Duplex with Finished
For Sale
$319,000
22 Ashley Street, Waterbury, CT 06704
Multi-Family For Sale, Units on different Floors, Waterbury, CT
Property Size2,825 SF
Lot Size0.16 Acres
Price / SF$112.92
Days on Market171
Property Features for 22 Ashley Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 6, Bedroom 3, Bedroom 2, Basement, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 4
Parking
2
Basement
Full
Lot features
Rolling
Elementary school
Per Board of Ed
High school
Per Board of Ed
Directions
GPS Friendly
Subdivision
W.O.W
Standard status
Active
Size
2,825 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
3662
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1878
Architectural style
Other
Listing Agency:
RE/MAX RISE · RE/MAX International
(203) 806-1435
Listed By:
Michael Albert
(203) 228-3738
Added: May 17
Changed: Oct 31
Last Checked: Nov 3 at 3:06AM
MLS# 24176096
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1878, this 2,825-square-foot duplex contains two units on a 0.16-acre lot. The first-floor residence has two bedrooms, a living room, dining room, and dedicated laundry room. The second unit covers the second and third floors and includes four bedrooms, one full bathroom, a sunporch, and its own laundry room. A finished basement, storage shed, and baseboard heating round out the property. Water service is public, and the property connects to public sewer.
Off-street parking accommodates 2–3 vehicles, with additional on-street parking also available. The property is zoned RM and is located in Waterbury, Connecticut.
Off-street parking accommodates 2–3 vehicles, with additional on-street parking also available. The property is zoned RM and is located in Waterbury, Connecticut.
Key Highlights
- Two‑unit duplex with 2,825 square feet on a 0.16‑acre lot
- First‑floor unit has 2 bedrooms, living and dining rooms, and a laundry room
- Upper unit 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.
How Realmo checks its estimates
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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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate laundry rooms, with the upper residence spanning two floors.
Where is this duplex located?
The property is located at 22 Ashley Street 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‑unit duplex with 2,825 square feet on a 0.16‑acre lot; First‑floor unit has 2 bedrooms, living and dining rooms, and a laundry room; Upper unit spans the second and third floors with 4 bedrooms, 1 full bath, sunporch, and laundry
