Waterbury Triplex Investment
230 Bishop Street Waterbury, CT 06704
230 Bishop Street, Waterbury, CT, 06704
$295,000
For Sale
$295,000
Three-unit property in Waterbury, Connecticut, ideal for investors.
Property Size2,145 SF
Price / SF$137.53
Days on Market199
Property Features for 230 Bishop Street
General Information
- Standard status
- Active
- Size
- 2,145 SF
- Property subtype
- Multi-Family / 4 Family
Building Details
- Year Built
- 1895
Listing Agency
Brass Moon Realty
(203) 724-7127
Listed by
Levi Y Judqin · License #REB.0791859
(203) 724-7127
Source
Compass
Added: Dec 30, 2025 Checked: Jul 17 at 3:36 am
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
Investment Insights
Based on property information with market context.
This three-family property is located in Waterbury, Connecticut. Each unit features spacious layouts, multiple bedrooms, ample natural light, and separate living areas. The property includes separate utilities, off-street parking, and a manageable yard space. It is conveniently located near schools, shopping, restaurants, and major highways. The property offers strong rental potential and the ability to generate steady income. The property size is 2145 square feet.
Key Highlights
- Strong rental potential for steady income generation.
- Three separate units offering spacious layouts with multiple bedrooms and separate living areas.
- Separate utilities for each unit.
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 | $37.3k | $17.40 |
| − Vacancy | −$2.8k | −$1.31 |
| EGI | $34.5k | $16.10 |
| − OpEx | −$10.4k | −$4.83 |
| NOI | $24.2k | $11.27 |
2,145 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$345.2K
$302.1K – $402.8K
NOI $24,167 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$311.0K
$272.1K – $362.9K
NOI $21,771 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$569.2K
$498.1K – $664.1K
NOI $39,846 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property in Waterbury, Connecticut, ideal for investors.
Where is this triplex located?
The property is located at 230 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: Strong rental potential for steady income generation.; Three separate units offering **spacious layouts with multiple bedrooms and separate living areas.**; Separate utilities for each unit.
