2-Family Duplex with
For Sale
$339,900
Pending
206 Chipman St, Waterbury, CT 06708
Updated interiors, separate utilities, and enclosed porches support practical multifamily use.
Property Size1,508 SF
Days on Market51
Property Features for 206 Chipman St
General Information
Standard status
Pending
Size
1,508 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Town Plot
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
enclosed porches
Building Details
Building Size
1,508 SF
Year Built
1918
Listing Agency:
Mapleridge Realty
Listed By:
Tommy Dorso · License #REB.0792861
(203) 725-7004
Source:
Elliman
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 26 at 5:27PM
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 Mapleridge Realty
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Investment Insights
Based on property information with market context.
Located at 206 Chipman St in Waterbury’s Town Plot section, this 1918 duplex contains two residential units. Each unit offers two bedrooms, an eat-in kitchen, a living room, a renovated bathroom, enclosed porch space, and closet storage. Interior improvements include new flooring throughout the units, while recent property upgrades include a new roof, windows, front walkways, concrete garage floor, owner’s panel, high-efficiency furnace, and fire-rated doors.
The property occupies a level lot measuring over half an acre, with a dry basement, a two-car detached garage, separate utilities, and off-street parking. It is located seconds from major highways and includes bike, walk, and transit scores of 19, 57, and 30, respectively.
The property occupies a level lot measuring over half an acre, with a dry basement, a two-car detached garage, separate utilities, and off-street parking. It is located seconds from major highways and includes bike, walk, and transit scores of 19, 57, and 30, respectively.
Key Highlights
- 2‑family duplex with two bedrooms in each unit
- Over half an acre on a level lot
- Two‑car detached garage with concrete floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,990
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,800
$339.8K
Cap Rate 7%
$242,714
$242.7K
Cap Rate 9%
$188,778
$188.8K
Market Conditions
NOI Build-Up for 1,508 SF
Gross rent
$26.2K $17.40/SF
− Vacancy
−$2.0K −$1.31/SF
EGI
$24.3K $16.10/SF
− OpEx
−$7.3K −$4.83/SF
NOI
$17.0K $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%
$339,800
Cap Rate 7%
$242,714
Cap Rate 9%
$188,778
Alternative Uses
Best Use
Multifamily LT 5
$242.7K
$212.4K – $283.2K
NOI $16,990 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$218.6K
$191.3K – $255.1K
NOI $15,305 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$400.2K
$350.2K – $466.9K
NOI $28,013 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
717
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 Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors, separate utilities, and enclosed porches support practical multifamily use.
Where is this duplex located?
The property is located at 206 Chipman St Waterbury, CT.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 2‑family duplex with two bedrooms in each unit; Over half an acre on a level lot; Two‑car detached garage with concrete floor
