Three-Building Multifamily
25 Piedmont Street Waterbury, CT 06706
25 Piedmont Street, Waterbury, CT, 06706
$2,500,000
For Sale
$2,500,000
25-unit multifamily on one parcel with three buildings and shared parking lot, offering studio, 1-, and 2-bedroom units.
Property Size7,068 SF
Price / SF$353.71
Days on Market166
Property Features for 25 Piedmont Street
General Information
- Standard status
- Active
- Size
- 7,068 SF
- Property subtype
- Multi-Family / 5 Family+
Building Details
- Year Built
- 1972
Listing agency
Alpha Capital Realty, LLC
(203) 816-7926
Listed by
Zachary T Pinto · License #RES.0827718
(203) 816-7926
Source
Compass
Added: Feb 6 Updated: Jul 21 at 4:45AM Checked: Jul 21 at 4:45AM
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 Alpha Capital Realty, LLC
Investment Insights
Based on property information with market context.
Offered for sale, 25 Piedmont Street is a 25-unit multifamily investment comprised of three buildings on one parcel, served by a shared parking lot. The current unit mix includes studios, 1-bedroom apartments, and 2-bedroom apartments. According to the seller’s remarks, many units have been recently renovated, supporting the property’s focus on continued rent growth.
The seller also notes the opportunity to consider a package deal, referencing 815 E Main along with 25–37 Piedmont St. In terms of performance, the listing states stabilized performance targets an 8.50% cap rate and an estimated 11.5% cash-on-cash return at entry, positioning the asset as an income-producing option in a steady rental market.
For underwriting details and package pricing, inquire for financials and next steps.
The seller also notes the opportunity to consider a package deal, referencing 815 E Main along with 25–37 Piedmont St. In terms of performance, the listing states stabilized performance targets an 8.50% cap rate and an estimated 11.5% cash-on-cash return at entry, positioning the asset as an income-producing option in a steady rental market.
For underwriting details and package pricing, inquire for financials and next steps.
Key Highlights
- 25‑unit multifamily investment made up of three buildings on one parcel with a shared parking lot
- Unit mix includes studios, 1‑bedroom, and 2‑bedroom apartments
- Many units have been recently renovated, supporting continued rent growth potential
Local Financial Insights For Apartment 5plus
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 | $139.9k | $19.80 |
| − Vacancy | −$9.5k | −$1.35 |
| EGI | $130.4k | $18.45 |
| − OpEx | −$58.7k | −$8.30 |
| NOI | $71.7k | $10.15 |
7,068 SF · lease $19.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$896.7K – $1.20M
NOI $71,737 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,295 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 25-unit multifamily on one parcel with three buildings and shared parking lot, offering studio, 1-, and 2-bedroom units.
Where is this apartment building located?
The property is located at 25 Piedmont Street Waterbury, CT.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 25‑unit multifamily investment made up of three buildings on one parcel with a shared parking lot; Unit mix includes studios, 1‑bedroom, and 2‑bedroom apartments; Many units have been recently renovated, supporting continued rent growth potential
