Two-Family Home with
For Sale
$450,000
Pending
265 Congress, Waterbury, CT 06708
Multifamily residence with flexible bedroom layouts, a finished basement, and attic bedrooms across multiple levels.
Property Size2,362 SF
Lot Size0.50 Acres
Days on Market66
Property Features for 265 Congress
General Information
Standard status
Pending
Size
2,362 SF
Total Parking Spaces
4
Lot size
0.50 Acres
Property subtype
2 Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1879
Listing Agency:
Brass City Homes Real Est. LLC
(203) 509-7248
Listed By:
Michael Grady · License #REB.0792504
(860) 416-4482
Source:
Lockandkeyre
Added: Aug 17
Changed: Oct 21
Last Checked: Oct 20 at 10:29PM
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 City Homes Real Est. LLC
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Investment Insights
Based on property information with market context.
This 2,362-square-foot duplex at 265 Congress Avenue includes two residential units within a 1879-built home. The first-floor unit has a modern kitchen, two bedrooms, one and one-half baths, and access to a finished basement with two additional bedrooms, a family room, and a full bath. The upper unit provides two bedrooms and a full bathroom, with a walk-up attic containing two more bedrooms.
The property occupies a 1/2-acre lot in Waterbury, Connecticut, with four-car off-street parking. Its multi-level arrangement and extensive bedroom count support both owner-occupancy and two-family residential use as described in the property information.
The property occupies a 1/2-acre lot in Waterbury, Connecticut, with four-car off-street parking. Its multi-level arrangement and extensive bedroom count support both owner-occupancy and two-family residential use as described in the property information.
Key Highlights
- 2,362‑square‑foot two‑family property in Waterbury, CT
- Situated on a 1/2‑acre lot
- Four‑car off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,611
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,220
$532.2K
Cap Rate 7%
$380,157
$380.2K
Cap Rate 9%
$295,678
$295.7K
Market Conditions
NOI Build-Up for 2,362 SF
Gross rent
$41.1K $17.40/SF
− Vacancy
−$3.1K −$1.31/SF
EGI
$38.0K $16.10/SF
− OpEx
−$11.4K −$4.83/SF
NOI
$26.6K $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%
$532,220
Cap Rate 7%
$380,157
Cap Rate 9%
$295,678
Alternative Uses
Best Use
Multifamily LT 5
$380.2K
$332.6K – $443.5K
NOI $26,611 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$342.5K
$299.7K – $399.6K
NOI $23,973 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$626.8K
$548.5K – $731.3K
NOI $43,877 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
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Business Placement
Demographics for 06708, CT
30,345
Population
13,061
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
3,228
Density / Sq Mi
$63,705
Median Household Income
$40,515
Median Earnings
$1,275
Median Rent
$196,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Multifamily residence with flexible bedroom layouts, a finished basement, and attic bedrooms across multiple levels.
Where is this duplex located?
The property is located at 265 Congress Waterbury, CT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,362‑square‑foot two‑family property in Waterbury, CT; Situated on a 1/2‑acre lot; Four‑car off‑street parking
