Two-Unit Duplex with Basement
For Sale
$475,000
20 Venice Avenue, Waterbury, CT 06708
Multi-Family For Sale, Units on different Floors, Waterbury, CT
Property Size2,400 SF
Lot Size0.17 Acres
Price / SF$197.92
Days on Market49
Property Features for 20 Venice Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RS
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Basement, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 6
Exterior features
Gutters
Basement
Concrete, Partial
Lot features
Level Lot, Sloping Lot
Elementary school
Carrington
High school
Wilby
Directions
Bunker Hill Rd to Martone to Venice
Subdivision
Bunker Hill
Standard status
Active
Size
2,400 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
9732
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Amenities
laundry area
Building Details
Year built
1962
Architectural style
Other
Listing Agency:
www.HomeZu.com
Listed By:
Jason Saphire
(877) 249-5478
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 26 at 1:06PM
MLS# 24205521
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.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot duplex contains two residential units arranged by floor. Each unit offers three bedrooms, a living room, dining area, kitchen, and full bathroom. A dedicated laundry area is located in the basement, adding practical utility to the property. Central air conditioning and hot-water baseboard heat serve the home, which was built in 1962. Exterior gutters are also included.
The property occupies 0.17 acres at 20 Venice Avenue in Waterbury, Connecticut. Public water and public sewer serve the building, and access to Route 8 and I-84 supports regional connectivity. RS zoning is identified for the property. The two-unit layout may accommodate an owner-occupant or an investor seeking a residential income property.
The property occupies 0.17 acres at 20 Venice Avenue in Waterbury, Connecticut. Public water and public sewer serve the building, and access to Route 8 and I-84 supports regional connectivity. RS zoning is identified for the property. The two-unit layout may accommodate an owner-occupant or an investor seeking a residential income property.
Key Highlights
- Two‑family duplex with 2,400 square feet of building area
- Two units, each with 3 bedrooms and 1 full bathroom
- Living room, dining area, and kitchen in each unit
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms, separate living and dining areas, a kitchen, and a full bathroom.
Where is this duplex located?
The property is located at 20 Venice Avenue 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‑family duplex with 2,400 square feet of building area; Two units, each with 3 bedrooms and 1 full bathroom; Living room, dining area, and kitchen in each unit
