3-Unit Triplex with Updated
New
For Sale
$469,900
21 Aetna, Waterbury, CT 06704
Three apartments feature separate, tenant-paid electric service and washer/dryer hookups.
Property Size1,900 SF
Price / SF$136.48
Days on Market5
Property Features for 21 Aetna
General Information
Standard status
Active
Size
1,900 SF
Property subtype
3 Family
Lease Term
Listing ID: 24217002, Standard Status: Active, MLS Status: Active, Property Subtype: 3 Family, 1 day on market
Site & Location
Neighborhood
New_pac
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Individually Metered Utilities
electricity
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
Oxford Realty
Listed By:
Amanda Faroni-Sheehan · License #REB.0793328
(203) 314-4219
Source:
Iverty
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 28 at 3:02PM
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 Oxford Realty
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Investment Insights
Based on property information with market context.
This 3-unit residential property was built in 1900. Each apartment offers 2 bedrooms, 1 full bath and approximately 1,140 SF, with an eat-in kitchen, living room and dining room. Interior features include hardwood floors, updated kitchens and bathrooms, and washer/dryer hookups. Vinyl siding and replacement windows are among the exterior improvements.
Electric service is separately metered for tenants, with no owner’s meter. The property is in Waterbury’s New Pac neighborhood, minutes from the Waterbury Police Activity League and with access to major highways, shopping, dining and public transportation.
Electric service is separately metered for tenants, with no owner’s meter. The property is in Waterbury’s New Pac neighborhood, minutes from the Waterbury Police Activity League and with access to major highways, shopping, dining and public transportation.
Key Highlights
- Three apartments, each with 2 bedrooms and 1 full bath
- Approximately 1,140 SF of living space per apartment
- Updated kitchens and bathrooms, hardwood floors, and washer/dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,791
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,820
$775.8K
Cap Rate 7%
$554,157
$554.2K
Cap Rate 9%
$431,011
$431.0K
Market Conditions
NOI Build-Up for 3,443 SF
Gross rent
$59.9K $17.40/SF
− Vacancy
−$4.5K −$1.31/SF
EGI
$55.4K $16.10/SF
− OpEx
−$16.6K −$4.83/SF
NOI
$38.8K $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%
$775,820
Cap Rate 7%
$554,157
Cap Rate 9%
$431,011
Alternative Uses
Best Use
Multifamily LT 5
$554.2K
$484.9K – $646.5K
NOI $38,791 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$499.2K
$436.8K – $582.4K
NOI $34,945 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$913.7K
$799.5K – $1.07M
NOI $63,957 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Explore this area
Business Placement
Demographics for 06704, CT
27,300
Population
12,987
Households
2.1
Avg Household Size
34
Median Age
14%
College-Educated
78%
High-School Grad
8.1 sq mi
ZIP Area
3,370
Density / Sq Mi
$47,848
Median Household Income
$33,090
Median Earnings
$1,202
Median Rent
$178,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments feature separate, tenant-paid electric service and washer/dryer hookups.
Where is this triplex located?
The property is located at 21 Aetna Waterbury, CT.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Three apartments, each with 2 bedrooms and 1 full bath; Approximately 1,140 SF of living space per apartment; Updated kitchens and bathrooms, hardwood floors, and washer/dryer hookups
