waterbury, this 1905 mixed-use building combines two residential units with a lower-level commercial space. Each residential unit has 3 bedrooms, while the business area is described as suitable for multiple uses. The property also includes a separate studio office that can support administrative, creative, guest, or other flexible functions.

Three ductless split A/C units provide cooling, and gas heating serves the 2nd and 3rd floors. A 3-car garage, private driveway, and additional flexible space support parking, storage, access, or business operations. The property is in a walkable setting, with a walk score of 72, a bike score of 37, and a transit score of 39.

Key Highlights

• Two residential units, each with 3 bedrooms
• Lower‑level commercial space zoned for multiple business uses
• 3‑car garage plus private driveway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,742

Cap Rate

8.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$834,840 $834.8K

Cap Rate 7%

$596,314 $596.3K

Cap Rate 9%

$463,800 $463.8K

Market Conditions

NOI Build-Up for 3,705 SF

Gross rent

$64.5K $17.40/SF

− Vacancy

−$4.8K −$1.31/SF

EGI

$59.6K $16.10/SF

− OpEx

−$17.9K −$4.83/SF

NOI

$41.7K $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 Rate 5%

$834,840

Cap Rate 7%

$596,314

Cap Rate 9%

$463,800

Alternative Uses

Best Use

Office B

$683.6K

$598.1K – $797.5K (±1% cap)

NOI $47,850 @ 7.0% cap · market cap 10.07%

Second Best

Mixed Use

$643.1K

$562.7K – $750.3K (±1% cap)

NOI $45,016 @ 7.0% cap · market cap 9.48%

Theoretical Best

Office A

$983.2K

$860.3K – $1.15M (±1% cap)

NOI $68,824 @ 7.0% cap · market cap 14.49%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Cremation Society of New ... Cremation Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic Pet Grooming Service Storage Facility Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

674

Businesses Nearby

Explore this area Business Placement

Demographics for 06708, CT

30,345

Population

13,061

Households

2.3

Avg Household Size

38

Median Age

22%

College-Educated

84%

High-School Grad

9.4 sq mi

ZIP Area

3,228

Density / Sq Mi

$63,705

Median Household Income

$40,515

Median Earnings

$1,275

Median Rent

$196,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Versatile live-work property combining residential units, business space, parking, and a separate studio office.

Where is this mixed-use property located?

The property is located at 17 Congress Ave Waterbury, CT.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Two residential units, each with 3 bedrooms; Lower‑level commercial space zoned for multiple business uses; 3‑car garage plus private driveway