Waterbury Multi-Family Investment
230 Bishop Street Waterbury, CT 06704
For Sale
$295,000
MULTI_FAMILY - Waterbury, CT
Property Size2,145 SF
Lot Size0.22 Acres
Price / SF$137.53
Days on Market137
Property Features for 230 Bishop Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bathroom 4, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 2, Basement, Bathroom 3, Bathroom 1
- Basement
- Partially Finished, Unfinished, Full
- Standard status
- Active
- Size
- 2,145 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4027
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1895
Listing Agency:
Brass Moon Realty
(203) 945-1000
Listed By:
Levi Judqin · License #REB.0792029
(203) 724-7127
Added: Mar 12
Changed: Jul 26
Last Checked: Jul 26 at 10:06AM
MLS# 24158844
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.
Located in Waterbury, Connecticut, this three-family property presents an investment opportunity. Each unit features a spacious layout with multiple bedrooms, ample natural light, and separate living areas. The property includes separate utilities, off-street parking, and a manageable yard space. Its location provides convenient access to schools, shopping, restaurants, and major highways. The property has strong rental potential. The property is being sold as-is and is subject to short sale approval. The lot size is 0.22 acres, and the property size is 2,145 square feet.
Key Highlights
- 3‑family property built in 1895 in Waterbury, Connecticut
- Each unit features separate living areas with multiple bedrooms and natural light
- Public water supply and public sewer
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
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: 3‑family property built in 1895 in Waterbury, Connecticut; Each unit features separate living areas with multiple bedrooms and natural light; Public water supply and public sewer
