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Waterbury Multi-Family Investment Opportunity

230 Bishop Street, Waterbury, CT 06704

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For Sale

$295,000

MULTI_FAMILY - Waterbury, CT

Property size:

2,145 SF

Lot size:

0.22 Acres

Price / SF:

$137/SF

Listing Contact

Levi Judqin

Real Estate License ID: REB.0792029

HighLights

3‑family property in Waterbury, Connecticut, built in 1895
Public water and public sewer service
Separate utilities for each unit
Off‑street parking plus manageable yard space
As‑is sale; subject to short sale approval

For Sale

$295,000

MULTI_FAMILY - Waterbury, CT

Property size:

2,145 SF

Lot size:

0.22 Acres

Price / SF:

$137/SF

Added:: Mar 12, 2026
Days on Market:: 92
Last Refresh:: Jun 11 at 3:06 am

Property Features for 230 Bishop Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: RM
Bedrooms: 6
Bathrooms: 4
Rooms: Bedroom 1, Bedroom 6, Bedroom 3, Bathroom 1, Basement, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 4
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

We can help!

Listing Contact

Levi Judqin

Listing agent Levi Judqin License #REB.0792029

Listing office Brass Moon Realty 211 Chase Avenue, Waterbury, CT

Listing date Mar 12, 2026

MLS# 24158844 Listing URL

HighLights

3‑family property in Waterbury, Connecticut, built in 1895
Public water and public sewer service
Separate utilities for each unit
Off‑street parking plus manageable yard space
As‑is sale; subject to short sale approval

Overview

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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $24,167 @ 7.0% cap · market cap 8.19%

Second Best

Apartment 5plus

$311.0K

$272.1K – $362.9K (±1% cap)

NOI $21,771 @ 7.0% cap · market cap 7.38%

Theoretical Best

Office A

$569.2K

$498.1K – $664.1K (±1% cap)

NOI $39,846 @ 7.0% cap · market cap 13.51%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Waterbury
County: New Haven
State: Connecticut
Longitude: -73.037215
Latitude: 41.564711

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For sale
Triplexes
CT
Waterbury
06704
230 Bishop Street

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 in Waterbury, Connecticut, built in 1895; Public water and public sewer service; Separate utilities for each unit

230 Bishop Street, Waterbury, CT 06704

MULTI_FAMILY - Waterbury, CT

Property Features for 230 Bishop Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail Strip Mall with Multiple Tenants

Historic Three-Unit Multifamily Building

Three-Unit Multifamily with Detached Garage

Renovated Mixed-Use Income Property

Turnkey Renovated Multi-Family Home

Waterbury Multifamily Investment Opportunity

Permitted 14-Unit Rooming House

11-Unit Apartment Building

Spacious Two-Family Corner Lot

Well-Maintained Multifamily Property

Three-Unit Property with Separate Laundry

Waterbury Multi-Family Investment Opportunity

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