Renovated Three-Family
218 Charles Street Waterbury, CT 06708
218 Charles Street, Waterbury, CT, 06708
$749,000
For Sale
$749,000
Fully renovated three-family home with modern comfort and new appliances.
Property Size3,900 SF
Price / SF$192.05
Days on Market66
Property Features for 218 Charles Street
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1926
Listing Agency
William Raveis Real Estate
(860) 883-2099
Listed by
Barbara Myslinski-Krucko
(860) 883-2099
Source
Lockandkeyre
Added: May 13 Checked: Jul 17 at 5:54 am
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
This exceptional oversized three-family home has been fully renovated to offer new construction quality. The property provides generous living space and unmatched modern comfort. Each of the three units features four bedrooms, one full bathroom, and a guest half bathroom, along with an open-concept living/kitchen area ideal for both relaxation and entertaining. Thoughtfully designed with quality and convenience in mind, every unit includes new appliances, hardwood floors, a natural gas heating system, a central A/C system, and dedicated laundry areas. The attic and lower level offer the possibility for additional space. The property size is 3900 square feet.
Key Highlights
- Fully renovated 3‑family home with new construction quality.
- Each unit boasts 4 bedrooms, 1 full bathroom, and a half bathroom.
- Open‑concept living/kitchen area ideal for relaxation and entertaining.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.9k | $17.40 |
| − Vacancy | −$5.1k | −$1.31 |
| EGI | $62.8k | $16.10 |
| − OpEx | −$18.8k | −$4.83 |
| NOI | $43.9k | $11.27 |
3,900 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$627.7K
$549.2K – $732.3K
NOI $43,939 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$565.5K
$494.8K – $659.7K
NOI $39,583 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$1.03M
$905.6K – $1.21M
NOI $72,446 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully renovated three-family home with modern comfort and new appliances.
Where is this triplex located?
The property is located at 218 Charles Street Waterbury, CT.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Fully renovated 3‑family home with new construction quality.; Each unit boasts 4 bedrooms, 1 full bathroom, and a half bathroom.; Open‑concept living/kitchen area ideal for relaxation and entertaining.
