Two-Unit Duplex with Basement
For Sale
$475,000
20 Venice, Waterbury, CT 06708
Two-level duplex with three-bedroom residences, separate laundry space, and municipal water and sewer service.
Property Size2,400 SF
Price / SF$197.92
Days on Market49
Property Features for 20 Venice
General Information
Standard status
Active
Size
2,400 SF
Property subtype
2 Family
Site & Location
Neighborhood
Bunker Hill
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Amenities
laundry area
Building Details
Year Built
1962
Buildings
1
Listing Agency:
www.HomeZu.com
(877) 249-5478
Listed By:
Jason Saphire · License #REB.0788861
(781) 492-7575
Source:
Lockandkeyre
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 24 at 5:14PM
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 www.HomeZu.com
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Investment Insights
Based on property information with market context.
This duplex, constructed in 1962, contains two residential units arranged across separate floors. Each residence includes three bedrooms, a living room, dining area, kitchen, and full bathroom, creating a consistent layout throughout the building. A dedicated laundry area is located in the basement, adding functional support space for both units.
The property is served by city water and sewer and offers access to Route 8 and Route 84. Its two-unit configuration and matching floor plans provide a straightforward residential income property format with substantial living space in each residence.
The property is served by city water and sewer and offers access to Route 8 and Route 84. Its two-unit configuration and matching floor plans provide a straightforward residential income property format with substantial living space in each residence.
Key Highlights
- Two residential units with matching three‑bedroom layouts
- Each unit includes a living room, dining area, kitchen, and full bathroom
- Separate laundry area located in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,040
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,800
$540.8K
Cap Rate 7%
$386,286
$386.3K
Cap Rate 9%
$300,444
$300.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$41.8K $17.40/SF
− Vacancy
−$3.1K −$1.31/SF
EGI
$38.6K $16.10/SF
− OpEx
−$11.6K −$4.83/SF
NOI
$27.0K $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%
$540,800
Cap Rate 7%
$386,286
Cap Rate 9%
$300,444
Alternative Uses
Best Use
Multifamily LT 5
$386.3K
$338.0K – $450.7K
NOI $27,040 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$348.0K
$304.5K – $406.0K
NOI $24,359 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$636.9K
$557.3K – $743.0K
NOI $44,582 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with three-bedroom residences, separate laundry space, and municipal water and sewer service.
Where is this duplex located?
The property is located at 20 Venice 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 with matching three‑bedroom layouts; Each unit includes a living room, dining area, kitchen, and full bathroom; Separate laundry area located in the basement
