Renovated
209 Cooke St, Waterbury, CT 06710
For Sale
$505,000
Three-level multifamily property with a remodeled first-floor residence, full basement storage, and off-street parking.
Property Size3,988 SF
Price / SF$126.63
Days on Market54
Property Features for 209 Cooke St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
full basement
Listing Agency:
eXp Realty
(866) 828-3951
Listed By:
Mark Mermelstein · License #RES.0811095
(347) 634-2123
Source:
Exprealty
Added: Sep 17
Changed: Nov 2
Last Checked: Nov 8 at 7:45AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This three-family property, built in 1900, contains 11 bedrooms and 5 full bathrooms across three residential levels. The first-floor unit has been comprehensively remodeled with an updated kitchen, new flooring, refreshed finishes, and an open layout, along with 4 bedrooms and 2 full bathrooms. The second-floor residence also provides 4 bedrooms and 2 full bathrooms, while the third-floor unit includes 3 bedrooms and 1 full bathroom.
A full basement provides additional storage, and the property includes off-street parking. The address has a walk score of 77, a transit score of 53, and a bike score of 40.
A full basement provides additional storage, and the property includes off-street parking. The address has a walk score of 77, a transit score of 53, and a bike score of 40.
Key Highlights
- 11 bedrooms and 5 full bathrooms across three residential units
- First‑floor unit remodeled with updated kitchen, new flooring, and refreshed finishes
- First‑floor residence includes 4 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,931
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,620
$898.6K
Cap Rate 7%
$641,871
$641.9K
Cap Rate 9%
$499,233
$499.2K
Market Conditions
NOI Build-Up for 3,988 SF
Gross rent
$69.4K $17.40/SF
− Vacancy
−$5.2K −$1.31/SF
EGI
$64.2K $16.10/SF
− OpEx
−$19.3K −$4.83/SF
NOI
$44.9K $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%
$898,620
Cap Rate 7%
$641,871
Cap Rate 9%
$499,233
Alternative Uses
Best Use
Multifamily LT 5
$641.9K
$561.6K – $748.9K
NOI $44,931 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$578.2K
$506.0K – $674.6K
NOI $40,476 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$1.06M
$926.0K – $1.23M
NOI $74,081 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,776
Businesses Nearby
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Business Placement
Demographics for 06710, CT
11,056
Population
4,515
Households
2.4
Avg Household Size
32
Median Age
15%
College-Educated
71%
High-School Grad
1.0 sq mi
ZIP Area
11,056
Density / Sq Mi
$42,774
Median Household Income
$33,880
Median Earnings
$1,135
Median Rent
$219,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Waterbury, CT
Properties on Market for Triplexes in Waterbury
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-level multifamily property with a remodeled first-floor residence, full basement storage, and off-street parking.
Where is this triplex located?
The property is located at 209 Cooke St Waterbury, CT.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: 11 bedrooms and 5 full bathrooms across three residential units; First‑floor unit remodeled with updated kitchen, new flooring, and refreshed finishes; First‑floor residence includes 4 bedrooms and 2 full bathrooms
