Renovated 3-Unit
23 Wall Street Waterbury, CT 06705
23 Wall Street, Waterbury, CT, 06705
$489,900
For Sale
$489,900
Beautifully renovated three-family with 4-bedroom, 1.5-bath units and tenant-paid utilities.
Property Size3,840 SF
Price / SF$127.58
Days on Market62
Property Features for 23 Wall Street
General Information
- Standard status
- Active
- Size
- 3,840 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1900
Listing agency
Oxford Realty
(203) 314-4219
Listed by
Amanda R Faroni-Sheehan · License #REB.0793328
(203) 314-4219
Source
Compass
Added: May 22 Updated: Jul 22 at 9:14AM Checked: Jul 22 at 9:14AM
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 Oxford Realty
Investment Insights
Based on property information with market context.
This beautifully renovated 3-family property offers three spacious 1,280 SF units, each featuring 4 bedrooms and 1.5 baths. The multifamily has been updated throughout with new flooring, fresh paint, updated fixtures, and renovated kitchens and bathrooms. Exterior finishes include vinyl siding and painted porches, and the roof is reported to be in good condition.
Located at 23 Wall Street in Waterbury’s “WOW” neighborhood, the property is positioned near shopping, restaurants, schools, parks, and major highways. Separate utilities are provided and are tenant-paid, supporting convenient day-to-day operations.
With a total size of 3,840 SF, this turnkey residential income property presents a straightforward, updated configuration for owner-occupants or investors seeking a renovated income-producing asset.
Located at 23 Wall Street in Waterbury’s “WOW” neighborhood, the property is positioned near shopping, restaurants, schools, parks, and major highways. Separate utilities are provided and are tenant-paid, supporting convenient day-to-day operations.
With a total size of 3,840 SF, this turnkey residential income property presents a straightforward, updated configuration for owner-occupants or investors seeking a renovated income-producing asset.
Key Highlights
- Renovated 3‑family in Waterbury’s WOW neighborhood with 3,840 SF total building area
- Each unit is a spacious 1,280 SF layout with 4 bedrooms and 1.5 baths
- Updated interiors include renovated kitchens and bathrooms, new flooring, fresh paint, and updated fixtures
Local Financial Insights For Multifamily LT 5
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 | $66.8k | $17.40 |
| − Vacancy | −$5.0k | −$1.31 |
| EGI | $61.8k | $16.10 |
| − OpEx | −$18.5k | −$4.83 |
| NOI | $43.3k | $11.27 |
3,840 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$618.0K
$540.8K – $721.1K
NOI $43,263 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$556.8K
$487.2K – $649.6K
NOI $38,974 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$1.02M
$891.7K – $1.19M
NOI $71,332 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Beautifully renovated three-family with 4-bedroom, 1.5-bath units and tenant-paid utilities.
Where is this triplex located?
The property is located at 23 Wall Street Waterbury, CT.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Renovated 3‑family in Waterbury’s WOW neighborhood with 3,840 SF total building area; Each unit is a spacious 1,280 SF layout with 4 bedrooms and 1.5 baths; Updated interiors include renovated kitchens and bathrooms, new flooring, fresh paint, and updated fixtures
