Waterbury Three-Family Investment
225 Bishop Street Waterbury, CT 06704
For Sale
$295,000
MULTI_FAMILY - Waterbury, CT
Property Size2,673 SF
Lot Size0.05 Acres
Price / SF$110.36
Days on Market137
Property Features for 225 Bishop Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Basement, Bedroom 4, Bedroom 2
- Patio and Porch features
- Porch
- Exterior features
- Porch-Enclosed,Porch
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 2,673 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4449
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Architectural style
- Other
Listing Agency:
Brass Moon Realty
(203) 945-1000
Listed By:
Levi Judqin · License #REB.0792029
(203) 724-7127
Added: Mar 12
Changed: Jul 26
Last Checked: Jul 26 at 6:06PM
MLS# 24158834
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.
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 and separate utilities. The property includes off-street parking. It is situated near local shopping, restaurants, schools, parks, and major highways, providing accessibility for residents. This multi-family property is suitable for expanding an investment portfolio or for owner-occupancy with rental income. The property is being sold as-is and is subject to short sale approval. The lot size is 0.05 acres. The property size is 2673 square feet and is zoned RM.
Key Highlights
- 3‑family property in Waterbury, CT with separate utilities for each unit
- Off‑street parking included
- Public water and public sewer
Financial Insights For Apartment 5plus
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 | $52.9k | $19.80 |
| − Vacancy | −$3.6k | −$1.35 |
| EGI | $49.3k | $18.45 |
| − OpEx | −$22.2k | −$8.30 |
| NOI | $27.1k | $10.15 |
2,673 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit property in Waterbury, Connecticut, with income potential.
Where is this triplex located?
The property is located at 225 Bishop Street 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: 3‑family property in Waterbury, CT with separate utilities for each unit; Off‑street parking included; Public water and public sewer
