Two-Family Waterview
For Sale
$599,900
23 Ridgewood Avenue, Waterford, CT 06385
A flexible two-unit property near Ocean and Waterford Beach with waterviews and recent updates for owner-occupants or investors.
Property Size1,680 SF
Price / SF$357.08
Days on Market98
Property Features for 23 Ridgewood Avenue
General Information
Standard status
Active
Size
1,680 SF
Property subtype
2 Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
RE/MAX on the Bay
(860) 625-1354
Listed By:
Lu-Ann Perkins
(860) 625-1354
Source:
Lockandkeyre
Added: May 27
Changed: Aug 31
Last Checked: Aug 31 at 3:12PM
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 on the Bay
Investment Insights
Based on property information with market context.
This two-family home offers a practical live-in and income setup with two separate units. The first-floor unit features three bedrooms and one bath, along with a living room fireplace that is not operational. The second-floor unit includes two bedrooms and one bath, with a waterview off the living room. Heating is provided by a single steam system using oil fuel, which may be of interest to buyers seeking to maintain one shared heating setup while operating both units. Updates mentioned in the property description include siding, roofing, a second-floor kitchen, and some flooring on both floors.
The home is located in Ridgewood Park and is described as being between and within walking distance of Ocean and Waterford Beach. There is also a walkway to Eugene O’Neill/Waterford Beach on Forest Street. The property description notes town-owned public water access points for activities such as kayaking, jet skiing, paddleboarding, and small boat use, and it references waterviews off the right side of the home as well as off the second-floor living room.
With its two-bedroom and three-bedroom layouts, fireplace presence (not operational), and multiple noted updates, this property may appeal to investors pursuing rental flexibility, or buyers who want to occupy one unit while renting the other. The described proximity to the water and nearby state parks supports a variety of long- and short-term rental strategies, as well as an owner-occupied beach-adjacent lifestyle.
The home is located in Ridgewood Park and is described as being between and within walking distance of Ocean and Waterford Beach. There is also a walkway to Eugene O’Neill/Waterford Beach on Forest Street. The property description notes town-owned public water access points for activities such as kayaking, jet skiing, paddleboarding, and small boat use, and it references waterviews off the right side of the home as well as off the second-floor living room.
With its two-bedroom and three-bedroom layouts, fireplace presence (not operational), and multiple noted updates, this property may appeal to investors pursuing rental flexibility, or buyers who want to occupy one unit while renting the other. The described proximity to the water and nearby state parks supports a variety of long- and short-term rental strategies, as well as an owner-occupied beach-adjacent lifestyle.
Key Highlights
- 2‑family home built in 1900 with waterviews from the home
- Walk to both Ocean and Waterford Beach; beach walkway on Forest St
- Town‑owned public water access points nearby for kayaking, jet skis, paddleboarding, and row boats/dinghies
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Duplex - A flexible two-unit property near Ocean and Waterford Beach with waterviews and recent updates for owner-occupants or investors.
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: 2‑family home built in 1900 with waterviews from the home; Walk to both Ocean and Waterford Beach; beach walkway on Forest St; Town‑owned public water access points nearby for kayaking, jet skis, paddleboarding, and row boats/dinghies
