Two-Unit
238 Pine, Waterbury, CT 06710
For Sale
$300,000
The residences offer distinct one-bedroom and four-bedroom layouts.
Property Size1,920 SF
Price / SF$150.23
Days on Market12
Property Features for 238 Pine
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Kass Real Estate LLC
Listed By:
Kassie Robertson · License #REB.0793534
(860) 989-8643
Source:
Iverty
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 6:48AM
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 Kass Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two residences: a one-bedroom unit on the first floor and a four-bedroom unit above. The property is zoned RM.
Downtown Waterbury is a three-minute walk away, and Driggs Elementary School is two minutes on foot. Major bus routes, highway access, grocery stores, pharmacies, restaurants, shopping centers, and local parks are also identified nearby.
Downtown Waterbury is a three-minute walk away, and Driggs Elementary School is two minutes on foot. Major bus routes, highway access, grocery stores, pharmacies, restaurants, shopping centers, and local parks are also identified nearby.
Key Highlights
- Two residences: one‑bedroom first‑floor unit and four‑bedroom second‑floor unit
- RM zoning
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,499
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,980
$450.0K
Cap Rate 7%
$321,414
$321.4K
Cap Rate 9%
$249,989
$250.0K
Market Conditions
NOI Build-Up for 1,997 SF
Gross rent
$34.7K $17.40/SF
− Vacancy
−$2.6K −$1.31/SF
EGI
$32.1K $16.10/SF
− OpEx
−$9.6K −$4.83/SF
NOI
$22.5K $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%
$449,980
Cap Rate 7%
$321,414
Cap Rate 9%
$249,989
Alternative Uses
Best Use
Multifamily LT 5
$321.4K
$281.2K – $375.0K
NOI $22,499 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$289.6K
$253.4K – $337.8K
NOI $20,269 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$529.9K
$463.7K – $618.3K
NOI $37,096 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 06710, CT
11,056
Population
4,515
Households
2.4
Avg Household Size
32
Median Age
15%
College-Educated
71%
High-School Grad
1.0 sq mi
ZIP Area
11,056
Density / Sq Mi
$42,774
Median Household Income
$33,880
Median Earnings
$1,135
Median Rent
$219,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Waterbury, CT
Properties on Market for Duplexes in Waterbury
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The residences offer distinct one-bedroom and four-bedroom layouts.
Where is this duplex located?
The property is located at 238 Pine Waterbury, CT.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two residences: one‑bedroom first‑floor unit and four‑bedroom second‑floor unit; RM zoning; Built in 1920
