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Two-Unit Duplex with Water Views
For Sale
$599,900

23 Ridgewood Avenue, Waterford, CT 06385

Multi-Family For Sale, Units on different Floors, Waterford, CT

Property Size1,680 SF
Lot Size0.16 Acres
Price / SF$357.08
Days on Market101

Property Features for 23 Ridgewood Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning VR-75
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 2
Parking 4
Exterior features Underground Utilities
Fireplace 1
Basement Crawl Space, Partial
Lot features Level Lot, Water View
Elementary school Per Board of Ed
High school Waterford
Directions Great Neck rd to Ridgewood Ave or Ocean Ave to Highland to Ridgewood Park
Subdivision Ridgewood Park
Standard status Active
Size 1,680 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2027
Tax Annual Amount 5793

Utilities

Sewer type Public Sewer
Heating system Steam
Water source Public

Building Details

Year built 1900
Architectural style Other
Listing Agency: RE/MAX on the Bay · RE/MAX International
Listed By: Lu-Ann Perkins
Added: May 28 Changed: Sep 4 Last Checked: Sep 5 at 12:06PM
MLS# 24170288

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.

This two-unit duplex contains 1,680 square feet on a 0.16-acre parcel. The first-floor residence includes three bedrooms, one bathroom, and a living-room fireplace; the second-floor unit offers two bedrooms, one bathroom, and a water view from the living room. A single steam heating system serves the property and uses oil fuel. The home was built in 1900 and includes underground utilities, public water, and public sewer.

The property is within walking distance of Ocean Beach and Waterford Beach, with additional access to Harkness and Seaside state parks nearby. Updates include siding, roofing, the boiler, the second-floor kitchen and bathroom, and some flooring on both levels. Zoning is VR-75.

Key Highlights

  • Two‑unit duplex with 1,680 square feet on a 0.16‑acre parcel
  • First‑floor unit has 3 bedrooms, 1 bathroom, and a living‑room fireplace
  • Second‑floor unit includes 2 bedrooms, 1 bathroom, and a living‑room water view

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Restaurant Real Estate Agency Hair Salon Electrical Service Kitchen & Bath Showroom Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

82
Businesses Nearby

Demographics for 06385, CT

15,796
Population
7,407
Households
2.1
Avg Household Size
49
Median Age
41%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
637
Density / Sq Mi
$110,375
Median Household Income
$61,767
Median Earnings
$1,593
Median Rent
$334,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-level duplex near Ocean and Waterford Beach with updated roofing, siding, boiler, kitchen, bath, and flooring.
Where is this duplex located?
The property is located at 23 Ridgewood Avenue Waterford, CT.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,680 square feet on a 0.16‑acre parcel; First‑floor unit has 3 bedrooms, 1 bathroom, and a living‑room fireplace; Second‑floor unit includes 2 bedrooms, 1 bathroom, and a living‑room water view
More about this property
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