Waterbury Three-Family Investment
225 Bishop St, Waterbury, CT 06704
For Sale
$295,000
Three-family property in Waterbury, Connecticut, with income potential.
Property Size2,673 SF
Price / SF$110.36
Days on Market197
Property Features for 225 Bishop St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Brass Moon Realty
Listed By:
Levi Judqin · License #REB.0791859
(203) 724-7127
Source:
Themialeteam
Added: Apr 27
Changed: Nov 7
Last Checked: Nov 8 at 7:30AM
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 Brass Moon Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Waterbury, Connecticut, this three-family property presents an investment opportunity. Each unit offers living space with separate utilities. The property includes off-street parking. It is situated near local shopping, restaurants, schools, parks, and major highways, providing accessibility for residents. The property is being sold as-is and is subject to short sale approval. The location has a walk score of 62, indicating it is somewhat walkable, a bike score of 25, indicating it is somewhat bikeable, and a transit score of 37, indicating some transit options are available.
Key Highlights
- Strong income potential as a 3‑family property.
- Separate utilities for each unit, simplifying management.
- Convenient location near shopping, restaurants, schools, parks, and major highways.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,130
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,600
$542.6K
Cap Rate 7%
$387,571
$387.6K
Cap Rate 9%
$301,444
$301.4K
Market Conditions
NOI Build-Up for 2,673 SF
Gross rent
$52.9K $19.80/SF
− Vacancy
−$3.6K −$1.35/SF
EGI
$49.3K $18.45/SF
− OpEx
−$22.2K −$8.30/SF
NOI
$27.1K $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%
$542,600
Cap Rate 7%
$387,571
Cap Rate 9%
$301,444
Alternative Uses
Best Use
Multifamily LT 5
$430.2K
$376.4K – $501.9K
NOI $30,115 @ 7.0% cap · market cap 10.21%
Second Best
Apartment 5plus
$387.6K
$339.1K – $452.2K
NOI $27,130 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$709.3K
$620.7K – $827.6K
NOI $49,654 @ 7.0% cap · market cap 16.83%
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
Location Intelligence
Trade Area within ½ mile
944
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
$178,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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-family property in Waterbury, Connecticut, with income potential.
Where is this triplex located?
The property is located at 225 Bishop St Waterbury, CT.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Strong income potential as a 3‑family property.; Separate utilities for each unit, simplifying management.; Convenient location near shopping, restaurants, schools, parks, and major highways.
