Duplex with Finished
22 Ashley St, Waterbury, CT 06704
For Sale
$319,000
Separate laundry rooms serve two units with different bedroom layouts.
Property Size2,825 SF
Price / SF$112.92
Days on Market12
Property Features for 22 Ashley St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Year Built
Listing Agency:
RE/MAX RISE
Listed By:
Michael Albert · License #REB.0794019
(917) 280-2733
Source:
Centralconnecticuthomefinder
Added: Oct 29
Changed: Nov 7
Last Checked: Nov 8 at 7:00AM
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 RE/MAX RISE
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Investment Insights
Based on property information with market context.
At 22 Ashley St, this duplex contains two units within a 2,825-square-foot property built in 1878. The first-floor residence has two bedrooms, a living room, dining room, and laundry room. The upper unit spans the second and third floors and includes four bedrooms, one full bath, a sunporch, and its own laundry room. A finished basement, storage shed, and off-street parking are also part of the property.
Key Highlights
- Two‑family property with 2,825 square feet
- First‑floor unit has 2 bedrooms, living and dining rooms, and laundry
- Upper residence spans the second and third floors, with 4 bedrooms, 1 full bath, sunporch, and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,672
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,440
$573.4K
Cap Rate 7%
$409,600
$409.6K
Cap Rate 9%
$318,578
$318.6K
Market Conditions
NOI Build-Up for 2,825 SF
Gross rent
$55.9K $19.80/SF
− Vacancy
−$3.8K −$1.35/SF
EGI
$52.1K $18.45/SF
− OpEx
−$23.5K −$8.30/SF
NOI
$28.7K $10.15/SF
Area
Waterbury, CT
Vacancy
6.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,440
Cap Rate 7%
$409,600
Cap Rate 9%
$318,578
Alternative Uses
Best Use
Multifamily LT 5
$454.7K
$397.9K – $530.5K
NOI $31,828 @ 7.0% cap · market cap 9.98%
Second Best
Apartment 5plus
$409.6K
$358.4K – $477.9K
NOI $28,672 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$749.7K
$656.0K – $874.6K
NOI $52,477 @ 7.0% cap · market cap 16.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,120
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
$178,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Waterbury, CT
Properties on Market for Duplexes in Waterbury
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate laundry rooms serve two units with different bedroom layouts.
Where is this duplex located?
The property is located at 22 Ashley St Waterbury, CT.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two‑family property with 2,825 square feet; First‑floor unit has 2 bedrooms, living and dining rooms, and laundry; Upper residence spans the second and third floors, with 4 bedrooms, 1 full bath, sunporch, and laundry
