Three-Unit Triplex with
For Sale
$295,000
230 Bishop St, Waterbury, CT 06704
Three residential units feature separate utilities, off-street parking, and individual living areas.
Property Size2,145 SF
Price / SF$137.53
Days on Market98
Property Features for 230 Bishop St
General Information
Standard status
Active
Size
2,145 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Amenities
off-street parking
yard space
Building Details
Year Built
1895
Listing Agency:
Brass Moon Realty
Listed By:
Levi Judqin · License #REB.0791859
(203) 724-7127
Source:
Themialeteam
Added: Jul 10
Changed: Oct 1
Last Checked: Oct 15 at 1:33AM
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-unit triplex offers a residential income configuration with separate utilities, distinct living areas, and multiple-bedroom layouts. The property also includes off-street parking and a yard, providing useful exterior space for occupants. Built in 1895, the building is being sold as-is.
The property is located on Bishop Street in Waterbury, Connecticut, near schools, shopping, restaurants, and major highways. Its three-family setup supports an arrangement with separate residential units, while the surrounding amenities and highway access add convenience for residents.
The property is located on Bishop Street in Waterbury, Connecticut, near schools, shopping, restaurants, and major highways. Its three-family setup supports an arrangement with separate residential units, while the surrounding amenities and highway access add convenience for residents.
Key Highlights
- Three‑family property with three residential units
- Separate utilities for each unit
- Off‑street parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,167
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,340
$483.3K
Cap Rate 7%
$345,243
$345.2K
Cap Rate 9%
$268,522
$268.5K
Market Conditions
NOI Build-Up for 2,145 SF
Gross rent
$37.3K $17.40/SF
− Vacancy
−$2.8K −$1.31/SF
EGI
$34.5K $16.10/SF
− OpEx
−$10.4K −$4.83/SF
NOI
$24.2K $11.27/SF
Area
Waterbury, CT
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,340
Cap Rate 7%
$345,243
Cap Rate 9%
$268,522
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 authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
Explore this area
Business Placement
Demographics for 06704, CT
27,300
Population
12,987
Households
2.1
Avg Household Size
34
Median Age
14%
College-Educated
78%
High-School Grad
8.1 sq mi
ZIP Area
3,370
Density / Sq Mi
$47,848
Median Household Income
$33,090
Median Earnings
$1,202
Median Rent
$178,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature separate utilities, off-street parking, and individual living areas.
Where is this triplex located?
The property is located at 230 Bishop St 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: Three‑family property with three residential units; Separate utilities for each unit; Off‑street parking included
